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ActiveListed 36 days ago

$7,599,000

233 Lafayette, Salem, MA 01970

32
beds
26
baths
17,744
sqft
Lot sizeThe land that comes with the home, as reported to the MLS.
10,359 sqft
Year builtThe year the building was originally built, as reported by the listing agent.
1915
On the marketDays since the home was listed. New listings tend to move fastest.
36 days ago
Property type
5+ Family - 5+ Units Up/Down
Price per sqftList price divided by interior living area — handy for comparing homes of different sizes.
$428
ParkingSpaces that come with the home, as reported to the MLS.
0 spaces
Annual taxesLast annual property tax bill reported to the MLS. A new owner's bill can differ.
$51,331

What’s Special

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.

Listing courtesy of Francesca Little, Little & Co., REALTORS® · MLS PIN #73576567

Facts & Features

Status
Active
Active status flag
Active
Bedrooms
32
Bathrooms
26 full
Living area
17,744 sqft

MLS PIN #73576567 · Listed September 14, 2026

Location

233 Lafayette, Salem · All Salem homes

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

$7,599,000

233 Lafayette

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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.