Two-Unit Duplex with
207 Loring Ave, Salem, MA 01970
For Sale
New
$760,000
Residential Income, Salem, MA
Property Size2,796 SF
Lot Size0.21 Acres
Price / SF$271.82
Days on Market3
Property Features for 207 Loring Ave
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Amenities
porch
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
Keller Williams Realty Evolution
(978) 927-8700
Listed By:
Keller Williams Realty Evolution
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 8 at 12:06AM
MLS# 73599822
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-unit duplex in Salem contains 2,796 square feet and dates to 1914. Both units have large rooms and their own porch. The full basement provides storage, washer and dryer hookups, utilities, and a work area. The property also includes a separate lot and off-street parking, with R1 zoning.
The home is on Loring Avenue in Salem, near Vinnin Square and an MBTA bus line. The listed lot area is 0.2101 acres.
The home is on Loring Avenue in Salem, near Vinnin Square and an MBTA bus line. The listed lot area is 0.2101 acres.
Key Highlights
- Two‑unit duplex with a porch for each unit
- 2,796 square feet; built in 1914
- Includes an additional lot; total listed lot area is 0.2101 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,102
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$942,040
$942.0K
Cap Rate 7%
$672,886
$672.9K
Cap Rate 9%
$523,356
$523.4K
Market Conditions
NOI Build-Up for 2,796 SF
Gross rent
$70.5K $25.20/SF
− Vacancy
−$3.2K −$1.13/SF
EGI
$67.3K $24.07/SF
− OpEx
−$20.2K −$7.22/SF
NOI
$47.1K $16.85/SF
Area
Essex County, MA
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$942,040
Cap Rate 7%
$672,886
Cap Rate 9%
$523,356
Alternative Uses
Best Use
Multifamily LT 5
$672.9K
$588.8K – $785.0K
NOI $47,102 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$607.4K
$531.5K – $708.6K
NOI $42,517 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$1.66M
$1.45M – $1.93M
NOI $115,866 @ 7.0% cap · market cap 15.25%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
277
Businesses Nearby
Explore this area
Business Placement
Demographics for 01970, MA
44,451
Population
20,920
Households
2.1
Avg Household Size
39
Median Age
50%
College-Educated
92%
High-School Grad
8.2 sq mi
ZIP Area
5,421
Density / Sq Mi
$85,189
Median Household Income
$52,024
Median Earnings
$1,800
Median Rent
$497,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Essex County, MA
Properties on Market for Duplexes in Essex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A separate additional lot, off-street parking, and a full basement add practical flexibility to this residential property.
Where is this duplex located?
The property is located at 207 Loring Ave Salem, MA.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: Two‑unit duplex with a porch for each unit; 2,796 square feet; built in 1914; Includes an additional lot; total listed lot area is 0.2101 acres
