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    Salem, MA
    Residential Income

    Salem, MA Residential Income Properties for Sale

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

    13 Central Street, Salem, MA 01970

    $2,290,000
    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
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    This listing looks promising.

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    13 Central Street, Salem, MA, MA 01970

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    • Est. Cap Rate

      5.7%
      NOI ÷ price

    • Est. NOI

      $130K
      Annual

    • Mortgage

      $976K
      Apr 2020

    • Property Type

      Commercial Office/Residential (Mixed Use)
      Built 1868
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    Historic 2-Unit Townhouse Duplex
    Updated: Jul 20
    Historic 2-Unit Townhouse Duplex

    5 Daniels St, Salem, MA 01970

    $949,900
    2,496 sqft 0.08 AC lot
    Historic 2‑family built in 1805 for Edmund Stanley, the first Captain of the Friendship
    Each townhouse features a living room, new kitchen, 2 bedrooms, and 1.5 baths
    Multiple fireplaces, hardwood floors, laundry space, and replacement windows in both units
    Recent updates include brand new roof, insulation, 2 new electric panels, 2 gas water‑heaters, and 2 gas‑fired boilers
    Large dry basement plus a 2‑car garage, driveway, and private patio
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    Renovated Two-Family with In-Unit Laundry
    Renovated Two-Family with In-Unit Laundry

    6-8 Harmony St, Salem, MA 01970

    $919,900
    3,162 sqft 0.13 AC lot

    Recently renovated duplex with two units, including second-floor in-unit washer and dryer.

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    Historic Seven-Unit Residential Building
    Historic Seven-Unit Residential Building

    401 Essex, Salem, MA 01970

    $2,500,000
    4,997 sqft

    Brick seven-family property built in 1815 with renovated interiors, off-street parking, and a detached carriage house at the rear.

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    Adjacent 6-Unit Multifamily Buildings
    Adjacent 6-Unit Multifamily Buildings

    8 Porter St Court, Salem, MA 01970

    $4,200,000
    13,472 sqft

    Two adjacent 3-story, 6-unit buildings offer separately metered utilities, laundry, and parking/garage revenue potential.

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

    5 Ropes Street, Salem, MA 01970

    $4,200,000
    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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    Adjacent 6-Unit Apartment Buildings
    Adjacent 6-Unit Apartment Buildings

    8-10 & 5 Porter St Ct & Ropes Portfolio, Salem, MA 01970

    $4,200,000
    13,472 sqft

    Two adjacent 3-story, six-unit buildings offer separately metered utilities, on-site coin laundry, and parking with garages.

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    Three-Unit Residential Income Building
    Three-Unit Residential Income Building

    17 Roslyn Street, Salem, MA 01970

    $1,150,000
    4,330 sqft

    1914 three-family property with two-bedroom and three-bedroom units, separate utilities, and off-street parking plus a two-car garage.

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    Two-Family Historic Residence
    Two-Family Historic Residence

    31 Williams Street, Salem, MA 01970

    $599,000
    1,863 sqft

    Cedar-shingle 2-family home with a private rooftop deck, located in a National Register historic district.

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    Turnkey 8-Unit Apartment Investment
    Turnkey 8-Unit Apartment Investment

    1-7 Prince St & 48-54 Harbor Street, Salem, MA 01970

    $2,400,000
    6,656 sqft

    Two deeded four-family buildings offer eight 2-bedroom units and 10 off-street parking spaces.

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    Two-Family Residential Income Property
    Two-Family Residential Income Property

    7 May St, Salem, MA 01970

    $575,000
    2,052 sqft

    Freshly painted two-family home with six bedrooms, updated bathroom, and hardwood floors on a fenced shared yard.

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

    395 Essex, Salem, MA 01970

    $1,995,000
    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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    Three-Unit Residential Income Property
    Three-Unit Residential Income Property

    17 Roslyn St, Salem, MA 01970

    $1,150,000
    4,330 sqft

    Built in 1914, this three-unit property features two-bedroom units with private outdoor space and a separate three-bedroom unit.

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    Fully Renovated 26-Unit Apartment Building
    Fully Renovated 26-Unit Apartment Building

    233 Lafayette, Salem, MA 01970

    $7,995,000
    17,755 sqft

    Renovated brick apartment building with 26 units, including studios and one- and two-bedroom layouts.

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    Historic Multi-Family Residence
    Historic Multi-Family Residence

    11 Barton St, Salem, MA 01970

    $929,900
    2,160 sqft

    Two-story historic multi-family built in 1821 with a fireplace, beamed ceiling, and double vanity bathrooms.

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    Side-by-Side Townhouse Duplex
    Side-by-Side Townhouse Duplex

    23-25 Putnam St, Salem, MA 01970

    $825,000

    Duplex offers two townhouse-style units with private entrances, decks, basements, and separate utilities on a single lot.

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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 Six-Unit Multifamily Building
    Historic Six-Unit Multifamily Building

    395 Essex, Salem, MA 01970

    $2,100,000

    Six apartments in a circa-1735 Georgian Colonial include updated gas heating and multiple original fireplaces.

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    17-Unit Multifamily Development Opportunity
    17-Unit Multifamily Development Opportunity

    64 Ward St, Salem, MA 01970

    $1,395,000

    Concept plans for studio through two-bedroom units, with potential Chapter 40R redevelopment in Salem.

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

    24 Mason St, Salem, MA 01970

    $799,900

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

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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

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

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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

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

    6 Monroe St, Salem, MA 01970-3217

    $3,055,000
    Estimated value
    5,265 sqft 0.10 AC lot
    View details
    286 Washington St
    BOARDING/ROOMING HOUSE

    286 Washington St, Salem, MA 01970-3640

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

    Salem, MA Residential Income Properties Market Trends and Statistics

    Explore 28 residential income properties for sale in Salem, MA, showcased through 21 active listings on our real estate platform. These investment opportunities span a total of 108,119 square feet of properties for sale, with an estimated market value of $36,053,700.

    Sale prices for residential income properties in Salem, MA start at $575,000, averaging $2,403,580, and reaching up to $7,995,000 — 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

    Multifamily properties 13
    Apartment buildings 7
    Duplexes 4
    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 $1.5M

    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.

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