Rare opportunity to acquire a fully renovated 26-unit brick asset in one of Salem’s most active rental markets. The Property consists of twelve (12) one-bedroom units, six (6) two-bedroom units and eight (8) studios. 233 Lafayette Street offers investors immediate scale, strong in-place income, and a true turnkey profile with major capital improvements already executed. The property has undergone an extensive renovation in 2020, including a new roof, fully upgraded electrical, new boilers and hot water storage and a new sprinkler system. Unit interiors have been upgraded across the board with updated kitchens and baths with 15 of the units featuring in-unit laundry. See attached OM for detailed financials.
| MLS Listing ID: | 73494351 |
|---|---|
| Listing Price: | $7,995,000 |
| Listing Status: | New [?] |
| Property Type: | Multi Family |
| Bedrooms: | 32 |
| Full Baths: | 26 |
| Living Space: | 17755 sf. |
| Lot Size: | 0.24 acres (10359 sf.) |
| Parking: | - |
| Taxes: | $51,331.00 |
| Tax Year: | 2025 |
Listing Current as of April 05, 2026 6:00am
This listing brought to you by Francesca Little of Little & Co., REALTORS®.
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