Salem, MA Open House

/5
$1,970,000 Open Wed 1:30PM - 2PM
- 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
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Massachusetts Essex County 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%

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