Your rent just went up… again. Meanwhile, someone else is building equity. 6 Pearl Street is your chance to change that. This 2Fam home offers serious space and flexibility with 8 beds across 2 units, plus a finished basement that expands your living options. Whether you’re looking to live in one unit and offset your mortgage, or add a strong asset to your portfolio, the layout gives you options. Unit 1 features 5 rooms, 2 beds, and 1 bath. Unit 2 spans two levels with 9 rooms, 6 beds, 2 baths, offering size that’s hard to find. The finished basement includes a family room, 2 offices, and a full bath, ideal for work-from-home or extended living. Outside, you’ll find a fenced yard and parking for 2 cars. This home is lead compliant and includes leased solar panels. Located in Salem near downtown, waterfront, parks, and commuter routes, this is an opportunity to take control, build equity, and create long-term value. Ideal for multi-generational living or flexible use. Schedule your tour
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Last Checked: May 28th, 2026 at 10:28am (Source: MLS PIN #73512067)
Gross Income: $67,572
Gross Expenses: $9,326
Net Income Calc: $58,246
Water Views
Annual Expenses for 6 Pearl St, Salem MA 01970
Total Gross Expenses (Calculated)$9,326/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax9326
Annual Income & Unit Breakdown for 6 Pearl St, Salem MA 01970
Total Gross Income (Calculated)$67,572
Unit 1
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
Rent Includes
Unit 2
Rental Income$0
LeaseY
Bedrooms6
Bathrooms2 Full
Floor2
Levels in Unit2
Rent Includes
General Information for 6 Pearl St, Salem MA 01970
Listing ID73512067
Property TypeMulti Family
Price1050000 ($266.29/SqFt)
StyleMulti Family
CitySalem
CountyEssex
Neighborhood(s)Ipswich
Approximate Living Area Total3943
Approximate Lot Size (Acres)0.08
Total Parking2
Garage Parking0
Year Built1880
Year Built SourcePublic Records
Year Built DetailsApproximate
WaterPublic
SewerPublic Sewer
Electric
Hot Water
Roof MaterialAsphalt/fiberglass Shingles
BasementFull
Construction MaterialsFrame
Lot Features
Foundation Description
Accessible Features
Outdoor SpaceCovered
ZoningR2
Water ViewsNo
Water Views Features
Waterfront0
Waterfront FeaturesRiver
Terms
Disclosures for 6 Pearl St, Salem MA 01970
Lead PaintNone
UFFI
Living Area Includes BasementYes
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsSee Disclosures
Financial Data Source
Total Gross Expenses By Broker
Total Gross Income By Broker
Total Net Income By Broker
Short Sale / Forclosure (Bank Owned)
Compensation Based On
Financial Information for 6 Pearl St, Salem MA 01970
Real Estate Taxes9326
Tax Year2025
Assessed Value$822,400
Financial Data Source
Total Gross Expenses By Broker
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker
BostonRealEstate.com Gross Income
Total Net Income By Broker
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
Location Information for 6 Pearl St, Salem MA 01970
Neighborhood(s)Ipswich
Area AmenitiesWalk/jog Trails
Contact Information for 6 Pearl St, Salem MA 01970