1-7 Prince St & 48-54 Harbor St Salem, MA $ 2,650,000
1-7 Prince St & 48-54 Harbor St
$ 2,650,000
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1-7 Prince St & 48-54 Harbor St

Salem, MA, 01970
$ 2,650,000
Bedrooms16 Baths8.0 Sq 6,656

Monthly Estimate*

$ 16,317

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Multi-Family Home for sale in Salem, MA

for $2,650,000 with 16 bedrooms and 8 full baths. This 6,656 square foot home was built in 1960 on a lot size of 0.22.

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.

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Multi-Family Active

Price

$ 2,650,000

Bedrooms

16

Full Bath

8

Property Type

Multi-Family

Taxes

$ 16,240

Style

5-9 Family

Lot Size

0.22

Year Built

1960

Town/City

Salem

County/Region

Essex

MLS | Web ID

73490150

List By
Francesca Little

Listing Agent

Little & Co., Realtors®

Broker

Affordability Calculator

$17,670
Per Month
92%
8%
0%
Monthly Principal & Interest
$16,317
Monthly Property Taxes
$1,353
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Pricing History
DatePricePrice ChangeDescription
3/23/2026$2,650,000 Listed Price

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1-7 Prince St & 48-54 Harbor St, Salem, MA, 01970 is a Multi-Family Home for sale at $2,650,000 with 6,656 sqft and a lot size of 0.22. 1-7 Prince St & 48-54 Harbor St has 16 bedrooms, 8.0 baths, and was built in 1960. The property's zip code is 01970 which is in Salem, MA