$7,699,000
233 Lafayette
Salem, MA, 01970
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.
Property Details
Price:
$7,699,000
MLS #:
73576567
Status:
Active
Beds:
32
Baths:
26
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
Listed Date:
Sep 14, 2026
Finished Sq Ft:
17,744
Total Sq Ft:
17,744
Lot Size:
10,359 sqft / 0.24 acres (approx)
Year Built:
1915
Units:
26
Schools
Interior
Above Grade Finished Area
15889
Bathrooms
26 Full Bathrooms
Below Grade Finished Area
1855
Flooring
Wood
Levels
3
Exterior
Community Features
Public Transportation, Park, Medical Facility, Laundromat, House of Worship, Public School, T-Station, University
Construction Materials
Brick
Lot Features
Other
Roof
Rubber
Stories
3
Financial
Tax Year
2026
Taxes
$51,331
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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Map
Current real estate data for Multi Family in Salem as of Sep 21, 2026
20
Multi Family Listed
120
Avg DOM
323
Avg $ / SqFt
$1,449,385
Avg List Price
Community
- Address233 Lafayette Salem MA
- CitySalem
- CountyEssex
- Zip Code01970
Subdivisions in Salem
Similar Listings Nearby
Property Summary
- 233 Lafayette Salem MA is a Multi Family for sale in Salem, MA, 01970. It is listed for $7,699,000 To schedule a showing of MLS#73576567 at 233 Lafayette in Salem, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of Little & Co., REALTORS®. 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.
233 Lafayette
Salem, MA