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33 Walter St, Salem MA 01970

$399,900

Estimated $1,144/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $199,950

Total Rent: 0/year

Estimated CAP Rate:

5 Bedrooms

Baths

2123

Total Parking: 2

8,851 (0.20)

Bring your vision and tools to 33 Walter Street! Nestled in a highly desirable Salem neighborhood, this classic 1800s multi-family home features 2 distinct units, offering a total of 5 bedrooms and 2 bathrooms across over 2,100 square feet of living space. The property sits on a fantastic, spacious 8,712-square-foot lot with plenty of outdoor potential.This property is in need of a complete top-to-bottom rehabilitation and is being sold strictly AS-IS. Whether you choose to bring this historic multi-family back to its former glory or reimagine the space entirely, the potential return on investment in this market is undeniable. Perfect for seasoned contractors, flippers, or portfolio builders looking for their next major project. Due to the condition of the home, this is a CASH-ONLY sale. Offers Due by 7pm September 20th .

This home has been viewed 3 times

Last Checked: September 20th, 2026 at 8:53am (Source: MLS PIN #73578801)

Gross Income: $0

Gross Expenses: $5,948

Net Income Calc: $5,948

Annual Expenses for 33 Walter St, Salem MA 01970

Total Gross Expenses (Calculated)$5,948/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax5948

Annual Income & Unit Breakdown for 33 Walter St, Salem MA 01970

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

General Information for 33 Walter St, Salem MA 01970

Listing ID73578801

Property TypeMulti Family

Price399900 ($188.37/SqFt)

StyleMulti Family

CitySalem

CountyEssex

Neighborhood(s)Ipswich

Approximate Living Area Total2123

Approximate Lot Size (Acres)0.2

Total Parking2

Garage Parking0

Year Built1800

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

Basement

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR2

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 33 Walter St, Salem MA 01970

Lead PaintNone

UFFINo

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWasher & Dryer Are Negotiable

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 33 Walter St, Salem MA 01970

Real Estate Taxes5948

Tax Year2026

Assessed Value$551,800

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 33 Walter St, Salem MA 01970

Neighborhood(s)Ipswich

Area Amenities

Contact Information for 33 Walter St, Salem MA 01970

Agent

Name: James Bourque

Office

Name: Diamond Key Real Estate

Phone: 603-382-7979

Payment Calculator

, Interest

Property Taxes 495.67

Principal & Interest 2464.06

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Diamond Key Real Estate

James Bourque

Agent Phone

Office Phone

(603) 382-7979

Text Agent Call Agent Call Office

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EXIT

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