233 Lafayette Salem — Photo 1 of 22
$7,699,000
Investment Analysis — 233 Lafayette
Salem, MA 01970
Based on rent reported on the MLS listing, a 26-unit multi-family in 01970 carries $32,767/mo in gross rent — about a 3.21% cap rate and $247,504/yr in estimated NOI at the $7,699,000 list price. Adjust every assumption in the calculator below.
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.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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
Listing Agent: Francesca Little
Listing Office: Little & Co., REALTORS®
MLS® Number: 73576567