233 Lafayette Salem — Photo 1 of 22
$7,699,000
233 Lafayette, Salem, MA 01970
Salem, MA 01970
Beds
32
Baths
26
SqFt
17,744
Style
5+ Family - 5+ Units Up/Down
Built
1915
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.
Key facts
It was listed on September 14, 2026. The annual property taxes are $51,331 (2026 tax year). It sits on a 0.24-acre (10,359 sq ft) lot.
Market Value Analysis
* Analysis is based on 21 actively listed and recently sold comparable properties strictly within Salem, MA.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Park • Medical Facility • Laundromat • House of Worship • Public School
Geography
Property History
$7,699,000
Sep 14, 2026
MLS® 73576567
$2,550
May 15, 2026
MLS® 73519705
$7,995,000
Apr 30, 2026
MLS® 73494351
$7,995,000
Apr 1, 2026
MLS® 73494351
Questions about this home
When was 233 Lafayette, Salem listed?
233 Lafayette, Salem was listed on September 14, 2026.
Has the price of 233 Lafayette, Salem changed?
The price hasn't changed since it was listed at $7,699,000.
What are the property taxes for 233 Lafayette, Salem?
The annual property taxes for 233 Lafayette, Salem are $51,331 (2026 tax year).
How big is the lot at 233 Lafayette, Salem?
233 Lafayette, Salem sits on a 0.24-acre (10,359 sq ft) lot.
What is the status of 233 Lafayette, Salem?
233 Lafayette, Salem is actively listed for sale.
Population
44,738
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
Median Household Income
$85K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
Renter-Occupied Homes
50.4%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
New Construction Permits — Essex County
1,060 housing units permitted in the last 12 months (-11% vs the prior 12 months) — 603 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jul '26)
Listing Agent: Francesca Little
Listing Office: Little & Co., REALTORS®
MLS® Number: 73576567
