233 Lafayette, Salem, MA 01970

Salem
Local realty services provided by:ERA Key Realty Services
233 Lafayette,Salem, MA 01970
$7,995,000
  • 32 Beds
  • 26 Baths
  • 17,755 sq. ft.
  • Multi-family
  • Active
Listed by: francesca little, francesca little
Office: little & co., realtors®
MLS#:73494351
Source:MLSPIN

Price summary

  • Price:$7,995,000
  • Price per sq. ft.:$450.3

About this home

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.

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Home facts

  • Year built:1915
  • Listing ID #:73494351
  • Updated:April 29, 2026 at 10:36 AM

Rooms and interior

  • Bedrooms:32
  • Total bathrooms:26
  • Full bathrooms:26
  • Rooms Total:62
  • Flooring:Wood
  • Basement Description:Finished
  • Living area:17,755 sq. ft.

Structure and exterior

  • Roof:Rubber
  • Year built:1915
  • Building area:17,755 sq. ft.
  • Lot area:0.24 Acres
  • Construction Materials:Brick
  • Foundation Description:Concrete Perimeter

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$7,995,000
  • Price per sq. ft.:$450.3
  • Tax amount:$51,331 (2025)
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 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 or leasing 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 or leasing. 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.

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