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249 Loring AveSalem, MA 01970

For Sale

$999,999

Smart Buyer Rebate $5,000

Great investment or owner occupied opportunity! Two oversized two-level apartments in a highly desired area of Salem. Property located close to Swampscott Line and Salem State University. Each apartment includes three bedrooms, living room, dining room, office, kitchen, three full bathrooms, hallway. Second floor has a similar floor plan. Both with hardwood floors. Recent updates: house painted outside and inside, 2 new separate gas heating systems, 5 car parking plus 2 garages. All separate utilities.

Listed by Alexander Barmin

·

Averbuch Realty

·

781-248-8236

Last updated July 25, 2026

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Source: MLSPin #73542504

Listing Facts

  • TypeMulti-family
  • NeighborhoodSouth Salem
  • Bedrooms6
  • Bathrooms6
  • Days on Prevu35
  • Taxes$10,188/year
  • Size3,342 sqft
  • Price per sqft$299

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

07/21/2026
Price Decreased
$999,999
06/26/2026
Listed by Averbuch Realty
$1,050,000

Property Details for 249 Loring Ave

Exterior

Construction

  • Number Of Units Total: 2
  • Stories: 4
  • Stories Total: 4
  • Year Built: 1930
  • Year Built Details: Actual

Measurements

  • Building Area Total: 3,342
  • Building Area Units: Square Feet
  • Lot Size Acres: 0.13
  • Lot Size Area: 0
  • Lot Size Square Feet: 5,606
  • Lot Size Units: Acres

Financial

Residential Income

  • Gross Income: $87,600.00

Taxes

  • Parcel Number: 2133882
  • Tax Annual Amount: $10,188.00
  • Tax Assessed Value: $936,800.00
  • Tax Year: 2026

Interior

Measurements

  • Living Area: 3,342
  • Living Area Source: Public Record

Rooms

  • Bathrooms Full: 6
  • Bathrooms Total Integer: 6
  • Bedrooms Total: 6
  • Rooms Total: 16

Parking

Parking

  • Covered Spaces: 2
  • Garage Spaces: 2
  • Garage: Yes
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Parking Features: Paved Drive
  • Parking Total: 8

Utilities

Equipment

  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

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

There are 6 bedrooms and 6 bathrooms in this multi-family home at 249 Loring Ave.

Does this multi-family home have parking?

Yes, there are 2 parking spaces available for 249 Loring Ave.

What are the annual taxes for 249 Loring Ave?

Annual taxes for this multi-family home are estimated at $10,188.

How does 249 Loring Ave compare to other multi-family homes in South Salem?

This multi-family home is listed 47% below the average price for multi-family homes in South Salem and has been on the market for 7 less 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 3,342 sqft.

249 Loring Ave is a 6-bedroom, 6-bath multi-family home for sale in Salem MA 01970. Listed on Prevu for 35 days at $999,999. This includes a recent price decrease of $50,001. This property features 3,342 square feet of living space, located in South Salem. The median listing price for multi-family homes in this area is $624,500. Property amenities include 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.