Overview Property Details Payment Calculator Walkability

Pending

124 Boston St, Salem MA 01970

$899,000

Estimated $2,117.05/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $299,666.67

Total Rent: 30000/year

Estimated CAP Rate: 2.46%

3 Bedrooms

3 Full Baths

2,717 SqFt

Total Parking: 8 (2 Garage)

4,901 SqFt

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-occ...

This home has been viewed 39 times

Last Checked: July 9th, 2025 at 6:38pm (Source: MLS PIN #73388804)

Gross Income: $30,000

Gross Expenses: $7,912

Net Income Calc: $22,088

CAP Rate: 2.46%

Annual Expenses for 124 Boston St, Salem MA 01970

Total Gross Expenses (Calculated)$7,912/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$7,912

Annual Income & Unit Breakdown for 124 Boston St, Salem MA 01970

Total Gross Income (Calculated)$30,000

Unit 1

Rental Income$0

LeaseN

Bedrooms0

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$2,500

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingNo

Rent Includes

General Information for 124 Boston St, Salem MA 01970

Listing ID73388804

Property TypeMulti Family / 3 Family

Price$899,000 ($330.88/SqFt)

Style3 Family - 3 Units Up/down

CitySalem

CountyEssex

MLS Area

Neighborhood(s)Ipswich

Approximate Living Area Total2,717 SqFt

Approximate Lot Size (Acres)0.11 acres

Total Parking8 (2 Garage)

Garage Parking2 / Detached

Year Built1890

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual,Renovated Since

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningB2

Zoning DetailsLegal Non-Conforming

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 124 Boston St, Salem MA 01970

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceOther

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$30,000

Total Net Income By Broker$30,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 124 Boston St, Salem MA 01970

Real Estate Taxes$7,912

Tax Year2024

Assessed Value$500,300

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$30,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$30,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)2.46%

Location Information for 124 Boston St, Salem MA 01970

Elementary School

Middle School

High School

Neighborhood(s)Ipswich

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, T-station, Tennis Court(s), Private School, University

Contact Information for 124 Boston St, Salem MA 01970

Agent

Name: Farrar Realty Group

MLS ID: TM333642

Office ID: AC1991

Office

Name: Atlantic Coast Homes,Inc

MLS Office ID: AC1991

Phone: 978-777-4444

Team Members

Name: Kevin Farrar

MLS ID: CN201239

Office ID: AC1991

National Association ID: 454007058

Phone: 978-578-3448

City: Beverly

State: MA

Payment Calculator

$6,198.68 per month

30 Years Fixed, 6.75% Interest

Property Taxes $659.33

Principal & Interest $5,539.35

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Atlantic Coast Homes,Inc

Farrar Realty Group

Agent Phone

Office Phone

(978) 777-4444

Text Agent Call Agent Call Office

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    [description] => 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 with modern finishes and abundant natural light, and a 2bedroom, 1bathroom unit, perfect for rental income or multi-generational living. At street level, a renovated commercial storefront offers prime visibility on Boston Street – a high-traffic thoroughfare connecting downtown Salem to Peabody and Route 128. The retail space is ideal for a boutique, office, salon, small cafe, bar and more. Plenty of off st parking and a 2 car detached garage. Located near schools, hospitals, downtown Salem, Highland Ave biz district and major routes like 114, 107, 128 and 1A. Schedule your private showing today!
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[year_built] => 1890
    [year_built_details] => Actual,Renovated Since
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EXIT

Pending

124 Boston St, Salem MA 01970

$899,000

Annual Expenses for 124 Boston St, Salem MA 01970

Annual Income & Unit Breakdown for 124 Boston St, Salem MA 01970

General Information for 124 Boston St, Salem MA 01970

Disclosures for 124 Boston St, Salem MA 01970

Financial Information for 124 Boston St, Salem MA 01970

Location Information for 124 Boston St, Salem MA 01970

Contact Information for 124 Boston St, Salem MA 01970

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Farrar Realty Group