Salem, MA Multifamily Homes & Duplexes for Sale

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$1,200,000 Open Sun 11AM - 12:30PM
- 6 Beds
- 3.5 Baths
- 3,050 Sq Ft
8 Cushing St, Salem, MA 01970

Open house Saturday 8/2+ Sunday 8/3 11-1230 Pm. Completely Renovated Condo grade 2 family home featuring a 3 bedroom 2 bath townhouse unit & a 2 bed 1.5 bath unit. No expense spared on this renovation. Conveniently located with easy access to highways & train. Both units have Sun-splashed open concept Living-Dining eat-in- kitchen. Kitchens feature: shaker cabinets, stylish tiled backsplash, bar

Mike Becker Atlantic Coast Homes,Inc

8 Cushing St, Salem, MA 01970
Explore Salem
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$1,100,000
- 8 Beds
- 3 Baths
- 4,250 Sq Ft
144 North St, Salem, MA 01970

Don’t miss this outstanding opportunity to own a spacious 3-family property in vibrant Salem, just a short distance from the commuter rail at Salem Station. Offering approximately 4,250 square feet of living space across three levels, the building features a total of 8 bedrooms and 3 bathrooms—an ideal setup for maximizing rental income or creating an owner-occupied investment. Each unit offers

Herrick Lutts Realty Partners Herrick Lutts Realty Partners

144 North St, Salem, MA 01970
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$899,000
- 3 Beds
- 3 Baths
- 2,717 Sq Ft
124 Boston St, Salem, MA 01970

Mixed-Use Gem in Prime Salem Location! Welcome to 124 Boston Street, a beautifully renovated mixed-use property located in vibrant Salem. This versatile building offers strong investment potential and the perfect blend of residential and commercial space, ideal for owner-occupants or investors alike.The property features two updated residential units: a spacious 1-bedroom, 1-bathroom apartment

Kevin Farrar Atlantic Coast Homes,Inc

124 Boston St, Salem, MA 01970
/5
$1,970,000
- 9 Beds
- 9 Baths
- 7,452 Sq Ft
8-8.5 Herbert St, Salem, MA 01970

We are pleased to present this multifamily offering which consists of 9 units, with on street parking. This deal includes a 2-unit and a 7-unit building, both connected by a well maintained outdoor entranceway. The property has been very well maintained but offers investors and end-users future value through cosmetic improvements and management efficiencies. The property features unique finishes

Kevin Benzinger Boston Realty Advisors

8-8.5 Herbert St, Salem, MA 01970
/8
$1,779,000
- 16 Beds
- 6 Baths
- 6,345 Sq Ft
33 Harbor St, Salem, MA 01970

We are pleased to present this multifamily offering which consists of 6 units. The property has been very well maintained but offers investors and end-users future value through cosmetic improvements. The properties boiler system was recently upgraded and the common areas hold two washers and two dryers, both of which are coin operated. The property is ideally located in a quiet residential

Kevin Benzinger Boston Realty Advisors

33 Harbor St, Salem, MA 01970

Massachusetts Essex County Salem

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 18 days on the market compared to the national average of 70 days. The median sale price for homes in Salem, MA over the last 12 months is $520,000, down 4% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$520,000

Median Single Family Sale Price

$760,450

Median Townhouse Sale Price

$675,000

Median 2 Bedroom Sale Price

$495,000

Median 1 Bedroom Sale Price

$316,000

Average Price Per Sq Ft

$465

Number of Homes for Sale

Last 12 months Home Sales

207

Months of Supply

0.50

Median List Price

$549,000

Median Change From 1st List Price

-1%

Median Home Sale Price YoY Change

-4%

How to Buy a Home How to Finance a Home How to Sell a Home

In Salem, there are currently 5 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $899,000 to $1,970,000, there's a range to accomodate every budget. As of August, 2025 the median home price in Salem is $549,000, while the average sale price is $588,196, offering insights into the local housing market. On average, multi-family homes spend 18 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.

Salem Types of Homes for Sale

More About Living in Salem

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Homes in Nearby Counties

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