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$2,650,000
New Listing

1-7 Prince St & 48-54 Harbor St
Salem, MA 01970

For Sale|Multi Family|Active
16
Beds
8
Total Baths
8
Full Baths
6,656
SqFt
$398
/SqFt
1960
Built
County:
Essex
Call Now: 401-323-8292
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401-323-8292
1-7 Prince St & 48-54 Harbor St1-7 Prince St & 48-54 Harbor St1-7 Prince St & 48-54 Harbor St1-7 Prince St & 48-54 Harbor St
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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.

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Listing Snapshot
Price 
$2,650,000
Days On Site 
0 Days
Bedrooms 
16
Inside Area (SqFt) 
6,656 sqft
Total Baths 
8
Full Baths 
8
Partial Baths 
N/A
Lot Size 
0.22 Acres
Year Built 
1960
MLS® Number 
73490150
Status 
Active
Property Tax 
$16,240
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
10 hours agoListing updated with changes from the MLS®
10 hours agoListing first seen on site
General Features
Acres 
0.22
Disclosures 
Buyers to do their own due diligence to verify income and expenses.
Foundation 
Concrete Perimeter
Number Of Stories 
2
Parking 
Off Street
Parking Spaces 
10
Property Sub Type 
Multi Family
Sewer 
Public Sewer
SqFt Above 
6656
SqFt Total 
6656
Water Source 
Public
Zoning 
R3
Interior Features
Basement 
FullInterior Entry
Electric 
200+ Amp Service
Flooring 
Wood
Heating 
Oil
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Exterior Features
Construction Details 
Frame
Lot Features 
Corner Lot
Roof 
Shingle
Listing courtesy of Francesca Little of Little & Co., REALTORS®



The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting 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, leasing or renting. 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, or as to the accuracy of any of the Images, set forth herein.

Last checked 2026-03-23 10:14 PM UTC

Neighborhood & Commute
Source: Walkscore
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