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78 School St Salem, NH 3079

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For Sale
$1,500,000

Well-maintained 8-unit apartment building with value-add potential.

Type:Multifamily
Added:
Apr 1, 2026
Days on Market:
22
Last Refresh:
Apr 1 at 11:48 am

Property Features for 78 School St

General Information

Standard status
Active
Property subtype
Multifamily

Building Details

Year Built
1940

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Listing Contact
Brad Carlson
Brad Carlson

Listing agent Brad Carlson License #MA #9584876

Listing office New England Realty Advisors LLC

Listing date Apr 1, 2026

Source Nerealtyadvisors

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of New England Realty Advisors LLC


Overview

Salem NH Multifamily Investment Opportunity

The School Street Apartments, located at 78 School St in Salem, NH, present an investment opportunity. This property comprises two buildings on a single lot. The first building, constructed in 1940, contains six apartments: four two-bedroom units and two studios. The second building, a duplex built in 1954, features two two-bedroom apartments. This is the first time this property has been on the market in 38 years. The buildings have been meticulously maintained, with roofs, windows, and siding replaced less than 10 years ago. Ample off-street parking is available, accommodating two cars per unit. A three-unit garage provides potential for additional rental income. On-site coin-operated laundry is located in the basement of the front building. Investors have the opportunity to increase value by raising rents to market rates and updating the units.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Salem
County
Rockingham
State
New Hampshire
Longitude
-71.2138983
Latitude
42.7915671

FAQs

What type of property is this?
Apartment building - Well-maintained 8-unit apartment building with value-add potential.
Where is this apartment building located?
The property is located at 78 School St Salem, NH.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Two buildings with a total of 8 units on one lot; Ample off‑street parking (two cars per unit); Value‑add opportunity through rent increases and unit updates
More about this property
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