14 Lathrop Street, Salem, MA 01970
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$779,900
2 Unit
5 Beds
3 Baths
1912 SQFT
0.05 Acre

Property Description

Just steps to Salem's burgeoning waterfront and bustling downtown, this two-family home in an ultra-desirable location is perfect for investors and home owners alike. Close to Downtown Salem, Salem State University, Collins Cove & more, this two family home offers recently updated units, complete with new kitchens and baths. Minutes to Salem's MBTA Commuter Rail Station with easy access to Boston. Property is completely turn key with stainless steel appliances, updated counters and cabinets and washers & dryers. Unit 1 is a 2 bedroom and 1 bath. Unit 2 is a two-level, townhouse/loft style unit with 3 bedrooms and 1.5 bath. Property to be delivered vacant but, was bringing in $6,000 a month in rent! Fully insulated through the Mass Save program. Plenty of off-street parking and a spacious back patio. All offers, if any, are due on Monday 11/24 by 5pm. Please allow for 24 hours for response. First showing at Open House Saturday 11/22 from 11-1pm and Sunday 11/23 from 11-12:30pm

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 5
  • Total Full Baths: 2
  • Total Half Baths: 1
  • Amenities: Bike Path, Conservation Area, Golf Course, Highway Access, House of Worship, Laundromat, Marina, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool, T-Station, Tennis Court, University, Walk/Jog Trails
  • Basement Features: Interior Access, Unfinished Basement, Walk Out
  • Common Rooms: Kitchen, Living Room, Loft, Office/Den
  • Common Interior Features: Bathroom with Shower Stall, Internet Available - Unknown, Programmable Thermostat, Stone/Granite/Solid Counters, Upgraded Cabinets, Upgraded Countertops
  • Common Appliances: Dishwasher, Disposal, Dryer, Dryer Hookup, Microwave, Range, Refrigerator, Washer, Washer Hookup
  • Common Heating: Electric, Extra Flue, Forced Air, Forced Air, Gas, Heat Pump, Oil, Space Heater

Financial

  • APOD Available: No
  • Gross Operating Income: 72000
  • Net Operating Income: 72000

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Energy Features: Insulated Doors, Insulated Windows, Prog. Thermostat
  • Utility Connections: Washer Hookup, for Electric Dryer, for Gas Range
  • 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: 2

Construction

  • Year Built: 1850
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73455967
  • Last Updated: 11/20/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
11/18/2025New$779,900$408MLSPIN
11/17/2023Sold$350,000$186MLSPIN
10/26/2023Under Agreement$450,000$239MLSPIN
08/24/2023Active$450,000$239MLSPIN
08/20/2023New$450,000$239MLSPIN

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Seller's Representative: Edward Deveau, Century 21 Mario Real Estate
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 2025-11-20 13:35:00