$1,299,000

Estimated payment $7,763/month

9 Beds
4 Baths
4,166 Sq Ft
$312 Price per Sq Ft

Highlights

  • Marina
  • Property is near a beach
  • 2 Fireplaces
  • Medical Services
  • Property is near public transit and schools
  • 4-minute walk to Gonyea Park

About This Home

Opportunity knocks at 8 Saunders Street in Salem! This well-maintained four-unit multifamily property offers an ideal investment opportunity in one of Salem's most desirable locations. The building consists of three spacious 2-bedroom units and one 3-bedroom unit, providing a strong and versatile rental mix. If you're looking to expand your investment portfolio this property offers tremendous potential. Conveniently located near downtown Salem's shops, restaurants, commuter rail, and waterfront attractions, tenants will appreciate the accessibility and vibrant neighborhood amenities. Multifamily opportunities of this size and configuration are hard to come by in today's market—don't miss your chance to own a valuable asset in historic Salem.

Listing Agent

Herrick Lutts Realty Partners

Herrick Lutts Realty Partners Listed on: 07/20/2026

Co-Listing Agent

Nick Zolotas

Herrick Lutts Realty Partners

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,433

Year Built

  • Built in 1800

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 4,166 Sq Ft Home
  • 2 Fireplaces
  • Unfinished Basement

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Full Bathrooms

Parking

  • 4 Car Parking Spaces
  • Tandem Parking
  • Driveway
  • On-Street Parking
  • 4 Open Parking Spaces

Additional Features

  • Property is near a beach
  • 3,123 Sq Ft Lot
  • Property is near public transit and schools
  • 200+ Amp Service

Listing and Financial Details

  • Assessor Parcel Number M:0036 B:0082 L:0000,2137209

Community Details

Overview

  • 4 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops

Recreation

  • Marina
  • Park

Building Details

  • Net Operating Income $111,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,433

Year Built

Built in 1800

Lot Details

3,123 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family
  • Year Built: 1800
  • Levels: 5
  • Year Built Details: Approximate
  • APOD AVAILABLE: No
  • MLSPIN_BEACHFRONT_FLAG: Yes
  • Special Features: None
  • Stories: 5

Interior Features

  • Fireplace YN: Yes
  • Fireplaces: 2
  • Total Bedrooms: 9
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Basement: Unfinished
  • Above Grade Finished Sq Ft: 4166
  • Living Area: 4166
  • Spa YN: No
  • Stories Total: 5
  • MAIN LO: AN6507

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront Features: Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking Spaces: 4
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Tandem, On Street
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Electric: 200+ Amp Service
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Medical Facility, House of Worship, Marina, Public School, T-Station, University
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0036 B:0082 L:0000,2137209
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.07
  • Lot Size Sq Ft: 3123
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2026
  • Tax Annual Amount: 10433

Multi Family

  • Net Operating Income: 111600
  • Number Of Units Total: 4
  • Total Actual Rent: 9500
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 2
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: N
  • FLRS 3: 1

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/20/2026 07/20/26 For Sale $1,299,000 -- $312 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73552285

MLS Property Information Network (MLS PIN)
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