1-7 Prince, Salem, MA 01970
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$1,275,000
4 Unit
8 Beds
4 Baths
3400 SQFT
0.11 Acre

Property Description

Turnkey 4-unit investment opportunity in Salem perfect for investor or owner occupant. The Property consists four (4) 2-bedroom units, along with 5 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 newer roof, and new insulation in attic 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 tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 4
  • Total Bedrooms: 8
  • Total Full Baths: 4
  • Amenities: Highway Access, House of Worship, Park, Public Transportation, T-Station
  • Basement Features: Concrete Floor, Full
  • Common Heating: Electric Baseboard, Oil, Radiant

Financial

  • APOD Available: No
  • Expenses Source: Owner Provided
  • Gross Operating Income: 108600
  • Gross Expenses: 29568
  • Electric Expenses: 504
  • Water/Sewer: 3864
  • INSC: 3000
  • RFS: 1236
  • Net Operating Income: 74622

Utilities

  • Electric Info: 200 Amps
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Heat, Hot Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Heat, Hot Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Included in Rent: Heat, Hot Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Included in Rent: Heat, Hot Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1960
  • Type: 4 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73570004
  • Last Updated: 09/04/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/04/2026Active$1,275,000$375MLSPIN
08/31/2026New$1,275,000$375MLSPIN

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Seller's Representative: Francesca Little, Little & Co., REALTORS®
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 2026-09-04 03:05:00

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