NEW PRICE!!! 9.81% CAP RATE | $250K+ GROSS INCOME | $196K+ NOI | 6 UNITS / 20 BEDROOMS! Exceptional opportunity to acquire a strong cash-flowing 6-unit multifamily in desirable Salem. Featuring an attractive unit mix of two spacious 4-bedroom units and four 3-bedroom units, the property generates approximately $250K in gross annual income with an estimated $196K NOI. Additional income from on-site laundry and storage, with further upside through future rent optimization and operational efficiencies. Convenient access to Boston via MBTA Commuter Rail and close to Salem’s vibrant downtown, waterfront, restaurants, shopping, and entertainment. Newly repositioned at $1.999M, offering a compelling 9.81% cap rate, strong in-place income, immediate cash flow, and long-term upside potential.
| MLS Listing ID: | 73575709 |
|---|---|
| Listing Price: | $1,999,000 |
| Listing Status: | New [?] |
| Property Type: | Multi Family |
| Bedrooms: | 20 |
| Full Baths: | 6 |
| Living Space: | 7044 sf. |
| Lot Size: | 0.16 acres (7052 sf.) |
| Parking: | Yes |
| Taxes: | $18,974.00 |
| Tax Year: | 2026 |
Listing Current as of September 13, 2026 3:00pm
This listing brought to you by Elsa Liu of Realty ONE Group Cosmopolitan.
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