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39 Salem Street, Salem MA 01970

$995,000

Estimated $2,292/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $331,666.67

Total Rent: 92016/year

Estimated CAP Rate:

9 Bedrooms

Baths

3391

Total Parking: 8

3,049 (0.07)

39 Salem Street contains three, renovated (3) 3-Bedroom/1-Bathroom units with 3,391 square feet of gross living area in 5,521 square feet of gross area. The Property is situated upon a 0.07-acre parcel and features eight (8) off-street parking spaces via four (4) tandem pairs. 39 Salem Street is well-positioned in Salem, offering strong access to the city’s historic downtown, neighborhood retail corridors, and surrounding residential neighborhoods. Situated in “The Point” neighborhood of Salem, 39 Salem Street offers residents proximity to Palmer Cove to the south, as well as being walking distance from attractions such as the Salem Harbor Walk, Peabody Essex Museum, Salem Witch Museum, and Salem Common. Tenants are responsible for electric baseboard heating, electric powered hot water, and separately metered electricity. The Landlord is responsible for providing city water & sewer.

This home has been viewed 15 times

Last Checked: October 8th, 2026 at 10:38am (Source: MLS PIN #73581012)

Gross Income: $92,016

Gross Expenses: $18,796

Net Income Calc: $73,220

Water Views

Annual Expenses for 39 Salem Street, Salem MA 01970

Total Gross Expenses (Calculated)$18,796/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax8139

Annual Income & Unit Breakdown for 39 Salem Street, Salem MA 01970

Total Gross Income (Calculated)$92,016

Unit 1

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

Rent IncludesHeat

General Information for 39 Salem Street, Salem MA 01970

Listing ID73581012

Property TypeMulti Family / 3 Family

Price995000 ($293.42/SqFt)

Style3 Family

CitySalem

CountyEssex

Neighborhood(s)Ipswich

Approximate Living Area Total3391

Approximate Lot Size (Acres)0.07

Total Parking8

Garage Parking0

Year Built1915

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningR3

Water ViewsNo

Water Views Features

Waterfront0

Waterfront FeaturesRiver

Terms

Disclosures for 39 Salem Street, Salem MA 01970

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWall Mounted Tv's-Brackets To Remain

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 39 Salem Street, Salem MA 01970

Real Estate Taxes8139

Tax Year2026

Assessed Value$748,500

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 39 Salem Street, Salem MA 01970

Neighborhood(s)Ipswich

Area AmenitiesWalk/jog Trails

Contact Information for 39 Salem Street, Salem MA 01970

Agent

Name: Stephen Girolamo

Office

Name: Horvath & Tremblay

Phone: 781-776-4000

Payment Calculator

, Interest

Property Taxes 678.25

Principal & Interest 6130.87

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Horvath & Tremblay

Stephen Girolamo

Agent Phone

Office Phone

(781) 776-4000

Text Agent Call Agent Call Office

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EXIT

14 More Photos

Pending

39 Salem Street, Salem MA 01970

$995,000

Annual Expenses for 39 Salem Street, Salem MA 01970

Annual Income & Unit Breakdown for 39 Salem Street, Salem MA 01970

General Information for 39 Salem Street, Salem MA 01970

Disclosures for 39 Salem Street, Salem MA 01970

Financial Information for 39 Salem Street, Salem MA 01970

Location Information for 39 Salem Street, Salem MA 01970

Contact Information for 39 Salem Street, Salem MA 01970

Agent

Office

Payment Calculator

Exclusive Listing Agent

Horvath & Tremblay

Stephen Girolamo