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233 LafayetteSalem, MA 01970

Essex County

$7,699,000List price
32Beds
26Baths
17,744Sq Ft
1915Year built
0.24Acre lot
3Stories
2 weeks agoOn market

Description

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.

Property Information

Property type
Residential Income
Sub-type
Multi Family
Year built
1915
Stories
3
Living area
17,744 Sq Ft
Lot size
0.24 acres
Zoning
B1
Days on market
17
MLS® Listing#
73576567

Property Features

Appliances
Gas Water Heater
Flooring
Wood
Lot features
Other
Construction
Brick
Foundation
Concrete Perimeter
Roof
Rubber
Community
Park
Sewer
Public Sewer
Water source
Public

Financial Details

Annual taxes
$51,331Tax year 2026
Assessed value
$4,256,500
Parcel number
2135113

Directions

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Listing Courtesy: Little & Co., REALTORS® - 9787454447

Presented by: Francesca Little

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting 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, leasing or renting. 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, or as to the accuracy of any of the Images, set forth herein. Copyright ©2026 MLS Property Information Network, Inc. All Rights Reserved.

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