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    Salem, MA
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    Salem, MA Multifamily Properties for Sale

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    21 properties
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    Mixed-Use Building with Restaurant
    Updated: Jun 30
    Mixed-Use Building with Restaurant

    13 Central Street, Salem, MA 01970

    $1,899,000
    6,442 sqft
    Three‑story mixed‑use building totaling 6,442 SF built in 1868
    Ground‑floor restaurant with residential apartments on the 2nd and 3rd floors
    Property is located in downtown Salem and occupies a historically significant site
    Site includes a historical marker recognizing The London Coffee House dating to 1698
    View details
    Two-Unit Duplex with Detached Garage
    Updated: Oct 13
    Two-Unit Duplex with Detached Garage

    17 Nursery Street, Salem, MA 01970

    $650,000
    2,405 sqft
    Two‑family property with 10 rooms and 2,405 sq. ft.
    First‑floor unit has a 1+ bedroom layout; second and third floors combine for a 4+ bedroom layout
    Level 3,441 sq. ft. yard
    Detached 2‑car garage and off‑street parking for approximately 3 vehicles
    Basement includes an additional bathroom
    View details
    Two-Unit Duplex with Porches
    Two-Unit Duplex with Porches

    53 Cedar St, Salem, MA 01970

    $799,000
    2,247 sqft 0.10 AC lot

    Well-maintained building with hardwood floors, a paved driveway, and private outdoor areas.

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    Renovated Two-Unit Victorian Duplex
    Renovated Two-Unit Victorian Duplex

    18 Balcomb Street, Salem, MA 01970

    $1,598,000
    4,310 sqft

    Historic two-residence property with townhouse-style layouts, private outdoor areas, and extensive system upgrades.

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    1850 Duplex with Fenced Yard
    1850 Duplex with Fenced Yard

    46 1/2 Essex St, Salem, MA 01970

    $799,000
    1,920 sqft

    Two residential units provide varied layouts, private outdoor space, and on-site parking in Salem.

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    Six-Unit Residential Income Property
    Six-Unit Residential Income Property

    395 Essex, Salem, MA 01970

    $1,795,000
    5,212 sqft

    Six residential units with separate gas and electric meters, including one two-bedroom and four one-bedroom layouts.

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    Updated Four-Unit Quadplex
    Updated Four-Unit Quadplex

    1-7 Prince, Salem, MA 01970

    $1,275,000
    3,400 sqft

    Four residential units feature renovated interiors, off-street parking, and basement storage.

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    Two-Unit Duplex with Garages
    Two-Unit Duplex with Garages

    249 Loring Ave, Salem, MA 01970

    $950,000
    3,342 sqft

    Two-level residences offer hardwood flooring, private utilities, updated heating systems, and dedicated parking with garage space.

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    Character Duplex with Two-Level Unit
    Character Duplex with Two-Level Unit

    126-1/2 Federal St, Salem, MA 01970

    $1,050,000
    2,926 sqft

    Well-maintained duplex with hardwood floors, granite/stone counters, and a two-level second unit plus off-street parking.

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    Four-Unit Multifamily Building
    Four-Unit Multifamily Building

    8 Saunders St, Salem, MA 01970

    $1,249,900
    4,166 sqft

    Well-maintained four-unit multifamily property with three 2-bedroom units and one 3-bedroom unit.

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    9-Unit Apartment Building
    9-Unit Apartment Building

    364-366 Essex Street, Salem, MA 01970

    $2,200,000
    9,044 sqft 0.13 AC lot

    Two-building apartment property with a varied unit mix, off-street parking, and landlord-provided utilities.

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    Unoccupied Two-Family Duplex
    Unoccupied Two-Family Duplex

    16 Pleasant Street, Salem, MA 01970

    $825,000
    2,622 sqft

    Vacant two-family duplex with two flexible 2–3 bedroom units, hardwood floors, fireplaces, basement laundry hookups, and off-street parking.

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    Historic Two-Unit Residential Income
    Historic Two-Unit Residential Income

    11 Barton St, Salem, MA 01970

    $849,900
    2,160 sqft

    Two-story multi-family built in 1821 with two full bathrooms per unit and a fireplace and beamed ceiling in the living area.

