144 North St, Salem, MA 01970
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$1,100,000
3 Unit
8 Beds
3 Baths
4250 SQFT
0.10 Acre

Property Description

Don’t miss this outstanding opportunity to own a spacious 3-family property in vibrant Salem, just a short distance from the commuter rail at Salem Station. Offering approximately 4,250 square feet of living space across three levels, the building features a total of 8 bedrooms and 3 bathrooms—an ideal setup for maximizing rental income or creating an owner-occupied investment. Each unit offers generous floor plans with flexible living arrangements, while the property includes three off-street parking spaces conveniently located behind the building. With one unit currently vacant, new owners have the flexibility to set market rents, occupy a unit themselves, or customize it to their vision. Perfectly positioned close to downtown shops, restaurants, museums, and all that historic Salem has to offer, this is a rare chance to acquire a substantial multi-family asset in a high-demand rental market. A must-see for investors and owner-occupants alike.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 8
  • Total Full Baths: 3
  • Total Fireplaces: 2
  • Basement Features: Concrete Floor, Full, Interior Access
  • Common Rooms: Dining Room, Kitchen, Living Room, Office/Den
  • Common Interior Features: Bathroom With Tub & Shower, Tile Floor
  • Common Heating: Forced Air, Oil

Financial

  • APOD Available: No
  • Gross Operating Income: 60000
  • Net Operating Income: 60000

Utilities

  • Electric Info: Circuit Breakers, Individually Metered, Underground
  • 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: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 3 Family
  • Foundation Info: Granite
  • Flooring Type: Tile, Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73404047
  • Last Updated: 07/18/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
07/18/2025Active$1,100,000$259MLSPIN
07/14/2025New$1,100,000$259MLSPIN

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Seller's Representative: Herrick Lutts Realty Partners, Herrick Lutts Realty Partners
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-07-18 03:05:00