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About this property
A rare opportunity to purchase a mixed use property along one of Boston's most storied commercial corridors, 111 Salem Street is ideally situated just one block from iconic Hanover Street in the heart of the North End. Offering approximately 4,500 square feet of commercial and residential space, the property combines established restaurant infrastructure, income potential, and long term flexibility. The commercial component spans three levels, including a street level restaurant, an extensively refurbished permitted lower level food preparation kitchen, and an additional level with private office and storage space. Features include walk in refrigeration, upgraded electrical systems, a service elevator with pallet lift connecting the commercial levels, and a dedicated rear roll up delivery entrance. Expansive signage extending along both sides of the building and projecting over the sidewalk provides prominent visibility along this highly trafficked North End corridor. Recent improvements include brick replacement and repointing at the front and rear, new gutters and drain pipes, and fire escape certification dated September 1, 2026. The restaurant is currently occupied by an established, long term tenant under a triple net (NNN) lease through December 2027. Above, 3 vacant two bedroom, one bathroom apartments, each equipped with air conditioning, offer immediate leasing flexibility, with potential for renovation, reconfiguration, or expansion to create larger residences, subject to applicable approvals. Existing roof access presents the potential for a future roof deck, subject to feasibility and necessary approvals. Whether envisioned as a future restaurant or hospitality destination, a 1031 exchange acquisition, or a long term mixed-use investment, 111 Salem Street offers a compelling combination of location, infrastructure, and versatility in one of Boston's most established neighborhoods.
Property details
| Units | 4 |
| Living area | 4,492 sqft |
| Lot size | 1,300 sqft |
| Year built | 1920 |
| Price / sqft | $1,112 |
| County | Suffolk |
| MLS # | 73593367 |
Listing status
| Days on market | 0 days |
| Listed on | October 21, 2026 |
Taxes & financials
| Annual property tax | $20,396 |
| Tax year | 2026 |
| Assessed value | $1,110,300 |
| Zoning | RC |
| Gross income (actual) | $156,672/yr |
| Total actual rent | $13,056/mo |
Building & lot
| Stories | 6 |
| Total rooms | 17 |
| Lot size | 0.03 acres |
| Garage spaces | 0 |
| Parking spaces | 0 |
| Foundation | Concrete Perimeter, Stone, Brick/Mortar |
| Roof | Rubber |
| Construction | Brick |
| Flooring | Tile, Hardwood |
Utilities & systems
| Heating | Forced Air |
| Cooling | Central Air |
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Range, Dishwasher, Refrigerator |
Location
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Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 111 Salem Street, Boston MA 02113 have?
It is a 4-unit multi-family property with 4,492 sqft of living area, built in 1920.
How long has 111 Salem Street, Boston MA 02113 been on the market?
111 Salem Street, Boston MA 02113 has been listed for 0 days (since October 21, 2026).
What is the price per unit?
At a list price of $4,995,000 across 4 units, that works out to roughly $1,248,750 per unit.
What are the property taxes on 111 Salem Street, Boston MA 02113?
Annual property taxes are $20,396 (2026), on an assessed value of $1,110,300.
What is the price per square foot?
At $4,995,000 for 4,492 sqft, that's about $1,112 per square foot.
Where is this property located?
111 Salem Street, Boston MA 02113 is in Boston, Suffolk County, MA 02113.
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