$1,625,000
2-4 Saunders St
Salem, MA, 01970
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 20 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.
Property Details
Price:
$1,625,000
MLS #:
73592435
Status:
Active
Beds:
8
Baths:
6.5
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
Listed Date:
Oct 19, 2026
Finished Sq Ft:
5,795
Total Sq Ft:
5,795
Lot Size:
5,397 sqft / 0.12 acres (approx)
Year Built:
1800
Units:
6
Schools
Interior
Above Grade Finished Area
5795
Bathrooms
6 Full Bathrooms, 1 Half Bathroom
Flooring
Tile, Vinyl, Varies, Hardwood
Heating
Oil
Interior Features
Living Room, Dining Room, Kitchen, Office/Den
Levels
7
Exterior
Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Highway Access
Lot Features
Corner Lot
Open Parking YN
1
Parking Features
On Street
Roof
Shingle, Rubber
Stories
7
Waterfront Features
Ocean, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
Financial
Tax Year
2026
Taxes
$17,023
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Current real estate data for Multi Family in Salem as of Oct 26, 2026
23
Multi Family Listed
121
Avg DOM
314
Avg $ / SqFt
$1,349,417
Avg List Price
Community
- Address2-4 Saunders St Salem MA
- CitySalem
- CountyEssex
- Zip Code01970
Subdivisions in Salem
Similar Listings Nearby
Property Summary
- 2-4 Saunders St Salem MA is a Multi Family for sale in Salem, MA, 01970. It is listed for $1,625,000 To schedule a showing of MLS#73592435 at 2-4 Saunders St in Salem, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of North Shore Realty Advisors. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing 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 or leasing. 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 set forth herein.
2-4 Saunders St
Salem, MA