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16 Oakland St, Salem MA 01970

$940,000

Estimated $2,187.71/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $470,000

Total Rent: 70680/year

Estimated CAP Rate: 6.67%

4 Bedrooms

2 Full Baths

1,955 SqFt

Total Parking: 4

3,498 SqFt

Rare multi-family opportunity in North Salem! Natural light drenches both units from the large array of windows, further warmed by timeless hardwood floors and elegant trim throughout. The eat-in kitchens are equipped with stone counter tops, tasteful backsplashes and plenty of storage, perfect for residents with culinary ambitions! Each unit has their own separate and convenient driveways for off street parking. The attic is unfinished, though equipped with a full staircase, creating an interesting opportunity for unit expansion. Located in desirable North Salem, this property is close to many amenities including the MBTA Salem Station, restaurants and shops. An amazing opportunity for investors and live-in owners alike!

This home has been viewed 12 times

Last Checked: February 7th, 2026 at 6:53am (Source: MLS PIN #73475049)

Gross Income: $70,680

Gross Expenses: $7,962

Net Income Calc: $62,718

CAP Rate: 6.67%

Annual Expenses for 16 Oakland St, Salem MA 01970

Total Gross Expenses (Calculated)$7,962/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$7,962

Annual Income & Unit Breakdown for 16 Oakland St, Salem MA 01970

Total Gross Income (Calculated)$70,680

Unit 1

Rental Income$2,600

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent IncludesUnit 2(electric)

Unit 2

Rental Income$3,290

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent IncludesUnit 2(electric)

General Information for 16 Oakland St, Salem MA 01970

Listing ID73475049

Property TypeMulti Family

Price$940,000 ($480.82/SqFt)

StyleMulti Family

CitySalem

CountyEssex

MLS Area

Neighborhood(s)Ipswich

Approximate Living Area Total1,955 SqFt

Approximate Lot Size (Acres)0.08 acres

Total Parking4

Garage Parking

Year Built1925

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor SpacePorch

ZoningR2

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 16 Oakland St, Salem MA 01970

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureLiving area is approximate

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$70,680

Total Net Income By Broker$70,680

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 16 Oakland St, Salem MA 01970

Real Estate Taxes$7,962

Tax Year2025

Assessed Value$702,100

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$70,680

BostonRealEstate.com Gross Income

Total Net Income By Broker$70,680

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)6.67%

Location Information for 16 Oakland St, Salem MA 01970

Elementary School

Middle School

High School

Neighborhood(s)Ipswich

MLS Area

Area AmenitiesHouse Of Worship, Public School, Shopping, Park, Laundromat, Public Transportation

Contact Information for 16 Oakland St, Salem MA 01970

Agent

Name: The Alianza Group

Office

Name: Nina-Soto Realty, LLC

Phone: 978-594-1292

Payment Calculator

, Interest

Property Taxes 663.5

Principal & Interest 5791.98

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Nina-Soto Realty, LLC

The Alianza Group

Agent Phone

Office Phone

(978) 594-1292

Text Agent Call Agent Call Office

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[year_built] => 1925
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                )

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                )

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                )

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                )

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                )

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                )

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                )

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                )

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                )

)

)

EXIT