233 Lafayette Salem, MA ^$ 7,995,000

233 Lafayette

^$ 7,995,000

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233 Lafayette

Salem, MA, 01970

^$ 7,995,000

Bedrooms32 Baths26.0 Sq 17,755

Monthly Estimate*

^$ 49,227

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Multi-Family Home for sale in Salem, MA

for $7,995,000 with 32 bedrooms and 26 full baths. This 17,755 square foot home was built in 1915 on a lot size of 0.24.

Rare opportunity to acquire a fully renovated 26-unit brick asset in one of Salem’s most active rental markets. The Property consists of twelve (12) one-bedroom units, six (6) two-bedroom units and eight (8) studios. 233 Lafayette Street offers investors immediate scale, strong in-place income, and a true turnkey profile with major capital improvements already executed. The property has undergone an extensive renovation in 2020, including a new roof, fully upgraded electrical, new boilers and hot water storage and a new sprinkler system. Unit interiors have been upgraded across the board with updated kitchens and baths with 15 of the units featuring in-unit laundry. See attached OM for detailed financials.

Multi-Family Active

Price

^$ 7,995,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 51,331

Style

5+ Family - 5+ Units Up/Down

Lot Size

0.24

Year Built

1915

Town/City

Salem

County/Region

Essex

MLS | Web ID

73494351

List By

Francesca Little

Listing Agent

Little & Co., Realtors®

Broker

Affordability Calculator

$53,504

Per Month

Monthly Principal & Interest: $49,227
Monthly Property Taxes: $4,278
Monthly Home Insurance: --

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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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Trends

Multi-family listings in Salem, MA

Average List Price ^$2,549,478

Percent of Sale Price 68%

About Salem, MA

44,026 Population

9% Since 2002

^$64,141 Median Income

39.51 Median Age

23% Households with Children

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Trends Information provided by ATTOM Data Solutions.

Neighborhood & Schools

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Pricing History

Date	Price	Price Change	Description
4/1/2026	$7,995,000		Listed Price

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233 Lafayette, Salem, MA, 01970 is a Multi-Family Home for sale at $7,995,000 with 17,755 sqft and a lot size of 0.24. 233 Lafayette has 32 bedrooms, 26.0 baths, and was built in 1915. The property's zip code is 01970 which is in Salem, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Data is updated as of 4/14/2026.

The real estate information and related content displayed on this site is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. 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. MLS Property Information Network, Inc. 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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233 Lafayette

Multi-Family Home for sale in Salem, MA

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