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.
- Basement:
- Finished
- Construction:
- Brick
- Flooring:
- Wood
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure
- Garage Parking
- Lead Paint:
- Unknown
- Market Time:
- 4
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $450
- Zoning:
- B1
- No Units:
- 26
- Orig Price:
- $7,995,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Salem
- State:
- MA
- County:
- Essex
- Postal Code:
- 01970
- Longitude:
- W71° 6' 30.3''
- Latitude:
- N42° 30' 41.7''
Residential Income
233 Lafayette, Salem, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $7,995,000
- Bedrooms :
- 32
- Rooms :
- 62
- Total Bathrooms :
- 26
- Full Bathrooms :
- 26
- Square Footage :
- 17,755 Sqft
- Year Built :
- 1915
- Lot Area :
- 0.24 Acre
- Listing ID :
- 73494351
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
