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Properties

  • 1-7 Prince St & 48-54 Harbor St, Salem, Massachusetts, 16 Bedrooms Bedrooms, 32 Rooms Rooms,8 BathroomsBathrooms,Residential Income,For Sale,Prince St & 48-54 Harbor St,73490150
  • 1-7 Prince St & 48-54 Harbor St, Salem, Massachusetts, 16 Bedrooms Bedrooms, 32 Rooms Rooms,8 BathroomsBathrooms,Residential Income,For Sale,Prince St & 48-54 Harbor St,73490150
  • 1-7 Prince St & 48-54 Harbor St, Salem, Massachusetts, 16 Bedrooms Bedrooms, 32 Rooms Rooms,8 BathroomsBathrooms,Residential Income,For Sale,Prince St & 48-54 Harbor St,73490150
  • 1-7 Prince St & 48-54 Harbor St, Salem, Massachusetts, 16 Bedrooms Bedrooms, 32 Rooms Rooms,8 BathroomsBathrooms,Residential Income,For Sale,Prince St & 48-54 Harbor St,73490150
  • 1-7 Prince St & 48-54 Harbor St, Salem, Massachusetts, 16 Bedrooms Bedrooms, 32 Rooms Rooms,8 BathroomsBathrooms,Residential Income,For Sale,Prince St & 48-54 Harbor St,73490150
  • 1-7 Prince St & 48-54 Harbor St, Salem, Massachusetts, 16 Bedrooms Bedrooms, 32 Rooms Rooms,8 BathroomsBathrooms,Residential Income,For Sale,Prince St & 48-54 Harbor St,73490150
  • 1-7 Prince St & 48-54 Harbor St, Salem, Massachusetts, 16 Bedrooms Bedrooms, 32 Rooms Rooms,8 BathroomsBathrooms,Residential Income,For Sale,Prince St & 48-54 Harbor St,73490150
  • 1-7 Prince St & 48-54 Harbor St, Salem, Massachusetts, 16 Bedrooms Bedrooms, 32 Rooms Rooms,8 BathroomsBathrooms,Residential Income,For Sale,Prince St & 48-54 Harbor St,73490150
  • 1-7 Prince St & 48-54 Harbor St, Salem, Massachusetts, 16 Bedrooms Bedrooms, 32 Rooms Rooms,8 BathroomsBathrooms,Residential Income,For Sale,Prince St & 48-54 Harbor St,73490150
  • 1-7 Prince St & 48-54 Harbor St, Salem, Massachusetts, 16 Bedrooms Bedrooms, 32 Rooms Rooms,8 BathroomsBathrooms,Residential Income,For Sale,Prince St & 48-54 Harbor St,73490150
  • 1-7 Prince St & 48-54 Harbor St, Salem, Massachusetts, 16 Bedrooms Bedrooms, 32 Rooms Rooms,8 BathroomsBathrooms,Residential Income,For Sale,Prince St & 48-54 Harbor St,73490150
  • 1-7 Prince St & 48-54 Harbor St, Salem, Massachusetts, 16 Bedrooms Bedrooms, 32 Rooms Rooms,8 BathroomsBathrooms,Residential Income,For Sale,Prince St & 48-54 Harbor St,73490150
  • 1-7 Prince St & 48-54 Harbor St, Salem, Massachusetts, 16 Bedrooms Bedrooms, 32 Rooms Rooms,8 BathroomsBathrooms,Residential Income,For Sale,Prince St & 48-54 Harbor St,73490150
  • 1-7 Prince St & 48-54 Harbor St, Salem, Massachusetts, 16 Bedrooms Bedrooms, 32 Rooms Rooms,8 BathroomsBathrooms,Residential Income,For Sale,Prince St & 48-54 Harbor St,73490150
  • 1-7 Prince St & 48-54 Harbor St, Salem, Massachusetts, 16 Bedrooms Bedrooms, 32 Rooms Rooms,8 BathroomsBathrooms,Residential Income,For Sale,Prince St & 48-54 Harbor St,73490150
  • 1-7 Prince St & 48-54 Harbor St, Salem, Massachusetts, 16 Bedrooms Bedrooms, 32 Rooms Rooms,8 BathroomsBathrooms,Residential Income,For Sale,Prince St & 48-54 Harbor St,73490150
  • 1-7 Prince St & 48-54 Harbor St, Salem, Massachusetts, 16 Bedrooms Bedrooms, 32 Rooms Rooms,8 BathroomsBathrooms,Residential Income,For Sale,Prince St & 48-54 Harbor St,73490150
  • 1-7 Prince St & 48-54 Harbor St, Salem, Massachusetts, 16 Bedrooms Bedrooms, 32 Rooms Rooms,8 BathroomsBathrooms,Residential Income,For Sale,Prince St & 48-54 Harbor St,73490150
  • 1-7 Prince St & 48-54 Harbor St, Salem, Massachusetts, 16 Bedrooms Bedrooms, 32 Rooms Rooms,8 BathroomsBathrooms,Residential Income,For Sale,Prince St & 48-54 Harbor St,73490150
  • 1-7 Prince St & 48-54 Harbor St, Salem, Massachusetts, 16 Bedrooms Bedrooms, 32 Rooms Rooms,8 BathroomsBathrooms,Residential Income,For Sale,Prince St & 48-54 Harbor St,73490150
  • 1-7 Prince St & 48-54 Harbor St, Salem, Massachusetts, 16 Bedrooms Bedrooms, 32 Rooms Rooms,8 BathroomsBathrooms,Residential Income,For Sale,Prince St & 48-54 Harbor St,73490150
  • 1-7 Prince St & 48-54 Harbor St, Salem, Massachusetts, 16 Bedrooms Bedrooms, 32 Rooms Rooms,8 BathroomsBathrooms,Residential Income,For Sale,Prince St & 48-54 Harbor St,73490150
  • 1-7 Prince St & 48-54 Harbor St, Salem, Massachusetts, 16 Bedrooms Bedrooms, 32 Rooms Rooms,8 BathroomsBathrooms,Residential Income,For Sale,Prince St & 48-54 Harbor St,73490150
  • 1-7 Prince St & 48-54 Harbor St, Salem, Massachusetts, 16 Bedrooms Bedrooms, 32 Rooms Rooms,8 BathroomsBathrooms,Residential Income,For Sale,Prince St & 48-54 Harbor St,73490150
  • 1-7 Prince St & 48-54 Harbor St, Salem, Massachusetts, 16 Bedrooms Bedrooms, 32 Rooms Rooms,8 BathroomsBathrooms,Residential Income,For Sale,Prince St & 48-54 Harbor St,73490150
  • 1-7 Prince St & 48-54 Harbor St, Salem, Massachusetts, 16 Bedrooms Bedrooms, 32 Rooms Rooms,8 BathroomsBathrooms,Residential Income,For Sale,Prince St & 48-54 Harbor St,73490150
  • 1-7 Prince St & 48-54 Harbor St, Salem, Massachusetts, 16 Bedrooms Bedrooms, 32 Rooms Rooms,8 BathroomsBathrooms,Residential Income,For Sale,Prince St & 48-54 Harbor St,73490150
Property Description

