Active
9 Days on market
1-7 Prince Salem — Photo 1 of 22

1-7 Prince Salem — Photo 1 of 22

$1,275,000

1-7 Prince, Salem, MA 01970

Salem, MA 01970

Beds

8

Baths

4

SqFt

3,400

Style

4 Family

Built

1960

Turnkey 4-unit investment opportunity in Salem perfect for investor or owner occupant. The Property consists four (4) 2-bedroom units, along with 5 off-street parking spaces. Heat and hot water are included in rent. The property has been extensively updated, featuring renovated kitchens and baths with granite countertops and stainless steel appliances, updated electrical, a newer roof, and new insulation in attic and walls. Additional highlights include basement storage and a clean, well-maintained condition, making this an ideal opportunity for investors seeking a low-maintenance, stabilized asset with upside through future rent optimization. See attached for the OM with detailed financials.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$375/sqft
Local Avg (Salem)$350/sqft
7% AboveMarket Average

* Analysis is based on 21 actively listed and recently sold comparable properties strictly within Salem, MA.

Property Details

Financials

Original Price$1,275,000
Annual Taxes$8,120

Parking

Garage0
Off-Street5

Interior Specifications

Total Rooms16
FireplacesNone
FlooringWood
BasementFull, Concrete

Climate & Utilities

HeatingOil
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR3

Property & Lot

Acres0.11
SqFt Lot4,870
Lot FeaturesOther

Neighborhood

Public Transportation • Park • Highway Access • House of Worship • T-Station

Geography

Population

44,738

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$85K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

50.4%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

992 housing units permitted in the last 12 months (-15% vs the prior 12 months) — 515 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Francesca Little

Listing Office: Little & Co., REALTORS®

MLS® Number: 73570004

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