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INVESTMENT SNAPSHOT
About this property
Turnkey 4-unit investment opportunity in Salem perfect for investor or owner occupant. The Property consists four (4) 2-bedroom units, along with 5 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 newer roof, and new insulation in attic 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.
Property details
| Units | 4 |
| Living area | 3,328 sqft |
| Lot size | 4,870 sqft |
| Year built | 1960 |
| Price / sqft | $383 |
| County | Essex |
| MLS # | 73570004 |
Listing status
| Days on market | 0 days |
| Listed on | August 31, 2026 |
Taxes & financials
| Annual property tax | $8,120 |
| Tax year | 2025 |
| Assessed value | $1,432,100 |
| Zoning | R3 |
| Gross income (actual) | $108,600/yr |
| Net operating income (actual) | $74,622/yr |
| Total actual rent | $9,050/mo |
| Electric expense | $504/yr |
| Insurance expense | $3,000/yr |
Building & lot
| Stories | 4 |
| Total rooms | 16 |
| Lot size | 0.11 acres |
| Garage spaces | 0 |
| Parking spaces | 5 |
| Parking | Off Street |
| Basement | Full, Concrete |
| Foundation | Concrete Perimeter |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Wood |
Utilities & systems
| Heating | Oil |
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Salem →
Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 1-7 Prince, Salem MA 01970 have?
It is a 4-unit multi-family property with 3,328 sqft of living area, built in 1960.
How long has 1-7 Prince, Salem MA 01970 been on the market?
1-7 Prince, Salem MA 01970 has been listed for 0 days (since August 31, 2026).
What is the price per unit?
At a list price of $1,275,000 across 4 units, that works out to roughly $318,750 per unit.
What are the property taxes on 1-7 Prince, Salem MA 01970?
Annual property taxes are $8,120 (2025), on an assessed value of $1,432,100.
What is the price per square foot?
At $1,275,000 for 3,328 sqft, that's about $383 per square foot.
Is there parking?
5 total parking spaces (off street).
Where is this property located?
1-7 Prince, Salem MA 01970 is in Salem, Essex County, MA 01970.
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