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$ 7,599,000
Est. payment /mo
Price Dropped by $100K
233 Lafayette Salem, MA 01970
32 Beds
26 Baths
17,744 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 17,744 sqft
Price per Sqft $428
MLS Listing ID 73576567
Bedrooms 32
Full Baths 26
Year Built 1915
Annual Tax Amount $51,331
Tax Year 2026
Lot Size 10,454 Sqft
Acres 0.24
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
Rare opportunity to acquire a fully renovated 26-unit brick asset in one of Salem's most active rental markets. The Property consists of twelve (12) one-bedroom units, six (6) two-bedroom units and eight (8) studios. 233 Lafayette Street offers investors immediate scale, strong in-place income, and a true turnkey profile with major capital improvements already executed. The property has undergone an extensive renovation in 2020, including a new roof, fully upgraded electrical, new boilers and hot water storage and a new sprinkler system. Unit interiors have been upgraded across the board with updated kitchens and baths with 15 of the units featuring in-unit laundry. See attached OM for detailed financials.
Location
State MA
County Essex
Zoning B1
Direction Please use GPS
Interior
Flooring Wood
Exterior
Community Features Public Transportation, Park, Medical Facility, Laundromat, House of Worship, Public School, T-Station, University
Roof Type Rubber
Garage No
Building
Lot Description Other
Story 3
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Little & Co., REALTORS®