Sold
Last Sold Price
8 beds4,118 sqft$212/sqft
1 Ropes St, Salem, MA 01970
Multi FamilyProperty Type
3,484 sq ftLot Size
1915Year Built
$212/sq ftPrice per sq ft

Description

This rare four family is a great investment property or your next/1031 exchange! It has a fabulous location. It's centrally located to Pickering Wharf, waterfront, museums, shops , stores, restaurants, commuter rail and Salem State University. They are all minutes away. This multi family property boast 20 rooms, 8 bedrooms, and 4 full baths in these spacious 5 room units, with 4118 square feet of total living area. The units all have individual gas and electric meters per unit. The apartments have...This rare four family is a great investment property or your next/1031 exchange! It has a fabulous location. It's centrally located to Pickering Wharf, waterfront, museums, shops , stores, restaurants, commuter rail and Salem State University. They are all minutes away. This multi family property boast 20 rooms, 8 bedrooms, and 4 full baths in these spacious 5 room units, with 4118 square feet of total living area. The units all have individual gas and electric meters per unit. The apartments have hardwood floors and pantries in each unit, and individual storage units in the basement. They are all separate furnaces and hot water tanks, and have been replaced in the last couple of years as well. There is a washer dryer hook up in the basement also. The units are fully occupied and they are tenants at will. These rents are currently below market value. So set up your appointment today, 24 to 48 hours needed to schedule showings with tenants.
  • Listed by: Anthony Verdone • Century 21 North East
Listing closed: 01/07/2021 12:00 AM • Source: MLS PIN, MLS#: 72702130

Recent comparable sales

Median sold price

$1,002,500

Avg days on market

34

Sale-to-list ratio

97.0%

Salem, MA

9 comparable properties found

a view of a building with a street
1/43
1

$1,002,500

Sold 07/02/26

8
Bedrooms
3,943
Square Feet
0.08
Acres
a front view of a house with a yard
1/13
2

$1,050,000

Sold 06/04/25

8
Bedrooms
4,486
Square Feet
0.09
Acres
$1,000,000 | 5 Oliver Street, Salem, MA 01970
1/43
3

$1,000,000

Sold 12/19/24

7
Bedrooms
3,919
Square Feet
0.11
Acres
$1,020,000 | 101 Ocean Avenue, Salem, MA 01970
1/31
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Sold 05/28/26

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Bedrooms
4,394
Square Feet
0.11
Acres
$1,100,000 | 20 Hersey Street, Salem, MA 01970
1/34
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Sold 02/21/25

8
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3,084
Square Feet
0.11
Acres
$910,000 | 23 Surrey Road, Salem, MA 01970
1/41
6

