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.
Listed by Herrick Lutts Realty Partners
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Herrick Lutts Realty Partners
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978-927-1959
Listed by Nicholas Zolotas
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Herrick Lutts Realty Partners
Last updated August 11, 2025
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Source: MLSPin #73404047
Listing Facts
TypeMulti-family
NeighborhoodNorth Salem
Bedrooms8
Bathrooms3
Days on Prevu54
Taxes$9,763/year
Size4,250 sqft
Price per sqft$255
Amenities
Private Outdoor Space
Parking
Location
Mortgage Calculator
Listing History
08/07/2025
Price Decreased
$1,085,000
07/14/2025
Listed by Herrick Lutts Realty Partners
$1,100,000
Property Details for 144 North St
Exterior
Construction
Number Of Units Total: 3
Stories: 3
Stories Total: 3
Year Built: 1900
Year Built Details: Approximate
Exterior Features: Balcony/Deck
Features
Patio And Porch Features: Deck
Road Frontage Type: Public
Measurements
Building Area Total: 4,250
Building Area Units: Square Feet
Lot Size Acres: 0.10
Lot Size Area: 0
Lot Size Square Feet: 4,238
Lot Size Units: Acres
Financial
Residential Income
Gross Income: $60,000.00
Taxes
Parcel Number: M:27 L:0249,2133227
Tax Annual Amount: $9,763.00
Tax Assessed Value: $860,900.00
Tax Year: 2025
Interior
Features
Fireplace: Yes
Fireplaces Total: 2
Flooring: Wood, Tile
Interior Features: Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen, Office/Den
Measurements
Living Area: 4,250
Living Area Source: Public Record
Rooms
Basement: Full, Interior Entry, Concrete
Bathrooms Full: 3
Bathrooms Total Integer: 3
Bedrooms Total: 8
Rooms Total: 15
Parking
Parking
Open Parking: Yes
Parking Features: Paved Drive, Shared Driveway
Parking Total: 3
Utilities
Equipment
Electric: Circuit Breakers, Individually Metered
Heating: Forced Air
Has Heating: Yes
Sewer: Public Sewer
Water Source: Public
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