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.

Features
Heating System:
Oil
Basement:
Full, Interior Entry
Parking:
Off Street
Construction:
Frame
Flooring:
Wood
Sewer:
Public Sewer
Water:
Public
Disclosure
Electric Feature:
200+ Amp Service
Garage Parking
Lead Paint:
Unknown
Rent Fee Includes:
Unit 2(heat, Hot Water), Unit 1(heat
Additional Information
Market Time:
4
Parking Spaces:
10
Tax Year:
2025
Status:
Active
Price Per Sqft:
$398
Zoning:
R3
No Units:
8
Orig Price:
$2,650,000
LEASE:
Yes
Waterfront:
No
MlsStatus:
Active
Address Map
City:
Salem
State:
MA
County:
Essex
Postal Code:
01970
Longitude:
W71° 6' 34.8''
Latitude:
N42° 31' 3''
  • Google Map

Residential Income

1-7 Prince St & 48-54 Harbor St, Salem, Massachusetts

16 Bedrooms
8 Total Bathrooms
6,656 Sqft
$2,650,000
Listing ID #73490150
Basic Details
Property Type :
Residential Income
Listing Type :
For Sale
Price :
$2,650,000
Bedrooms :
16
Rooms :
32
Total Bathrooms :
8
Full Bathrooms :
8
Square Footage :
6,656 Sqft
Year Built :
1960
Lot Area :
0.22 Acre
Listing ID :
73490150
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Agent info
Robb Enterprises
  • Stephen E. Robb
  • View website
  • 617-212-0251
  • srobb@robbenterprises.com

Contact Agent

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

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