6-8 Harmony St, Salem, MA 01970
- Added:
- Jun 8, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 8 at 5:06 pm
Property Features for 6-8 Harmony St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 1
- Parking
- 5
- Standard status
- Active
- APN
- M:27 L:0046,2132982
- Size
- 3,162 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8624
Building Details
- Year built
- 1910
- Floors in Building
- 3
- Number of units
- 2
Listing agent Keller Williams Realty Evolution
Listing office Keller Williams Realty Evolution 500 Cummings Center, Suite 1550, Beverly, MA (978) 927-8700
Listing date Jun 8, 2026
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.
HighLights
- Recently renovated 2‑family home built in 1910
- First‑floor unit: 2 bedrooms, 1 full bathroom, updated kitchen and bath
- Second‑floor unit: renovated kitchen and bathroom, gleaming hardwood floors, in‑unit washer and dryer
- Third floor with additional unrenovated rooms for potential future expansion or customization
- Showings start at the open house on June 11 from 5:00 PM–7:00 PM
- Seller review of offers begins Tuesday, June 16 at 12:00 PM
Overview
Located in Salem, the property is described as convenient to major highways and public transportation, with access to parks, shopping, and other local amenities.
For owner-occupants, the layout supports live-in comfort with rental income from the adjacent unit, while keeping renovation and in-unit laundry considerations front and center. For investors, the existing two-unit setup, along with the third-floor space that may be finished later, can be useful for tenants seeking separate unit living. Zoning is listed as R2, and the seller has indicated showings begin at the first open house on June 11 from 5:00 PM to 7:00 PM, with offers reviewed beginning Tuesday, June 16 at 12:00 PM.
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
- -70.904314
- Latitude
- 42.527178
