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

For Sale

$2,650,000

Smart Buyer Rebate $13,250

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.

Listed by Francesca Little

·

Little & Co., REALTORS®

·

978-973-7277

Last updated March 27, 2026

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Source: MLSPin #73490150

Listing Facts

  • TypeMulti-family
  • NeighborhoodSouth Salem
  • Bedrooms16
  • Bathrooms8
  • Days on Prevu38
  • Taxes$16,240/year
  • Size6,656 sqft
  • Price per sqft$398

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

03/23/2026
Listed by Little & Co., REALTORS®
$2,650,000

Property Details for 1-7 Prince St & 48-54 Harbor St

Association

Amenities

  • Community Features: Public Transportation

Exterior

Construction

  • Number Of Units Total: 8
  • Roof: Shingle
  • Stories: 2
  • Stories Total: 2
  • Year Built: 1960
  • Year Built Details: Approximate
  • Construction Materials: Frame

Features

  • Road Frontage Type: Public

Measurements

  • Building Area Total: 6,656
  • Building Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.22
  • Lot Size Area: 0
  • Lot Size Square Feet: 9,740
  • Lot Size Units: Acres

Financial

Residential Income

  • Gross Income: $226,800.00
  • Operating Expense: $64,267.00

Taxes

  • Tax Annual Amount: $16,240.00
  • Tax Assessed Value: $1,432,100.00
  • Tax Year: 2025

Interior

Features

  • Flooring: Wood

Measurements

  • Living Area: 6,656
  • Living Area Source: Public Record

Rooms

  • Basement: Full, Interior Entry
  • Bathrooms Full: 8
  • Bathrooms Total Integer: 8
  • Bedrooms Total: 16
  • Rooms Total: 32

Parking

Parking

  • Open Parking Spaces: 10
  • Parking Features: Off Street
  • Parking Total: 10

Utilities

Equipment

  • Electric: 200+ Amp Service
  • Heating: Oil
  • Has Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this multi-family home have?

There are 16 bedrooms and 8 bathrooms in this multi-family home at 1-7 Prince St & 48-54 Harbor St.

Does this multi-family home have parking?

Yes, there are 10 parking spaces available for 1-7 Prince St & 48-54 Harbor St.

What are the annual taxes for 1-7 Prince St & 48-54 Harbor St?

Annual taxes for this multi-family home are estimated at $16,240.

How does 1-7 Prince St & 48-54 Harbor St compare to other multi-family homes in South Salem?

This multi-family home is listed 35% above the average price for multi-family homes in South Salem and has been on the market for 19 more days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 6,656 sqft.

1-7 Prince St & 48-54 Harbor St is a 16-bedroom, 8-bath multi-family home for sale in Salem MA 01970. On Prevu for 38 days at $2,650,000. This residence features 6,656 square feet of living space, located in South Salem. The median listing price for multi-family homes in this area is $594,950. The home offers parking. Explore more multi-family home listings in Salem.

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.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.