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32 Beds
26 Baths
17,744 sqft

$7,699,000

233 Lafayette, Salem MA, 01970

Price per sqft$433.89
Built in1915
Property size17,744 sqft
Property typeMulti-family

Overview

Active

New

Listed Sep 14, 2026

Updated 5h ago

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.

$51,222/mo

Est. mortgage payment based on a $7,699,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
73576567

Interior Features

Bedrooms
32
Bathrooms
26
Basement
No

Exterior Features

Lot Size
0.24 Acres

Other Property Details

Taxes
$51,331
Tax Frequency
Annually
55+/Senior Community
No

This listing is provided by Francesca Little with Little & Co., REALTORS®

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Data last updated 1:58 PM UTC, 9/14/2026

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