1-7 Prince St
$1,275,000
8
Beds
4
Baths
3,400
Sqft
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$1,275,000
8
Beds
4
Baths
3,400
Living Area
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Property Description
Turnkey 4-unit investment opportunity in Salem perfect for investor or owner occupant. The Property consists four (4) 2-bedroom units, along with 5 off-street parking spaces. Heat and hot water are included in rent. The property has been extensively updated, featuring renovated kitchens and baths with granite countertops and stainless steel appliances, updated electrical, a newer roof, and new insulation in attic and walls. Additional highlights include basement storage and a clean, well-maintained condition, making this an ideal opportunity for investors seeking a low-maintenance, stabilized asset with upside through future rent optimization. See attached for the OM with detailed financials.
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Highlights
- Heating: Oil
- Parking Spots: 5
- Property Type: 4 Family
- Total Rooms: 16
- Status: Active
- Levels: 4
- Property Class: Residential Income
- Stories: 4
- Year Built: 1960
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Additional Details
- Basement: Full, Concrete
- Flooring: Wood
- Lot Features: Other
- Roof: Shingle
- Total Number of Units: 4
- Year Built Source: Public Records
- Construction: Frame
- Foundation: Concrete Perimeter
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: R3
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Amenities
- Community Features: Public Transportation, Park, Highway Access, House of Worship, T-Station
- Parking Features: Off Street
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Utilities
- Electric: 200+ Amp Service
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,432,100
- Tax Year: 2025
- Total Rent: $9,050
- Rental Fee Includes: Unit 1(Heat, Hot Water), Unit 2(Heat, Hot Water), Unit 3(Heat, Hot Water), Unit 4(Heat, Hot Water)
- Taxes: $8,120
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Little & Co., REALTORS®.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.