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INVESTMENT SNAPSHOT
About this property
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
| Units | 6 |
| Living area | 5,795 sqft |
| Lot size | 5,397 sqft |
| Year built | 1800 |
| Price / sqft | $280 |
| County | Essex |
| MLS # | 73592435 |
Listing status
| Days on market | 0 days |
| Listed on | October 19, 2026 |
Taxes & financials
| Annual property tax | $17,023 |
| Tax year | 2026 |
| Assessed value | $1,463,900 |
| Zoning | R2 |
| Gross income (actual) | $119,700/yr |
| Net operating income (actual) | $66,780/yr |
| Total actual rent | $9,975/mo |
Building & lot
| Stories | 7 |
| Total rooms | 24 |
| Lot size | 0.12 acres |
| Garage spaces | 0 |
| Parking spaces | 0 |
| Parking | On Street |
| Basement | Full |
| Foundation | Stone |
| Roof | Shingle, Rubber |
| Flooring | Tile, Vinyl, Varies, Hardwood |
Utilities & systems
| Heating | Oil |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range |
Location
More about investing in Salem →
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 2-4 Saunders St, Salem MA 01970 have?
It is a 6-unit multi-family property with 5,795 sqft of living area, built in 1800.
How long has 2-4 Saunders St, Salem MA 01970 been on the market?
2-4 Saunders St, Salem MA 01970 has been listed for 0 days (since October 19, 2026).
What is the price per unit?
At a list price of $1,625,000 across 6 units, that works out to roughly $270,833 per unit.
What are the property taxes on 2-4 Saunders St, Salem MA 01970?
Annual property taxes are $17,023 (2026), on an assessed value of $1,463,900.
What is the price per square foot?
At $1,625,000 for 5,795 sqft, that's about $280 per square foot.
Where is this property located?
2-4 Saunders St, Salem MA 01970 is in Salem, Essex County, MA 01970.
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