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1-7 Prince, Salem MA 01970

$1,275,000

Estimated $2,744/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $318,750

Total Rent: 108600/year

Estimated CAP Rate:

8 Bedrooms

Baths

3400

Total Parking: 5

4,870 (0.11)

Turnkey 4-unit investment opportunity in Salem perfect for investor or owner occupant. The Property consists four (4) 2-bedroom units, along with 5 off-street parking spaces. Heat and hot water are included in rent. The property has been extensively updated, featuring renovated kitchens and baths with granite countertops and stainless steel appliances, updated electrical, a newer roof, and new insulation in attic and walls. Additional highlights include basement storage and a clean, well-maintained condition, making this an ideal opportunity for investors seeking a low-maintenance, stabilized asset with upside through future rent optimization. See attached for the OM with detailed financials.

This home has been viewed 2 times

Last Checked: September 15th, 2026 at 7:18am (Source: MLS PIN #73570004)

Gross Income: $108,600

Gross Expenses: $20,948

Net Income Calc: $87,652

Annual Expenses for 1-7 Prince, Salem MA 01970

Total Gross Expenses (Calculated)$20,948/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax8120

Annual Income & Unit Breakdown for 1-7 Prince, Salem MA 01970

Total Gross Income (Calculated)$108,600

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 4

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

General Information for 1-7 Prince, Salem MA 01970

Listing ID73570004

Property TypeMulti Family / 4 Family

Price1275000 ($375/SqFt)

Style4 Family

CitySalem

CountyEssex

Neighborhood(s)Ipswich

Approximate Living Area Total3400

Approximate Lot Size (Acres)0.11

Total Parking5

Garage Parking0

Year Built1960

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningR3

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 1-7 Prince, Salem MA 01970

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsRequest Details

Financial Data SourceEstimated

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 1-7 Prince, Salem MA 01970

Real Estate Taxes8120

Tax Year2025

Assessed Value$1,432,100

Financial Data SourceEstimated

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 1-7 Prince, Salem MA 01970

Neighborhood(s)Ipswich

Area AmenitiesWalk/jog Trails

Contact Information for 1-7 Prince, Salem MA 01970

Agent

Name: Francesca Little

Office

Name: Little & Co., REALTORS®

Phone: 978-745-4447

Team Members

Payment Calculator

, Interest

Property Taxes 676.67

Principal & Interest 7856.14

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Little & Co., REALTORS®

Francesca Little

Agent Phone

Office Phone

(978) 745-4447

Text Agent Call Agent Call Office

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    [description] => Turnkey 4-unit investment opportunity in Salem perfect for investor or owner occupant. The Property consists four (4) 2-bedroom units, along with 5 off-street parking spaces. Heat and hot water are included in rent. The property has been extensively updated, featuring renovated kitchens and baths with granite countertops and stainless steel appliances, updated electrical, a newer roof, and new insulation in attic and walls. Additional highlights include basement storage and a clean, well-maintained condition, making this an ideal opportunity for investors seeking a low-maintenance, stabilized asset with upside through future rent optimization. See attached for the OM with detailed financials.
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    [unparsed] => 1-7 Prince, Salem MA 01970
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EXIT

19 More Photos

Active

1-7 Prince, Salem MA 01970

$1,275,000

Annual Expenses for 1-7 Prince, Salem MA 01970

Annual Income & Unit Breakdown for 1-7 Prince, Salem MA 01970

General Information for 1-7 Prince, Salem MA 01970

Disclosures for 1-7 Prince, Salem MA 01970

Financial Information for 1-7 Prince, Salem MA 01970

Location Information for 1-7 Prince, Salem MA 01970

Contact Information for 1-7 Prince, Salem MA 01970

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Little & Co., REALTORS®

Francesca Little