6-8 Harmony Street, Salem, MA 01970
Recently renovated two-family home with in-unit laundry and updated kitchens and baths across the first two floors.
- Added:
- Jun 7, 2026
- Days on Market:
- 11
- Last Refresh:
- Jun 11 at 3:02 am
Property Features for 6-8 Harmony Street
General Information
- Standard status
- Active
- Size
- 3,162 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing agent Jeffrey Carter (617) 396-3100
Listing office Keller Williams Realty Evolution
Listing date Jun 7, 2026
Source Longwoodresidential
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HighLights
- Recently renovated two‑family home, built in 1910
- First‑floor unit: 2 bedrooms and 1 full bathroom with updated kitchen and bath
- Second‑floor unit: renovated kitchen and bathroom plus in‑unit washer and dryer
- Second floor features sun‑filled living spaces with gleaming hardwood floors
- Third floor includes additional unrenovated rooms for potential expansion or customization
Overview
Located at 6-8 Harmony Street in Salem, MA 01970, the home is positioned near major highways and public transportation. It is also described as being close to parks, shopping, and local amenities, supporting a practical day-to-day lifestyle for either owner-occupants or tenants.
For buyers seeking a manageable residential income or owner-occupant setup, the updated first- and second-floor units offer clear day-to-day livability, while the third floor adds flexibility for future planning. A contractor-forward approach is encouraged to evaluate the unrenovated third-floor rooms and determine the best path to finish or repurpose the additional space.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $79.7k | $25.20 |
| − Vacancy | −$3.6k | −$1.13 |
| EGI | $76.1k | $24.07 |
| − OpEx | −$22.8k | −$7.22 |
| NOI | $53.3k | $16.85 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.90435
- Latitude
- 42.5271663
