




1-7 Prince St #&-48-54, Salem, MA, 01970
About This Home
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.
Getting Around
Schools
Construction
Condition
- Year built: 1960
Materials
- Foundation: Concrete Perimeter
- Roof: Shingle
- Construction materials: Frame
Type & Style
- Home type: MultiFamily
- Property subType: 5-9 Family
Interior
Basement
- Has basement: Yes
- Basement: Full,Interior Entry
Bedrooms & Bathrooms
- Bedrooms: 16
- Bathrooms: 8
- Full bathrooms: 8
Features
- Flooring: Wood
- Finished area above ground: 6,656
Heating
- Heating features: Oil
Interior Area
- Total structure area: 6,656
- Total interior livable area: 6,656 sqft
Property
Details
- Zoning: R3
Lot
- Lot size: 9,740 sqft
- Features: Corner Lot
Parking
- Total spaces: 10
- Parking features: Off Street
- Uncovered spaces: 10
