2-4 Saunders St
$1,625,000
8
Beds
6/1
Baths
5,795
Sqft
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$1,625,000
8
Beds
6/1
Baths
5,795
Living Area
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Property Description
2–4 Saunders Street is a six-unit multifamily investment in Salem’s historic Bridge Street Neck neighborhood. Offered for the first time in more than 30 years, the property combines distinctive architectural character with value-add potential. Originally constructed in 1873 as the Arthur & George Phippen Double House, the Italianate-style building contains 8,792± square feet of total building area and 5,795± square feet of rentable living area. The unit mix includes one (1) one-bedroom apartment, four (4) one-bedroom-plus-office apartments, and one (1) two-bedroom, 1.5-bathroom townhome. The residences feature spacious layouts, high ceilings, abundant natural light, and hardwood floors. Coin-operated laundry provides supplemental income, while basement storage offers an additional revenue opportunity. Within walking distance of public transportation, neighborhood restaurants, Salem Common, Downtown Salem, and the waterfront, the property offers convenient access to the city’s primary amenities and enduring rental appeal.
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Highlights
- Heating: Oil
- Property Class: Residential Income
- Stories: 7
- Year Built: 1800
- Levels: 7
- Property Type: 5+ Family - 5+ Units Up/Down
- Total Rooms: 24
- Status: Active
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Additional Details
- Basement: Full
- Foundation: Stone
- Interior Features: Living Room, Dining Room, Kitchen, Office/Den
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: R2
- Flooring: Tile, Vinyl, Varies, Hardwood
- Foundation Area: 9999
- Lot Features: Corner Lot
- Roof: Shingle, Rubber
- Total Number of Units: 6
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Highway Access
- Waterfront Features: Ocean, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
- Parking Features: On Street
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Utilities
- Electric: 200+ Amp Service
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,463,900
- Tax Year: 2026
- Total Rent: $9,975
- Rental Fee Includes: Unit 1(Heat, Water, Hot Water), Unit 2(Heat, Water, Hot Water), Unit 3(Heat, Electric, Water, Hot Water), Unit 4(Heat, Water, Hot Water)
- Taxes: $17,023
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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 North Shore Realty Advisors.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.