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249 Loring Ave, Salem MA 01970

$950,000

Estimated $2,389/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $475,000

Total Rent: 87600/year

Estimated CAP Rate:

6 Bedrooms

Baths

3342

Total Parking: 12 (2 Garage)

5,606 (0.13)

Great investment or owner occupied opportunity! Two oversized two-level apartments in a highly desired area of Salem. Property located close to Swampscott Line and Salem State University. Each apartment includes three bedrooms, living room, dining room, office, kitchen, three full bathrooms, hallway. Second floor has a similar floor plan. Both with hardwood floors. Recent updates: house painted outside and inside, 2 new separate gas heating systems, 6 car parking plus 2 garages. All separate utilities.

This home has been viewed 2 times

Last Checked: November 4th, 2026 at 5:33pm (Source: MLS PIN #73598408)

Gross Income: $87,600

Gross Expenses: $10,188

Net Income Calc: $77,412

Annual Expenses for 249 Loring Ave, Salem MA 01970

Total Gross Expenses (Calculated)$10,188/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax10188

Annual Income & Unit Breakdown for 249 Loring Ave, Salem MA 01970

Total Gross Income (Calculated)$87,600

Unit 1

Rental Income$0

LeaseY

Bedrooms3

Bathrooms3 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms3

Bathrooms3 Full

Floor2

Levels in Unit1

Rent Includes

General Information for 249 Loring Ave, Salem MA 01970

Listing ID73598408

Property TypeMulti Family

Price950000 ($284.26/SqFt)

StyleMulti Family

CitySalem

CountyEssex

MLS AreaSouth Salem

Neighborhood(s)Ipswich

Approximate Living Area Total3342

Approximate Lot Size (Acres)0.13

Total Parking12 (2 Garage)

Garage Parking2

Year Built1930

Year Built SourceOwner

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

BasementFull

Construction Materials

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningR 1

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 249 Loring Ave, Salem MA 01970

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceOwner

ExclusionsWall Mounted Tv's-Brackets To Remain

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 249 Loring Ave, Salem MA 01970

Real Estate Taxes10188

Tax Year2026

Assessed Value$836,800

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 249 Loring Ave, Salem MA 01970

Neighborhood(s)Ipswich

MLS AreaSouth Salem

Area AmenitiesWalk/jog Trails

Contact Information for 249 Loring Ave, Salem MA 01970

Agent

Name: Alexander Barmin

Office

Name: Averbuch Realty

Phone: 617-699-0416

Payment Calculator

, Interest

Property Taxes 849

Principal & Interest 5853.6

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Averbuch Realty

Alexander Barmin

Agent Phone

Office Phone

(617) 699-0416

Text Agent Call Agent Call Office

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EXIT

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