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Salem, MA Multifamily Homes & Duplexes for Sale

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  • 27 Appleton St, Salem, MA 01970
    27 Appleton St, Salem, MA 01970
    27 Appleton St, Salem, MA 01970
    /31

    $729,000

    • 5 Beds
    • 2 Baths
    • 2,280 Sq Ft

    27 Appleton St, Salem, MA 01970

    Prime Salem location! This exceptional two-family home offers easy access to Historic Downtown Salem and is ideal for owner-occupants or investors. Unit 1, on the first floor, features 2 bedrooms, HARDWOOD FLOORS, and an updated kitchen and bath. Unit 2 spans the top two levels and offers 4 bedrooms, AN UPDATED CHERRY KITCHEN WITH GRANITE COUNTERS, and a renovated bathroom. Each unit is

    The Mavroules Team Good Deeds Realty Partners

    27 Appleton St, Salem, MA 01970
  • 25 Perkins St, Salem, MA 01970
    25 Perkins St, Salem, MA 01970
    25 Perkins St, Salem, MA 01970
    /28

    $1,099,000

    • 9 Beds
    • 3 Baths
    • 5,313 Sq Ft

    25 Perkins St, Salem, MA 01970

    Settle into a prime Salem Location just a short stroll from Palmas Cove Club and within minutes of local dining spots, cultural attrations, Salem State University, and the vibrant downtown scene. Eventful Octobers in Salem, minutes from Shetland Park and the ocean! Huge, traditional brick 3 decker! These units include 3 generously sized bedrooms, substantial closet storage, a comfortable living

    Andrea Satterwhite Michael Anthony Real Estate

    25 Perkins St, Salem, MA 01970
  • 14 Lathrop St, Salem, MA 01970
    14 Lathrop St, Salem, MA 01970
    14 Lathrop St, Salem, MA 01970
    /21

    $729,900

    • 5 Beds
    • 2.5 Baths
    • 1,912 Sq Ft

    14 Lathrop St, Salem, MA 01970

    Big Price Adjustment! Priced to Sell! Just steps to Salem's burgeoning waterfront and bustling downtown, this two-family home in an ultra-desirable location is perfect for investors and home owners alike. Close to Downtown Salem, Salem State University, Collins Cove & more, this two family home offers recently updated units, complete with new kitchens and baths. Minutes to Salem's MBTA Commuter

    Ed Deveau Century 21 Mario Real Estate

    14 Lathrop St, Salem, MA 01970
  • 12 Thorndike St, Salem, MA 01970
    12 Thorndike St, Salem, MA 01970
    12 Thorndike St, Salem, MA 01970
    /14

    $829,900

    • 6 Beds
    • 2 Baths
    • 2,204 Sq Ft

    12 Thorndike St, Salem, MA 01970

    This is the perfect 2 family home for an owner occupied buyer. 1st floor has 2 large bedrooms. Beautiful kitchen and an open floor plan. Ready to rent out and help with your mortgage payment. 2nd floor is a perfect owner unit. 4 good size bedrooms. Large kitchen with sliders to a private deck. 1 bedroom on main level and 3 on top level. Both units have laundry hookups in unit. Off street parking.

    Tyler Scaglione Cameron Real Estate Group

    12 Thorndike St, Salem, MA 01970
  • 288-292 Washington & 5 Porter St Ct, Salem, MA 01970
    288-292 Washington & 5 Porter St Ct, Salem, MA 01970
    288-292 Washington & 5 Porter St Ct, Salem, MA 01970
    /15

    $4,500,000

    • 27 Beds
    • 19 Baths
    • 24,126 Sq Ft

    288-292 Washington & 5 Porter St Ct, Salem, MA 01970

    Salem, MA multifamily portfolio: 19 units spanning three buildings at 288–292 Washington Street and 5 Porter Street Court. The package features a balanced mix of twelve (12) one-bedroom units, six (6) two-bedroom units, and one (1) three-bedroom unit. Owner provides heat and hot water to tenants. The 5 Porter St Ct property includes approximately 6–8 off-street parking spaces for added tenant

    Francesca Little Little & Co., REALTORS®

    288-292 Washington & 5 Porter St Ct, Salem, MA 01970
  • 55 Butler St, Salem, MA 01970
    55 Butler St, Salem, MA 01970
    55 Butler St, Salem, MA 01970
    /31

