233 Lafayette, Salem, MA 01970
233 Lafayette, Salem, MA 01970
233 Lafayette, Salem, MA 01970
233 Lafayette, Salem, MA 01970
233 Lafayette, Salem, MA 01970
233 Lafayette, Salem, MA 01970
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MaryJane Silva

MaryJane Silva

+1(508) 317-9195
$ 7,699,000
Est. payment | /mo

32 Beds

26 Baths

17,744 SqFt

Save
$ 7,699,000
Est. payment | /mo
Save

32 Beds

26 Baths

17,744 SqFt

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 $433

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®

Schools and Properties Nearby

MaryJane Silva

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(508) 317-9195

mjsellscapecodshomes@gmail.com

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233 Lafayette