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$725,000
Est. payment /mo
6 Beds
2 Baths
1,940 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,940 sqft
Price per Sqft $373
MLS Listing ID 73367902
Bedrooms 6
Full Baths 2
Year Built 1915
Annual Tax Amount $6,740
Tax Year 2025
Lot Size 1,306 Sqft
Acres 0.03
Property Sub-Type Multi Family
Property Description
The property at 23 Park Street in Salem, MA, is a well-maintained two-family home built in 1915, offering approximately 1,940 square feet of living space across 12 rooms. The building features two distinct units: the first-floor unit includes a spacious 2-bedroom, 1-bath layout with an eat-in kitchen, a remodeled bathroom, gas heating, and a high-efficiency tankless water heater. Unit 1 has also been freshly painted and updated, making it move-in ready. The second unit spans two floors, includes four bedrooms, and is currently rented for $2,400 per month—providing a strong income stream for investors or owner-occupants. Each unit has separate utilities, further enhancing the property's investment potential. Located in South Salem near Salem State University and downtown, the home offers convenient access to public transportation, shopping, Forest River Park, and the city's historic waterfront—all within a highly walkable neighborhood.
Location
State MA
County Essex
Zoning R3
Direction USE GPS
Exterior
Garage No
Building
Lot Description Corner Lot
Story 3
Foundation Block
Sewer Public Sewer
Water Public
Others
Senior Community false
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Listed by Martin Property Management
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Mari Sennott Plus
Team "Mari Sennott Plus" | License ID: 9030529
Team "Mari Sennott Plus" License ID: 9030529