61 Mason St Salem, MA ^$ 649,000

61 Mason St

^$ 649,000

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Open House 10/10 10:30am - 11:30am

61 Mason St

Salem, MA, 01970

^$ 649,000

Bedrooms2 Baths2.0 Sq 1,874

Monthly Estimate*

^$ 4,482

Multi-Family Home for sale in Salem, MA

for $649,000 with 2 bedrooms and 2 full baths. This 1,874 square foot home was built in 1850 on a lot size of 0.13.

Owner occupants, investors, contractors, and developers take notice! 61 Mason Street presents a rare opportunity to own a two-family in a highly convenient Salem location with significant potential to build equity and add value. Live in one unit and offset your mortgage with rental income, while enjoying the benefits of homeownership and long-term investment potential. The existing two-family layout, along with additional space in the attic, provides flexibility for future use or improvements. Investors will also appreciate the opportunity to grow their portfolio and unlock additional value. Ideally situated just a quick walk from vibrant downtown Salem, the commuter rail, waterfront, restaurants, shopping, parks, and museums, while remaining outside the busiest tourist areas. For those looking toward the future, the property was previously approved for a five-unit development plan, offering buyers the opportunity to explore similar redevelopment potential, subject to current approvals and buyer due diligence. Whether you're looking for a home with rental income, an investment property, or a larger development opportunity, 61 Mason Street offers a unique range of possibilities.

Open House

10/10/2026 10:30 AM - 11:30 AM

61 Mason St Salem, MA

* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Multi-Family Active

Price

^$ 649,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 5,445

Style

Multi Family

Lot Size

0.13

Year Built

1850

Town/City

Salem

County/Region

Essex

MLS | Web ID

73588049

List By

Alex Rice

Listing Agent

North Shore Realty Advisors

Broker

Affordability Calculator

$4,936

Per Month

Monthly Principal & Interest: $4,482
Monthly Property Taxes: $454
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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Nearby

Trends

Multi-family listings in Salem, MA

Average List Price ^$1,680,364

Percent of Sale Price 159%

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
10/7/2026	$649,000		Listed Price

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61 Mason St, Salem, MA, 01970 is a Multi-Family Home for sale at $649,000 with 1,874 sqft and a lot size of 0.13. 61 Mason St has 2 bedrooms, 2.0 baths, and was built in 1850. 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 10/8/2026.

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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61 Mason St

Multi-Family Home for sale in Salem, MA

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