Investing in Salem Multi-Family Homes

A live snapshot of the Salem, MA multi-family market — 10 active listings.

Salem is one of Greater Boston's active multi-family markets, with 10 income properties currently for sale at a median price of $1,445,000 and a median estimated cap rate around 4.3%. Whether you're buying your first two- or three-family or expanding a portfolio, the listings below are each scored for investment potential so you can compare deals at a glance.

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◆ 92

$599,000

31 Williams Street, Salem MA 01970

2 units 3 bd3 ba1,863 sqft

Cap rate5.7%

Signal Score92

$/unit$299,500

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◆ 90

$2,550,000

1-7 Prince St & 48-54 Harbor St, Salem MA 01970

8 units 16 bd8 ba6,656 sqft

Cap rate5.4%

Signal Score90

$/unit$318,750

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◆ 85

$4,200,000

8-10 & 5 Porter St Ct & Ropes Portfolio, Salem MA 01970

12 units 34 bd12 ba13,472 sqft

Cap rate4.9%

Signal Score85

$/unit$350,000

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◆ 79

$2,299,900

17-23 Palmer St, Salem MA 01970

6 units 19 bd6 ba7,044 sqft

Cap rate4.5%

Signal Score79

$/unit$383,317

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◆ 77

$1,190,000

24 Dunlap St, Salem MA 01970

3 units 8 bd3 ba2,822 sqft

Cap rate4.3%

Signal Score77

$/unit$396,667

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◆ 75

$825,000

23-25 Putnam St, Salem MA 01970

2 units 4 bd4 ba2,081 sqft

Cap rate4.2%

Signal Score75

$/unit$412,500

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◆ 70

$899,000

11 Barton St, Salem MA 01970

2 units 5 bd3 ba2,160 sqft

Cap rate3.8%

Signal Score70

$/unit$449,500

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$919,900

6-8 Harmony St, Salem MA 01970

2 units 4 bd3 ba3,162 sqft

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◆ 46

$1,700,000

18 Balcomb Street, Salem MA 01970

2 units 8 bd6 ba4,310 sqft

Cap rate2.0%

Signal Score46

$/unit$850,000

Prices in Salem currently run from $599,000 to $4,200,000, or about $404,583 per unit at the median. Multi-family inventory moves quickly when the numbers work, so save a search to get alerted the moment a new Salem deal hits the market — or open any listing and run your own numbers in the property analyzer.