Rare opportunity to own a spacious two-family home in a prime Salem location Property will be delivered completely vacant, offering immediate flexibility for owner-occupants, investors, or multigenerational living. The first-floor unit is currently configured and utilized as a 4-room sleeping arrangement with a full bath, living room, and large eat-in kitchen. The upper unit spans the second and third floors and is currently configured and utilized as a 5-room sleeping arrangement with 2.5 baths and flexible living space. Recent updates include LifeProof luxury vinyl plank flooring, updated kitchen cabinets, and an updated sink. The roof and siding were replaced just a few years ago, offering added peace of mind. Additional features include a fenced backyard, off-street parking, ample storage, and a full basement. Conveniently located near downtown Salem, commuter rail, shopping, restaurants, parks, and the waterfront. Buyer to perform own due diligence Open House Sat and Sun 12-2pm
This home has been viewed 11 times
Last Checked: June 18th, 2026 at 5:08pm (Source: MLS PIN #73537990)
Gross Income: $0
Gross Expenses: $6,388
Net Income Calc: $6,388
Annual Expenses for 24 Mason St, Salem MA 01970
Total Gross Expenses (Calculated)$6,388/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax6388
Annual Income & Unit Breakdown for 24 Mason St, Salem MA 01970
Total Gross Income (Calculated)$0
Unit 1
Rental Income$0
LeaseN
Bedrooms4
Bathrooms1 Full
Floor1
Levels in Unit1
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms5
Bathrooms2 Full, 1 Half
Floor2
Levels in Unit2
Rent Includes
General Information for 24 Mason St, Salem MA 01970
Listing ID73537990
Property TypeMulti Family
Price799900 ($248.88/SqFt)
StyleMulti Family
CitySalem
CountyEssex
Neighborhood(s)Ipswich
Approximate Living Area Total3214
Approximate Lot Size (Acres)0.12
Total Parking3
Garage Parking0
Year Built1870
Year Built SourcePublic Records
Year Built DetailsApproximate
WaterPublic
SewerPublic Sewer
Electric220 Volts
Hot Water
Roof MaterialAsphalt/fiberglass Shingles
Basement
Construction MaterialsFrame
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features
Outdoor Space
ZoningR2
Water Views
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 24 Mason St, Salem MA 01970
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsWasher
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 24 Mason St, Salem MA 01970
Real Estate Taxes6388
Tax Year2025
Assessed Value$563,300
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 24 Mason St, Salem MA 01970
Neighborhood(s)Ipswich
Area Amenities
Contact Information for 24 Mason St, Salem MA 01970