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1 Prince St
Salem, MA 01970 South Salem

$2,650,000 USD

Multifamily For Sale  •  6,656 SF

Property Details

  • Property Type Multifamily
  • Total Building Size 6,656 SF
  • Year Built 1960
  • Cap Rate 5.77 %
  • Zoning R3
40 Transit Score
90 Walk Score

Property Flyers

Financial Summary (Actual)

Net Operating Income: $152,965 USD (2025)
Cap Rate: 5.77 %
Total Expenses: $64,535 USD

Public Transportation

Commuter RailDriveWalkDistance
Salem (Newburyport/Rockport Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line)) 2 min 15 min 0.8 mi
Beverly Depot (Newburyport/Rockport Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line)) 5 min - 2.5 mi
AirportDriveWalkDistance
General Edward Lawrence Logan International 26 min - 14.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Francesca Little 978-973-7277 Little & Co., REALTORS®
Francesca Little 978-973-7277 Little & Co., REALTORS®