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Salem, MA Multifamily Homes & Duplexes for Sale

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  • /29

    $1,050,000

    • 9 Beds
    • 3 Baths
    • 5,265 Sq Ft

    37 Mason St, Salem, MA 01970

    This well maintained 3 Family home offers 3 Fully Deleaded units, with 3 spacious 3 bedroom apartments, each with over 1200 sq ft of living space. The 1st and 2nd floors feature ceramic file flooring in the kitchen, h/w floors tthroughout each unit giving each unit a distinct and durable style. Major updates include new siding and roof in 2021, updated drain piping and central a/c in 2023 on

    Teresa Troisi Core Real Estate

    37 Mason St, Salem, MA 01970
  • /42

    $600,000 Open Sun 1PM - 3PM

    • 4 Beds
    • 2.5 Baths
    • 2,128 Sq Ft

    28 Bow St, Salem, MA 01970

    Opportunity Knocks! Two-Family on the Peabody/Salem Line. Investors, contractors, and savvy buyers – bring your vision to this two-family home ideally located on the Peabody/Salem line. This property offers tremendous potential with solid bones and expansion potential, perfect for rental income, multigenerational living, or future resale. Each unit features spacious rooms, high ceilings, and

    steven mallia RE/MAX Beacon

    28 Bow St, Salem, MA 01970
  • /40

    $3,499,999

    • 16 Beds
    • 8 Baths
    • 10,164 Sq Ft

    35 Northey St, Salem, MA 01970

    This 8 unit building offers everything a investor could want. Located at the end of a quiet street but less than a third of a mile to the Salem commons and all down town has to offer. This corner lot also abuts a city park with playground and plenty of green space. 6 of 8 units have been recently renovated with granite countertops, stainless steel appliances and fresh paint. The parking lot is

    Matthew Sears Aluxety

    35 Northey St, Salem, MA 01970
  • /42

    $1,200,000 Open Sun 11AM - 12PM

    • 6 Beds
    • 3.5 Baths
    • 3,050 Sq Ft

    8 Cushing St, Salem, MA 01970

    Open House Fri 8/8 5:30-6:30p, Sat 8/9 11-12:30 & Sun 8/10 11-12p! 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

    Mike Becker Atlantic Coast Homes,Inc

    8 Cushing St, Salem, MA 01970
  • /26

    $1,085,000

    • 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
  • /37

    $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
  • /19

    $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

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.

Home Trends in Salem, MA

Housing Trends

Median Sale Price
$565,000
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
$469
Number of Homes for Sale
10
Last 12 months Home Sales
213
Months of Supply
0.60
Median List Price
$575,000
Median Change From 1st List Price
-1%
Median Home Sale Price YoY Change
5%
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