    $925,000

    • 6 Beds
    • 3 Baths
    • 2,536 Sq Ft

    55 Butler St, Salem, MA 01970

    Welcome to 55 Butler St! This sun-filled 2-family opportunity on a corner lot w/ a history of strong rent offers incredible flexibility for investors or owner-occupants alike! The first floor unit features 2 bedrooms, 1 bathroom and a parking space, while Unit 2 is an upper duplex featuring 3 bedrooms, 2 full bathrooms, 2 parking spaces and a small sunroom off the kitchen w/ 2 additional bonus

    Daniel Resop William Raveis R.E. & Home Services

    55 Butler St, Salem, MA 01970
  • 32 Park St, Salem, MA 01970
    32 Park St, Salem, MA 01970
    32 Park St, Salem, MA 01970
    /5

    $950,000

    • 9 Beds
    • 3 Baths
    • 2,345 Sq Ft

    32 Park St, Salem, MA 01970

    Whether you are looking for your first income property or expanding your portfolio this three family is one you don't want to miss out on- three units with three bedrooms/1 bath each. All de-leaded, section 8 approved and on separate meters. Coin operated washer/dryer in the basement & low maintenance landscaping. First floor unit will be delivered vacant- suited for an owner occupant. Second &

    Kelsey Gregory Heritage Realty

    32 Park St, Salem, MA 01970
Massachusetts Essex County Salem

Multi-Family Homes & Duplexes for Sale in Salem, MA

Why Live in Salem

Salem's rich historical legacy comes alive through world-renowned attractions like the Peabody Essex Museum, featuring the 200-year-old Yin Yu Tang Chinese house, and the Salem Maritime National Historic Site where visitors can explore the 1797 merchant ship replica Friendship of Salem. The city's haunting past is preserved at sites like the Salem Witch Trials Memorial and The Witch House, the only remaining structure directly connected to the 1692 trials. The dining scene features distinctive restaurants like Ledger Restaurant & Bar, housed in the former Salem Savings Bank building, and Turner's Seafood at Lyceum Hall, serving classic New England seafood in a historic setting.

The Salem real estate market spans diverse price points across distinct neighborhoods. The median sale price in Salem is $580,000, with median single family home prices reaching $675,000. In the prestigious Chestnut Street area, the median single family home price rises to $1,585,000, while Collins Cove presents more moderate options with a median of $510,000. Condo seekers will find median one-bedroom prices of $405,000 in Salem Common and $316,500 in South Salem.

Property taxes in Salem maintain a 1.07% effective rate, matching nearby Beverly, Peabody, and Marblehead. The Massachusetts state income tax rate is 5.00% for a yearly salary of $48,593.00. Salem's educational landscape includes highly rated private schools like Tower School and North Shore Christian School, plus Salem State University. The city connects easily to Boston via a 30-minute MBTA commuter rail ride or seasonal ferry service from May through October. The walkable downtown area places most attractions, shops, and restaurants within a convenient mile radius.

Learn more about living in Salem

Home Trends in Salem, MA

On average, homes in Salem, MA sell after 24 days on the market compared to the national average of 53 days. The median sale price for homes in Salem, MA over the last 12 months is $575,000, up 1% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$575,000
Median Single Family Sale Price
$683,500
Median Townhouse Sale Price
$712,000
Median 2 Bedroom Sale Price
$508,500
Median 1 Bedroom Sale Price
$380,000
Average Price Per Sq Ft
$425
Number of Homes for Sale
44
Last 12 months Home Sales
431
Months of Supply
1.20
Median List Price
$589,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
1%

Popular Home Searches in Salem, MA

In Salem’s historic neighborhoods and coastal pockets, homebuyers often seek character-rich architecture and outdoor space to enjoy New England seasons.

  • Love historic charm? Browse Victorian homes or colonial style properties near the McIntire Historic District.
  • Need fresh air? Check out homes with a porch or yard in North Salem or South Salem.
  • Looking for seasonal comfort? Homes with fireplaces or air conditioning can help with Massachusetts’ changing climate.
  • Want space to host? Find homes with a deck or kitchen island for entertaining.
  • Prefer low-maintenance living? Explore condos or townhomes close to downtown and commuter rail lines.
How to Buy a Home How to Finance a Home How to Sell a Home

In Salem, there are currently 7 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $729,000 to $4,500,000, there's a range to accomodate every budget. As of December, 2025 the median home price in Salem is $589,900, while the average sale price is $630,029, offering insights into the local housing market. On average, multi-family homes spend 24 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Salem, MA.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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