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233 LafayetteSalem, MA 01970

For Sale

$7,995,000

Smart Buyer Rebate $39,975

Rare opportunity to acquire a fully renovated 26-unit brick asset in one of Salem’s most active rental markets. The Property consists of twelve (12) one-bedroom units, six (6) two-bedroom units and eight (8) studios. 233 Lafayette Street offers investors immediate scale, strong in-place income, and a true turnkey profile with major capital improvements already executed. The property has undergone an extensive renovation in 2020, including a new roof, fully upgraded electrical, new boilers and hot water storage and a new sprinkler system. Unit interiors have been upgraded across the board with updated kitchens and baths with 15 of the units featuring in-unit laundry. See attached OM for detailed financials.

Listed by Francesca Little

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Little & Co., REALTORS®

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978-973-7277

Last updated April 05, 2026

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Source: MLSPin #73494351

Listing Facts

  • TypeMulti-family
  • NeighborhoodSouth Salem
  • Bedrooms32
  • Bathrooms26
  • Days on Prevu29
  • Taxes$51,331/year
  • Size17,755 sqft
  • Price per sqft$450

Amenities

  • Parking

Location

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Listing History

04/01/2026
Listed by Little & Co., REALTORS®
$7,995,000

Property Details for 233 Lafayette

Association

Amenities

  • Community Features: Public Transportation, Park, Medical Facility, Highway Access, House Of Worship, T-Station, University

Exterior

Construction

  • Number Of Units Total: 26
  • Roof: Rubber
  • Stories: 3
  • Stories Total: 3
  • Year Built: 1915
  • Year Built Details: Approximate
  • Construction Materials: Brick

Measurements

  • Building Area Total: 17,755
  • Building Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.24
  • Lot Size Area: 0
  • Lot Size Square Feet: 10,359
  • Lot Size Units: Acres

Financial

Residential Income

  • Gross Income: $692,640.00
  • Operating Expense: $180,643.00

Taxes

  • Parcel Number: 2135113
  • Tax Annual Amount: $51,331.00
  • Tax Assessed Value: $4,256,500.00
  • Tax Year: 2025

Interior

Features

  • Flooring: Wood

Measurements

  • Living Area: 17,755
  • Living Area Source: Public Record

Rooms

  • Basement: Finished
  • Bathrooms Full: 26
  • Bathrooms Total Integer: 26
  • Bedrooms Total: 32
  • Rooms Total: 62

Utilities

Equipment

  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

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

There are 32 bedrooms and 26 bathrooms in this multi-family home at 233 Lafayette.

What are the annual taxes for 233 Lafayette?

Annual taxes for this multi-family home are estimated at $51,331.

How does 233 Lafayette compare to other multi-family homes in South Salem?

This multi-family home is listed 308% above the average price for multi-family homes in South Salem and has been on the market for 10 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 17,755 sqft.

233 Lafayette is a 32-bedroom, 26-bath multi-family home for sale in Salem MA 01970. Listed on Prevu for 29 days at $7,995,000. This home features 17,755 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. Browse 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.