23 Park St, Salem, MA 01970
View Map
$725,000
2 Unit
6 Beds
2 Baths
1940 SQFT
0.03 Acre

Property Description

The property at 23 Park Street in Salem, MA, is a well-maintained two-family home built in 1915, offering approximately 1,940 square feet of living space across 12 rooms. The building features two distinct units: the first-floor unit includes a spacious 2-bedroom, 1-bath layout with an eat-in kitchen, a remodeled bathroom, gas heating, and a high-efficiency tankless water heater. Unit 1 has also been freshly painted and updated, making it move-in ready. The second unit spans two floors, includes four bedrooms, and is currently rented for $2,400 per month—providing a strong income stream for investors or owner-occupants. Each unit has separate utilities, further enhancing the property's investment potential. Located in South Salem near Salem State University and downtown, the home offers convenient access to public transportation, shopping, Forest River Park, and the city’s historic waterfront—all within a highly walkable neighborhood.

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 6
  • Total Full Baths: 2

Financial

  • APOD Available: No
  • Gross Operating Income: 28800
  • Net Operating Income: 28800

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2

Construction

  • Year Built: 1915
  • Foundation Info: Concrete Block
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73367902
  • Last Updated: 05/01/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
05/01/2025New$725,000$374MLSPIN

Mortgage Calculator

View Breakdown

Map

Seller's Representative: Scott Martin, Martin Property Management
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

© 2025 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information 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 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 set forth herein.

MLS PIN data last updated at 2025-05-01 10:06:00

Related Properties