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233 Lafayette, 
Salem, MA 01970

$7,995,000

32

Beds

26

Baths

17,755

Sq Ft

Multi-Family

Active

Listed by

Francesca Little

, 

Francesca Little

Little & Co., Realtors®

978-745-4447

Last updated:

April 15, 2026, 10:36 AM

MLS#

73494351

Source:

MLSPIN

About This Home

233 Lafayette

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.

Home Facts

Multi-Family

26 Baths

32 Bedrooms

Built in 1915

Price Summary

7,995,000

$450 per Sq. Ft.

MLS #:

73494351

Last Updated:

April 15, 2026, 10:36 AM

Rooms & Interior

Bedrooms

Total Bedrooms:

32

Bathrooms

Total Bathrooms:

26

Full Bathrooms:

26

Interior

Living Area:

17,755 Sq. Ft.

Structure

Structure

Building Area:

17,755 Sq. Ft.

Year Built:

1915

Lot

Lot Size (Sq. Ft):

10,359

Finances & Disclosures

Finances

Price:

$7,995,000

Price per Sq. Ft:

$450 per Sq. Ft.

Source:MLSPIN
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.