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INVESTMENT SNAPSHOT
About this property
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
| Units | 26 |
| Living area | 17,744 sqft |
| Lot size | 10,359 sqft |
| Year built | 1915 |
| Price / sqft | $434 |
| County | Essex |
| MLS # | 73576567 |
Listing status
| Days on market | 0 days |
| Listed on | September 14, 2026 |
Taxes & financials
| Annual property tax | $51,331 |
| Tax year | 2026 |
| Assessed value | $4,256,500 |
| Zoning | B1 |
| Gross income (actual) | $695,220/yr |
| Net operating income (actual) | $481,143/yr |
| Total actual rent | $32,767/mo |
Building & lot
| Stories | 3 |
| Total rooms | 62 |
| Lot size | 0.24 acres |
| Garage spaces | 0 |
| Parking spaces | 0 |
| Foundation | Concrete Perimeter |
| Roof | Rubber |
| Construction | Brick |
| Flooring | Wood |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
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 233 Lafayette, Salem MA 01970 have?
It is a 26-unit multi-family property with 17,744 sqft of living area, built in 1915.
How long has 233 Lafayette, Salem MA 01970 been on the market?
233 Lafayette, Salem MA 01970 has been listed for 0 days (since September 14, 2026).
What is the price per unit?
At a list price of $7,699,000 across 26 units, that works out to roughly $296,115 per unit.
What are the property taxes on 233 Lafayette, Salem MA 01970?
Annual property taxes are $51,331 (2026), on an assessed value of $4,256,500.
What is the price per square foot?
At $7,699,000 for 17,744 sqft, that's about $434 per square foot.
Where is this property located?
233 Lafayette, Salem MA 01970 is in Salem, Essex County, MA 01970.
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