Originally the Engine No. 8 Firehouse, 133 Salem St has been thoughtfully reimagined into a stunning 4-unit mixed-use property where history and opportunity meet. Fully renovated to a high standard in 2013, it offers a rare chance for an owner-occupant to live in a piece of Boston’s past while enjoying strong, stable income. The 2,400+ sq. ft. ground-floor commercial space leased to the well-established BTONE Pilates Studio anchors the property with reliable cash flow. Above, 3 beautifully finished residential units provide flexibility to live, rent, or reconfigure to suit your vision. The 3+ bedroom penthouse w/ private outdoor space and sweeping views is ideal for a primary residence, with additional income from the other 2 leased units to offset ownership costs. Down the street from the Eliot school and all the other outstanding things the North End has to offer, this turnkey asset combines long-term investment security with everyday lifestyle appeal.
This home has been viewed 37 times
Last Checked: November 3rd, 2025 at 6:03am (Source: MLS PIN #73449037)
Gross Income: $92,100
Gross Expenses: $41,725
Net Income Calc: $50,375
CAP Rate: 0.85%
Water Views
Annual Expenses for 133 Salem St, Boston MA 02113
Total Gross Expenses (Calculated)$41,725/year
APOD AvailableYes
Heating
Electricity$1,141
Water$2,593
Gas$2,593
Insurance$12,059
Sewer$2,593
Trash Removal
Repair & Maintenance
Management
Miscellaneous$660
Real Estate Tax$25,272
Annual Income & Unit Breakdown for 133 Salem St, Boston MA 02113
Total Gross Income (Calculated)$92,100
Unit 1
Rental Income$3,255
LeaseY
Bedrooms1
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income$4,420
LeaseY
Bedrooms2
Bathrooms2 Full
Floor3
Levels in Unit1
HeatingNo
Rent Includes
Unit 3
Rental Income$0
LeaseN
Bedrooms3
Bathrooms3 Full, 1 Half
Floor4
Levels in Unit2
HeatingNo
Rent Includes
Unit 4
Rental Income$0
LeaseY
Bedrooms0
Bathrooms
Floor
Levels in Unit1
HeatingNo
Rent Includes
General Information for 133 Salem St, Boston MA 02113
Listing ID73449037
Property TypeMulti Family / 4 Family
Price$5,950,000 ($880.18/SqFt)
Style4 Family - 4 Units Up/down
CityBoston
CountySuffolk
MLS AreaNorth End
Neighborhood(s)
Approximate Living Area Total6,760 SqFt
Approximate Lot Size (Acres)0.06 acres
Total Parking0
Garage Parking
Year Built1920
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate,Renovated Since
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot Features
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor Space
ZoningRC
Zoning Details
Water ViewsYes
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 133 Salem St, Boston MA 02113
Lead Paint
UFFI
Living Area Includes BasementYes
Living Area DisclosurePhotos labeled to describe each space being shown
Building Area SourceOwner
Title 5
Exclusions
Disclosures
Financial Data SourceOwner, Projected
Total Gross Expenses By Broker$53,689
Total Gross Income By Broker$361,860
Total Net Income By Broker$308,171
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 133 Salem St, Boston MA 02113
Real Estate Taxes$25,272
Tax Year2025
Assessed Value$2,182,400
Financial Data SourceOwner, Projected
Total Gross Expenses By Broker$53,689
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$361,860
BostonRealEstate.com Gross Income
Total Net Income By Broker$308,171
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)0.85%
Location Information for 133 Salem St, Boston MA 02113
Elementary SchoolEliot School
Middle SchoolEliot School
High School
Neighborhood(s)
MLS AreaNorth End
Area AmenitiesHighway Access, House Of Worship, Public School, Shopping, Park, Medical Facility, Laundromat, Public Transportation, T-station, Private School, University
Contact Information for 133 Salem St, Boston MA 02113
Agent
Name: The Sarkis Team
Office
Name: Douglas Elliman Real Estate - The Sarkis Team