1-7 Prince St & 48-54 Harbor St
Salem, MA 01970
16
Bed
8
Bath
6,656Sqft
0.22Acre(Lot)
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.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bathroom Information
Total Baths: 8 Full Baths: 8Room Information
Total Bedroom: 16 -
Flooring Information
Wood -
Roofing Information
Shingle -
Interior Features
Roof: Shingle -
Heating & Cooling
Heating: Oil WaterSource: Public
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Building Information
Year Built: 1960 Construction Materials: Frame Basement: Full, Interior Entry -
Exterior Features
Foundation Details: Concrete Perimeter
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Lot Information
Lot Description: Corner Lot Lot Size Area: 0.22 Lot Size Units: Acres Lot Square Feet: 9,740 Lot Acres: 0.22 Stories: 2 Main Square Feet: 0.22Property Information
Property Type: Residential Income Sub Type: 5-9 FamilySQ ft (Living Area): 6,656
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Listing Price Information
Original Listing Price: $2650000
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Tax Information
Annual Tax: $16240
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Parking Information
Parking Total: 10 Off Street
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Location Information
Direction: Please use GPS
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 4 Winter Island Rd, Salem, MA, 01970 | $954,900 | 3 | 2 | 1,831 | 1,831 SqFt |
| 55 Perkins St, Salem, MA, 01970 | $775,000 | 2 | 1 | 1,925 | 1,925 SqFt |
| 19 Palmer St, Salem, MA, 01970 | $2,099,900 | 19 | 6 | 7,044 | 7,044 SqFt |
| 4 Waite St, Salem, MA, 01970 | $539,900 | 2 | 1 | 1,152 | 1,152 SqFt |
| 17 Osgood St, Salem, MA, 01970 | $589,900 | 3 | 2 | 1,320 | 1,320 SqFt |
| 11 Adams St, Salem, MA, 01970 | $749,900 | 3 | 2 | 2,341 | 2,341 SqFt |
| 20 Winter St, Salem, MA, 01970 | $1,450,000 | 4 | 3 | 3,417 | 3,417 SqFt |
| 7 1/2 Pleasant St, Salem, MA, 01970 | $849,900 | 4 | 3 | 1,845 | 1,845 SqFt |
| 7 Cedarcrest Rd, Salem, MA, 01970 | $765,000 | 3 | 2 | 1,711 | 1,711 SqFt |
| 8-10 & 5 Porter St Ct &.., Salem, MA, 01970 | $4,200,000 | 34 | 12 | 13,472 | 13,472 SqFt |
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ByOwner last updated this listing 06/23/2026 @ 07:20
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