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32 Park St, Salem MA 01970

$829,000

Estimated $2,083/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $276,333.33

Total Rent: 106428/year

Estimated CAP Rate:

9 Bedrooms

Baths

2345

Total Parking: 0

1,790 (0.04)

Great opportunity to own a three-family home in a prime Salem location! 32 Park Street offers three bedrooms and one full bathroom in each unit, with hardwood floors, gas heat, granite countertops and exterior vinyl siding that is in excellent condition. With a strong rental history, this property is an appealing option for investors or buyers looking to live in one unit while collecting rent from the others. Enjoy nearby parks, beaches, a kayak launch, and marinas, along with convenient access to historic Salem Common, the commuter rail and downtown Salem’s restaurants, shops, museums, and waterfront attractions. Rich in history and close to so much of what makes Salem a great place to live, this property brings together rental income potential and a location with plenty to offer. Join us for one of the open houses this weekend or schedule a private showing today.

This home has been viewed 5 times

Last Checked: October 23rd, 2026 at 7:08pm (Source: MLS PIN #73592387)

Gross Income: $106,428

Gross Expenses: $8,863

Net Income Calc: $97,565

Annual Expenses for 32 Park St, Salem MA 01970

Total Gross Expenses (Calculated)$8,863/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax8863

Annual Income & Unit Breakdown for 32 Park St, Salem MA 01970

Total Gross Income (Calculated)$106,428

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 32 Park St, Salem MA 01970

Listing ID73592387

Property TypeMulti Family / 3 Family

Price829000 ($353.52/SqFt)

Style3 Family

CitySalem

CountyEssex

Neighborhood(s)Ipswich

Approximate Living Area Total2345

Approximate Lot Size (Acres)0.04

Total Parking0

Garage Parking0

Year Built1915

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningR3

Water Views

Water Views Features

Waterfront0

Waterfront FeaturesRiver

Terms

Disclosures for 32 Park St, Salem MA 01970

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsSurveillance Devices

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 32 Park St, Salem MA 01970

Real Estate Taxes8863

Tax Year2026

Assessed Value$822,200

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 32 Park St, Salem MA 01970

Neighborhood(s)Ipswich

Area AmenitiesWalk/jog Trails

Contact Information for 32 Park St, Salem MA 01970

Agent

Name: Farrar Realty Group

Office

Name: Herrick Lutts Realty Partners

Phone: 978-927-1959

Team Members

Payment Calculator

, Interest

Property Taxes 738.58

Principal & Interest 5108.03

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Herrick Lutts Realty Partners

Farrar Realty Group

Agent Phone

Office Phone

(978) 927-1959

Text Agent Call Agent Call Office

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    [unparsed] => 32 Park St, Salem MA 01970
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EXIT

23 More Photos

Active

32 Park St, Salem MA 01970

$829,000

Annual Expenses for 32 Park St, Salem MA 01970

Annual Income & Unit Breakdown for 32 Park St, Salem MA 01970

General Information for 32 Park St, Salem MA 01970

Disclosures for 32 Park St, Salem MA 01970

Financial Information for 32 Park St, Salem MA 01970

Location Information for 32 Park St, Salem MA 01970

Contact Information for 32 Park St, Salem MA 01970

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Herrick Lutts Realty Partners

Farrar Realty Group