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2-4 Saunders St, Salem MA 01970

$1,625,000

Estimated $4,054/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $270,833.33

Total Rent: 94800/year

Estimated CAP Rate:

8 Bedrooms

Baths

5795

Total Parking: 0

5,397 (0.12)

2–4 Saunders Street is a six-unit multifamily investment in Salem’s historic Bridge Street Neck neighborhood. Offered for the first time in more than 20 years, the property combines distinctive architectural character with value-add potential. Originally constructed in 1873 as the Arthur & George Phippen Double House, the Italianate-style building contains 8,792± square feet of total building area and 5,795± square feet of rentable living area. The unit mix includes one (1) one-bedroom apartment, four (4) one-bedroom-plus-office apartments, and one (1) two-bedroom, 1.5-bathroom townhome. The residences feature spacious layouts, high ceilings, abundant natural light, and hardwood floors. Coin-operated laundry provides supplemental income, while basement storage offers an additional revenue opportunity. Within walking distance of public transportation, neighborhood restaurants, Salem Common, Downtown Salem, and the waterfront, the property offers convenient access to the city’s primary amenities and enduring rental appeal.

This home has been viewed 3 times

Last Checked: October 19th, 2026 at 8:09pm (Source: MLS PIN #73592435)

Gross Income: $94,800

Gross Expenses: $17,023

Net Income Calc: $77,777

Water Views

Annual Expenses for 2-4 Saunders St, Salem MA 01970

Total Gross Expenses (Calculated)$17,023/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax17023

Annual Income & Unit Breakdown for 2-4 Saunders St, Salem MA 01970

Total Gross Income (Calculated)$94,800

Unit 1

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor3

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full, 1 Half

Floor2

Levels in Unit2

Rent IncludesHeat

Unit 4

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor3

Levels in Unit1

Rent IncludesHeat

General Information for 2-4 Saunders St, Salem MA 01970

Listing ID73592435

Property TypeMulti Family

Price1625000 ($280.41/SqFt)

Style5+ Family - 5+ Units Up/down

CitySalem

CountyEssex

Neighborhood(s)Ipswich

Approximate Living Area Total5795

Approximate Lot Size (Acres)0.12

Total Parking0

Garage Parking0

Year Built1800

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 Area9999

Foundation Description

Accessible Features

Outdoor Space

ZoningR2

Water ViewsNo

Water Views Features

Waterfront0

Waterfront FeaturesRiver

Terms

Disclosures for 2-4 Saunders St, Salem MA 01970

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsOne Set Of Washer And Dryer

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 2-4 Saunders St, Salem MA 01970

Real Estate Taxes17023

Tax Year2026

Assessed Value$1,463,900

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 2-4 Saunders St, Salem MA 01970

Neighborhood(s)Ipswich

Area AmenitiesWalk/jog Trails

Contact Information for 2-4 Saunders St, Salem MA 01970

Agent

Name: Dan Pouladian

Office

Name: North Shore Realty Advisors

Phone: 617-548-7737

Team Members

Payment Calculator

, Interest

Property Taxes 1418.58

Principal & Interest 10012.73

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

North Shore Realty Advisors

Dan Pouladian

Agent Phone

Office Phone

(617) 548-7737

Text Agent Call Agent Call Office

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    [unparsed] => 2-4 Saunders St, Salem MA 01970
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EXIT

27 More Photos

Active

2-4 Saunders St, Salem MA 01970

$1,625,000

Annual Expenses for 2-4 Saunders St, Salem MA 01970

Annual Income & Unit Breakdown for 2-4 Saunders St, Salem MA 01970

General Information for 2-4 Saunders St, Salem MA 01970

Disclosures for 2-4 Saunders St, Salem MA 01970

Financial Information for 2-4 Saunders St, Salem MA 01970

Location Information for 2-4 Saunders St, Salem MA 01970

Contact Information for 2-4 Saunders St, Salem MA 01970

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

North Shore Realty Advisors

Dan Pouladian