1-7 Prince Street & 48-54 Harbor StreetSalem, MA 01970MLS Number 73490150

  • Price: $2,650,000
  • Est. Mortgage of $/month
  • 54 Days on Market
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Federal 30-year interest rate: 6.37% last updated on May 7, 2026
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1-7 Prince Street & 48-54 Harbor Street Salem MA 019701-7 Prince Street & 48-54 Harbor Street Salem MA 019701-7 Prince Street & 48-54 Harbor Street Salem MA 019701-7 Prince Street & 48-54 Harbor Street Salem MA 019701-7 Prince Street & 48-54 Harbor Street Salem MA 019701-7 Prince Street & 48-54 Harbor Street Salem MA 019701-7 Prince Street & 48-54 Harbor Street Salem MA 019701-7 Prince Street & 48-54 Harbor Street Salem MA 019701-7 Prince Street & 48-54 Harbor Street Salem MA 019701-7 Prince Street & 48-54 Harbor Street Salem MA 019701-7 Prince Street & 48-54 Harbor Street Salem MA 019701-7 Prince Street & 48-54 Harbor Street Salem MA 019701-7 Prince Street & 48-54 Harbor Street Salem MA 019701-7 Prince Street & 48-54 Harbor Street Salem MA 019701-7 Prince Street & 48-54 Harbor Street Salem MA 019701-7 Prince Street & 48-54 Harbor Street Salem MA 019701-7 Prince Street & 48-54 Harbor Street Salem MA 019701-7 Prince Street & 48-54 Harbor Street Salem MA 019701-7 Prince Street & 48-54 Harbor Street Salem MA 019701-7 Prince Street & 48-54 Harbor Street Salem MA 019701-7 Prince Street & 48-54 Harbor Street Salem MA 019701-7 Prince Street & 48-54 Harbor Street Salem MA 019701-7 Prince Street & 48-54 Harbor Street Salem MA 019701-7 Prince Street & 48-54 Harbor Street Salem MA 019701-7 Prince Street & 48-54 Harbor Street Salem MA 019701-7 Prince Street & 48-54 Harbor Street Salem MA 019701-7 Prince Street & 48-54 Harbor Street Salem MA 01970
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  • 16Bedrooms
  • 0.22Acreage
  • 8Bathrooms
  • 1960Year Built

Driving Directions

Turnkey 8-unit investment opportunity in Salem. The Property consists of two four-family buildings deeded together, totaling eight (8) 2-bedroom units, along with 10 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 new roof on the Harbor Street building, and new insulation in both attics 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.
Listed by Francesca Little of Little & Co.,REALTORS®

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More Info

Basic Information

  • Gross Income $226,800
  • Lot Features Corner Lot
  • Mls StatusActive
  • Rent Includes Unit 1(Heat, Hot Water), Unit 2(Heat, Hot Water)

Location

  • Address1-7 Prince Street & 48-54 Harbor Street
  • Building Number1-7
  • CountyEssex
  • StateMA
  • StreetPrince Street & 48-54 Harbor Street
  • TownSalem
  • Zip01970

Utilities

  • Electric 200+ Amp Service
  • Heat SystemYes
  • Heating Oil
  • Sewer Public Sewer
  • Water Source Public

Amenities

  • AmenitiesPublic Transportation
  • Other AmenitiesBasement

Tax Information

  • Tax Assessed Value $1,432,100
  • Tax Year 2025
  • Taxes$16,240

Basic Information

  • List Price$2,650,000
  • MLS Number73490150
  • Modification Date03/27/2026
  • Property SubType5-9 Family

Property

  • Acreage0.22

Interior

  • Flooring Wood

Exterior

  • RoofShingle

Property Information

  • Building Area Source Public Records
  • Living Area 6,656
  • Lot Size Square Feet 9,740
  • Lot Size Units Acres
  • Square Feet6,656

Other

  • Date Listed03/23/2026
  • Farm Land Area Units Square Feet
  • View Count2

Parking

  • Parking Features Off Street
  • Parking Spaces10

Rooms

  • Bathroom8
  • Bathrooms Total Decimal 8
  • Bedrooms16
  • Full Bath8

Building

  • BasementFull, Interior Entry
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationConcrete Perimeter
  • Levels 2
  • Rooms32
  • Stories2
  • Units8
  • Year Built1960
  • Year Built Details Approximate
  • Year Built Source Public Records
CENTURY 21 Shawmut Properties | Brighton
CENTURY 21 Shawmut Properties | Brighton
134 Tremont Street
Brighton, MA 02135

Salem, MA Demographics

There is no data available

Salem, MA Real Estate Market Data

There is no data available

Salem, MA Schools

School NameDistanceTypeGrades

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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