19 Nichols Salem, MA ^$ 925,000

19 Nichols

^$ 925,000

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19 Nichols

Salem, MA, 01970

^$ 925,000

Bedrooms9 Baths4.0 Sq 4,420

Monthly Estimate*

^$ 6,389

Multi-Family Home for sale in Salem, MA

for $925,000 with 9 bedrooms and 4 full baths. This 4,420 square foot home was built in 1890 on a lot size of 0.06.

Fantastic opportunity to own a well-maintained, income producing three-family property in desirable Salem! The Property features spacious units and a versatile layout making it ideal for both owner-occupants and investors looking to generate rental income. The first floor offers four (4) bedrooms spanning two levels while the second floor offers three (3) large bedrooms and two (2) full bathrooms. The vacant third-floor unit features two (2) bedrooms, providing the perfect opportunity for an owner-occupant or an investor looking to secure an additional rental stream. The two occupied units currently generate $7,000 in gross monthly rental income including coin op laundry. Heat and hot water are included in the rents. Four off-street parking spaces add even more convenience and value. With generous living spaces, strong existing rental income, and a vacant unit ready for its next chapter, this is an excellent opportunity to invest in Salem's multifamily market.

Multi-Family Active

Price

^$ 925,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 7,797

Style

3 Family

Lot Size

0.06

Year Built

1890

Town/City

Salem

County/Region

Essex

MLS | Web ID

73594996

List By

Francesca Little

Listing Agent

Little & Co., Realtors®

Broker

Affordability Calculator

$7,038

Per Month

Monthly Principal & Interest: $6,389
Monthly Property Taxes: $650
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% 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 ^$1,565,273

Percent of Sale Price 69%

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
10/26/2026	$925,000		Listed Price

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19 Nichols, Salem, MA, 01970 is a Multi-Family Home for sale at $925,000 with 4,420 sqft and a lot size of 0.06. 19 Nichols has 9 bedrooms, 4.0 baths, and was built in 1890. 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 7.375% 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 10/27/2026.

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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19 Nichols

Multi-Family Home for sale in Salem, MA

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