$910,000

Sold 11/04/24

7
Bedrooms
3,544
Square Feet
0.53
Acres
$900,000 | 39 Mason Street, Salem, MA 01970
1/43
7

$900,000

Sold 07/28/26

8
Bedrooms
3,419
Square Feet
0.12
Acres
$1,050,000 | 1 Japonica Avenue, Salem, MA 01970
1/6
8

$1,050,000

Sold 06/17/25

8
Bedrooms
5,418
Square Feet
0.27
Acres
$920,000 | 29 Harbor Street, Salem, MA 01970
1/18
9

$920,000

Sold 01/09/25

7
Bedrooms
3,155
Square Feet
0.12
Acres

Location

Listing Courtesy of Century 21 North East, Anthony Verdone

Sold By Broad Street Boutique Realty LLC, Egi Gjikondi

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Payment Calculator

$5,303 per month

30 year fixed, 6.71% Interest

Principal and Interest

$4,522

Property Taxes

$781

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1 Ropes Street

Property Details
  • Taxes: $9,372 / year
  • MLS Type: Multi-family / 4 Family - 4 Units Side by Side
  • County: Essex County
  • Town: Salem
  • Area: MA-Salem
  • Garage Spaces: 0
  • Parking Spaces Total: 0
Building Information
  • Stories: 6
  • Residences: 4
  • Year Built: 1915
  • Lot Size: 0.08 AC / 3,484 SF
General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Golf Course, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
  • Current Financing: Conv. Fixed
  • Living Area: 4118.0
  • Color: Red
  • Total Units: 4
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Washer, Dryer, Unit 1(Range, Refrigerator), Unit 2(Range, Unit 3(Range, Unit 4(Range, Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Dryer
  • Basement Features: Full
  • Num of Baths: 4.0
  • Num of Full Baths: 4
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 4.00
  • Bathrooms Total Integer: 4
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Vinyl, Varies Per Unit, Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors), Unit 3(Hardwood Floors), Unit 4(Hardwood Floors)
  • Interior Features: Storage, Unit 1(Pantry, High Speed Internet Hookup, Bathroom With Tub & Shower), Unit 2(Pantry, Unit 3(Pantry, Unit 4(Pantry, Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Living Room, Unit 3 Rooms(Living Room, Unit 4 Rooms(Living Room
  • Laundry Features: Laundry Room, Washer Hookup
Exterior Features
  • Construction: Frame
  • Exterior Features: Rain Gutters
  • Exterior Features: Porch, Porch - Enclosed
  • Lot Description: Level
  • Patio And Porch Features: Porch, Enclosed
  • Roof Material: Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: On Street Permit
  • Open Parking: Yes
  • Parking Features: On Street Permit
  • Parking Features: On Street Permit
Utilities
  • Cooling: Unit 1(Window AC), Unit 2(Window AC), Unit 3(Window AC), Unit 4(Window AC)
  • Cooling: Yes
  • Electric: Circuit Breakers
  • Heating: Unit 1(Gas), Unit 2(Gas), Unit 3(Gas), Unit 4(Gas)
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range, for Electric Dryer, Washer Hookup
  • Water: Public
Property Information
Property Info
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Listing agent nor the seller make any warranties of any kind all third party information. The buyer and the buyer agent to do their own due diligence confirming listing information. Property is being sold as is as seen! Pictures are from random units. The apartments have the same layouts per sellers
Tax Information
  • Listing Terms: Contract
  • Tax ID: 2135899
  • Assessments: $648,600
  • Book: 36285
  • Lot: 0407
  • Map: 34
  • Tax Year: 2020
  • Zoning: R3
Building / Association Information
Living Characteristics
  • Beds Total: 8
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Stone, Brick/Mortar
  • Cooling Zones: 0
  • Heat Zones: 4
Income / Expenses
  • Electricity: $800.00
  • Annual Expenses Source: Estimated, Owner
  • GOI: $72,000.00
  • Insurance: $3,500.00
  • GRE: $6,600
  • MSE: $1,500
  • NOI: $65,400.00
  • Operating Expense: $6,600.00
  • WSE: $800.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Lease U4: N
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $6,000.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 1

Property History for 1 Ropes Street

DateEvent & SourcePriceAppreciation
Jan 7, 2021

Sold

MLS PIN #72702130

$875,000
Oct 19, 2020

Contingent

MLS PIN #72702130

Aug 1, 2020

Listed (Active)

MLS PIN #72702130

$924,900
DateEvent & SourcePrice
01/07/2021

Sold

MLS PIN #72702130

$875,000
10/19/2020

Contingent

MLS PIN #72702130

08/01/2020

Listed (Active)

MLS PIN #72702130

$924,900

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1 Ropes Street

Taxable ValueLand$164,500Additions$953,500Total$1,118,000
Tax Record2025$12,678 ($1,056 / month)
Home Facts
Baths4Total Finished SqFt4,118 SqFtAbove Grade Finished SqFt4,118 SqFtUnfinished Basement SqFt2,059 SqFtStories2Lot Size3,467 SqFtStyleMulti-Family Res (5+ Units)Year Built1915Year Renovated1915ZoningB1CountyESSEXAPNSALE M:34 L:0407

Schools near 1 Ropes Street

This home is within Salem School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 5
Public - K to 5
Public - K to 5
Rating
School
Distance
Bates
PublicPK to 5

Horace Mann Laboratory School
PublicPK to 5

Carlton Elementary School
PublicK to 5

Witchcraft Heights Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1 Ropes Street, Salem, MA 01970
$875,000
8
4,118
3,484
2
2,737
2,892
$475,000
8
4,100
6,138
$67,500
2
2,680
2,879
$377,000
9
5
4,200
$405,000
6
4,177
6,359

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 North East, Anthony Verdone

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS 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.