$1,050,000
47 Winthrop St
Salem, MA, 01970
Turnkey 3-family gem in the heart of downtown Salem! Fully renovated units, strong rental income, and location make this an exceptional opportunity for investors or owner-occupants seeking cash flow and long-term growth. Unit 1 offers 3 beds/2 baths with stylish finishes and generous living space. Unit 2 features 3 beds/1.5 baths has been renovated and will be delivered vacant ideal for an owner to move right in. Unit 3 is a spacious 1 bed/1 bath with separate kitchen, living and dinning room. Beautiful hardwood floors, modern kitchens, and updated baths through out the home. Exterior improvements and solid systems make this a low-maintenance asset. Current rents: $3,300 (U1), $3,100 (U2), $2,022 (U3). Excellent tenant history, responsible residents, and unbeatable proximity to shops, dining, commuter rail, and waterfront. Whether you’re looking to expand your portfolio or live in one unit and let the others pay the mortgage this property checks all the boxes.
Property Details
Price:
$1,050,000
MLS #:
73381487
Status:
Active Under Contract
Beds:
7
Baths:
4.5
Address:
47 Winthrop St
Type:
Multi Family
Subtype:
3 Family
City:
Salem
Listed Date:
May 28, 2025
State:
MA
Finished Sq Ft:
2,858
Total Sq Ft:
2,858
ZIP:
01970
Lot Size:
2,997 sqft / 0.07 acres (approx)
Year Built:
1915
Units:
3
Schools
Interior
Appliances
E N E R G Y S T A R Qualified Refrigerator, E N E R G Y S T A R Qualified Dishwasher, Range, Refrigerator
Bathrooms
4 Full Bathrooms, 1 Half Bathroom
Cooling
Heat Pump
Flooring
Tile, Hardwood
Heating
Hot Water, Natural Gas, Forced Air, Heat Pump, Oil
Exterior
Community Features
Public Transportation, Shopping, Park, Walk/ Jog Trails, Medical Facility, Laundromat, Bike Path, House of Worship, Public School, T- Station, University, Sidewalks
Construction Materials
Frame
Exterior Features
Rain Gutters
Parking Features
Paved Drive, Off Street
Parking Spots
1
Roof
Slate, Rubber
Financial
Tax Year
2025
Taxes
$8,806
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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Courtesy of Nina-Soto Realty, LLC. 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.
47 Winthrop St
Salem, MA
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