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INVESTMENT SNAPSHOT
About this property
39 Salem Street contains three, renovated (3) 3-Bedroom/1-Bathroom units with 3,391 square feet of gross living area in 5,521 square feet of gross area. The Property is situated upon a 0.07-acre parcel and features eight (8) off-street parking spaces via four (4) tandem pairs. 39 Salem Street is well-positioned in Salem, offering strong access to the city’s historic downtown, neighborhood retail corridors, and surrounding residential neighborhoods. Situated in “The Point” neighborhood of Salem, 39 Salem Street offers residents proximity to Palmer Cove to the south, as well as being walking distance from attractions such as the Salem Harbor Walk, Peabody Essex Museum, Salem Witch Museum, and Salem Common. Tenants are responsible for electric baseboard heating, electric powered hot water, and separately metered electricity. The Landlord is responsible for providing city water & sewer.
Property details
| Units | 3 |
| Living area | 3,391 sqft |
| Lot size | 3,049 sqft |
| Year built | 1915 |
| Price / sqft | $293 |
| County | Essex |
| MLS # | 73581012 |
Listing status
| Days on market | 0 days |
| Listed on | September 22, 2026 |
Taxes & financials
| Annual property tax | $8,139 |
| Tax year | 2026 |
| Assessed value | $748,500 |
| Zoning | R3 |
| Gross income (actual) | $92,016/yr |
| Net operating income (actual) | $68,619/yr |
| Total actual rent | $7,668/mo |
| Electric expense | $330/yr |
| Insurance expense | $3,000/yr |
Building & lot
| Stories | 3 |
| Total rooms | 15 |
| Lot size | 0.07 acres |
| Garage spaces | 0 |
| Parking spaces | 8 |
| Parking | Paved Drive, Off Street, Paved |
| Basement | Unfinished |
| Foundation | Stone |
| Roof | Shingle |
Utilities & systems
| Heating | Electric |
| 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 39 Salem Street, Salem MA 01970 have?
It is a 3-unit multi-family property with 3,391 sqft of living area, built in 1915.
How long has 39 Salem Street, Salem MA 01970 been on the market?
39 Salem Street, Salem MA 01970 has been listed for 0 days (since September 22, 2026).
What is the price per unit?
At a list price of $995,000 across 3 units, that works out to roughly $331,667 per unit.
What are the property taxes on 39 Salem Street, Salem MA 01970?
Annual property taxes are $8,139 (2026), on an assessed value of $748,500.
What is the price per square foot?
At $995,000 for 3,391 sqft, that's about $293 per square foot.
Is there parking?
8 total parking spaces (paved drive, off street, paved).
Where is this property located?
39 Salem Street, Salem MA 01970 is in Salem, Essex County, MA 01970.
