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INVESTMENT SNAPSHOT
About this property
Great investment or owner occupied opportunity! Two oversized two-level apartments in a highly desired area of Salem. Property located close to Swampscott Line and Salem State University. Each apartment includes three bedrooms, living room, dining room, office, kitchen, three full bathrooms, hallway. Second floor has a similar floor plan. Both with hardwood floors. Recent updates: house painted outside and inside, 2 new separate gas heating systems, 6 car parking plus 2 garages. All separate utilities.
Property details
| Units | 2 |
| Living area | 3,342 sqft |
| Lot size | 5,606 sqft |
| Year built | 1930 |
| Price / sqft | $284 |
| County | Essex |
| MLS # | 73598408 |
Listing status
| Days on market | 0 days |
| Listed on | November 3, 2026 |
Taxes & financials
| Annual property tax | $10,188 |
| Tax year | 2026 |
| Assessed value | $836,800 |
| Zoning | R 1 |
| Gross income (actual) | $90,000/yr |
| Net operating income (actual) | $62,000/yr |
| Total actual rent | $7,300/mo |
Building & lot
| Stories | 2 |
| Total rooms | 16 |
| Lot size | 0.13 acres |
| Garage spaces | 2 |
| Parking spaces | 10 |
| Parking | Paved Drive |
| Basement | Full |
| Foundation | Concrete Perimeter |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Salem →
Listing courtesy of Averbuch Realty — Alexander Barmin. Listing data © MLS PIN.
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Questions & answers
Answered from the listing data and public map data.
How many units does 249 Loring Ave, Salem MA 01970 have?
It is a 2-unit multi-family property with 3,342 sqft of living area, built in 1930.
How long has 249 Loring Ave, Salem MA 01970 been on the market?
249 Loring Ave, Salem MA 01970 has been listed for 0 days (since November 3, 2026).
What is the price per unit?
At a list price of $950,000 across 2 units, that works out to roughly $475,000 per unit.
What are the property taxes on 249 Loring Ave, Salem MA 01970?
Annual property taxes are $10,188 (2026), on an assessed value of $836,800.
What is the price per square foot?
At $950,000 for 3,342 sqft, that's about $284 per square foot.
Is there parking?
2 garage spaces and 10 total parking spaces (paved drive).
Where is this property located?
249 Loring Ave, Salem MA 01970 is in Salem, Essex County, MA 01970.
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