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    Two-Family Home with Basement
    Two-Family Home with Basement

    24 Mason St, Salem, MA 01970

    $799,900
    3,214 sqft

    Vacant two-family residence with updated interiors, fenced yard, off-street parking, and full basement.

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    Two-Unit Duplex Rehabilitation Project
    Two-Unit Duplex Rehabilitation Project

    33 Walter St, Salem, MA 01970

    $399,900
    2,100 sqft 0.20 AC lot

    Two distinct units require complete rehabilitation and are offered strictly as-is.

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    Adjacent 3-Story Six-Unit Apartment Buildings
    Adjacent 3-Story Six-Unit Apartment Buildings

    5 Ropes Street, Salem, MA 01970

    Contact for pricing
    19,720 sqft

    Two adjacent 3-story six-unit buildings with surface parking, 6-bay garages, coin laundry, and separately metered utilities.

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    Updated Two-Family Duplex
    Updated Two-Family Duplex

    5 Willow Ave, Salem, MA 01970

    $845,000

    Separate utilities, a one-car garage, driveway, and patio support practical ownership.

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    Well-Maintained 6-Unit Multifamily
    Well-Maintained 6-Unit Multifamily

    33 Harbor Street, Salem, MA 01970

    $1,550,000

    Six-unit multifamily property with a recently upgraded boiler and coin-operated common-area laundry.

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    Three-Family Residential Income Home
    Three-Family Residential Income Home

    1-3 Howard St, Salem, MA 01970

    $899,999

    Up/down three-family residence offered for sale, needing some TLC, with period charm and rental income potential.

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    Historic Five-Residence Apartment Building
    Historic Five-Residence Apartment Building

    393 Essex St, Salem, MA 01970

    $1,875,000

    Renovated in 2022, the property combines individually metered utilities with separate HVAC and hot-water systems.

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    Two-Family Duplex with Attic Space
    Two-Family Duplex with Attic Space

    61 Mason St, Salem, MA 01970

    $649,000

    Additional attic area complements the property's existing residential units.

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    Based on your search, we've compiled Potential Opportunities for your consideration. Besides 21 Active Listings in Salem, MA, we suggest to view alternatives - similar 7 Off-Market properties to explore as potential leads.

    Off-Market Properties in Salem, MA

    Consider similar Off-Market properties in Salem, MA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    10 Howard St
    BOARDING/ROOMING HOUSE

    10 Howard St, Salem, MA 01970-3813

    Estimated value:
    $830,000
    5,110 sqft 0.04 AC lot
    View details
    6 Monroe St
    BOARDING/ROOMING HOUSE

    6 Monroe St, Salem, MA 01970-3217

    Estimated value:
    $2,935,000
    5,265 sqft 0.10 AC lot
    View details
    286 Washington St
    BOARDING/ROOMING HOUSE

    286 Washington St, Salem, MA 01970-3640

    Estimated value:
    $2,000,000
    4,695 sqft 0.07 AC lot
    View details

    Salem, MA Multifamily Properties Market Trends and Statistics

    Explore 28 multifamily properties for sale in Salem, MA, showcased through 21 active listings on our real estate platform. These investment opportunities span a total of 75,230 square feet of properties for sale, with an estimated market value of $22,958,599.

    Sale prices for multifamily properties in Salem, MA start at $399,900, averaging $1,147,929, and reaching up to $2,200,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 12
    Apartment buildings 5
    Quadplexes 2
    Triplexes 1

    Demographics Overview

    Population 44K
    Population Growth (5Y) +2.2%
    Median Household Income $85,189
    College Educated 35.2%

    High-Yield Neighborhoods for Investment

    Identify Salem submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    01970 $1.2M

    Taxes & Financing

    Tax Rate (average for all types) 2.11%
    Property Tax per SF $33.59 per SF
    Tax Rate vs County Average 0.41 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Essex County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Salem fall within the 100,000+ square foot range.

    How Realmo verifies these figures

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