Sold
Last Sold Price
8 beds4,486 sqft
11 Ropes St, Salem, MA 01970
Multi FamilyProperty Type
0.09 acresLot Size
1915Year Built
$234/sq ftPrice per sq ft
1 carParking Spaces

Description

Discover the potential of this spacious and well-located multifamily property, offering versatility and strong income potential. Property Features, three large, well-appointed units, generously sized bedrooms in each unit, private driveway plus additional resident street parking. Short walking distance to the commuter rail station, steps from Salem’s vibrant downtown shopping and restaurant district. This is a rare opportunity for investors or owner-occupants to own a versatile property with long-term...Discover the potential of this spacious and well-located multifamily property, offering versatility and strong income potential. Property Features, three large, well-appointed units, generously sized bedrooms in each unit, private driveway plus additional resident street parking. Short walking distance to the commuter rail station, steps from Salem’s vibrant downtown shopping and restaurant district. This is a rare opportunity for investors or owner-occupants to own a versatile property with long-term upside. Whether you’re looking to generate rental income, create a multi-generational living space, or explore future value-add possibilities, this property offers endless potential.
  • Listed by: Sonya Aoude • Law Offices of Bradford Eliot Keene, P.C.
Listing closed: 06/04/2025 12:00 AM • Source: MLS PIN, MLS#: 73360416

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Recent comparable sales

Median sold price

$1,050,000

Avg days on market

32

Sale-to-list ratio

96.2%

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
$1,050,000 | 1 Japonica Avenue, Salem, MA 01970
1/6
2

$1,050,000

Sold 06/17/25

8
Bedrooms
5,418
Square Feet
0.27
Acres
a view of a hallway with wooden floor and staircase
1/43
3

$1,250,000

Sold 12/30/24

7
Bedrooms
3,500
Square Feet
0.06
Acres
$900,000 | 39 Mason Street, Salem, MA 01970
1/43
4

$900,000

Sold 07/28/26

8
Bedrooms
3,419
Square Feet
0.12
Acres
a building view
1/25
5

$1,225,000

Sold 12/01/25

7
Bedrooms
3,650
Square Feet
0.07
Acres
$920,000 | 29 Harbor Street, Salem, MA 01970
1/18
6

$920,000

Sold 01/09/25

7
Bedrooms
3,155
Square Feet
0.12
Acres
$1,140,000 | 17 Roslyn Street, Salem, MA 01970
1/43
7

$1,140,000

Sold 05/20/26

7
Bedrooms
4,330
Square Feet
0.13
Acres
$1,100,000 | 20 Hersey Street, Salem, MA 01970
1/34
8

$1,100,000

Sold 02/21/25

8
Bedrooms
3,084
Square Feet
0.11
Acres
$1,000,000 | 5 Oliver Street, Salem, MA 01970
1/43
9

$1,000,000

Sold 12/19/24

7
Bedrooms
3,919
Square Feet
0.11
Acres

Location

Listing Courtesy of Law Offices of Bradford Eliot Keene, P.C., Sonya Aoude

Sold By Keller Williams Realty Evolution, Joaquin Lemus

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Payment Calculator

$6,466 per month

30 year fixed, 7.03% Interest

Principal and Interest

$5,605

Property Taxes

$861

HOA Dues

$0

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Property Information for 11 Ropes Street

Property Details
  • Taxes: $10,327 / year
  • MLS Type: Multi-family / 3 Family
  • County: Essex County
  • Town: Salem
  • Area: MA-Salem
  • Garage Spaces: 0
  • Open Parking Spaces: 1.00
  • Parking Spaces Total: 1
Building Information
  • Stories: 3
  • Residences: 3
  • Year Built: 1915
  • Lot Size: 0.09 AC / 4,116 SF
General Details
Property Details
  • Building Area Units: Square Feet
  • Current Financing: Conv. Fixed
  • Living Area: 4486.0
  • SqFt with Basement: No
  • Total Units: 3
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Finished
  • 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
  • Interior Features: Living Room, Dining Room, Kitchen
  • SpaYN: No
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive
  • Open Parking: Yes
  • Parking Features: Paved Drive
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Disclosures: Seller makes no warranties; Seller does not live at the property. Property is being sold as is. 2 units are Certified treated for lead 1 unit has been treated but not tested
Tax Information
  • Tax ID: M:34 L:0271,2135733
  • Assessments: $910,700
  • Book: 37524
  • Tax Year: 2025
  • Zoning: R3
Building / Association Information
Living Characteristics
  • Beds Total: 8
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Granite
  • Levels: 3
Income / Expenses
  • GOI: $71,400.00
  • NOI: $71,400.00
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: 2
  • Lease U2: N
  • Levels U2: 1
Rental Info
Rental Info
  • Total Actual Rent: $.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2

Property History for 11 Ropes Street

DateEvent & SourcePriceAppreciation
Jun 4, 2025

Sold

MLS PIN #73360416

$1,050,000—
Apr 22, 2025

Under Agreement

MLS PIN #73360416

—
Apr 22, 2025

Contingent

MLS PIN #73360416

—
DateEvent & SourcePrice
06/04/2025

Sold

MLS PIN #73360416

$1,050,000
04/22/2025

Under Agreement

MLS PIN #73360416

—
04/22/2025

Contingent

MLS PIN #73360416

—

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

Public Records for 11 Ropes Street

Taxable ValueLand$167,200Additions$743,500Total$910,700
Tax Record2025$10,327 ($861 / month)
Home Facts
Baths4Total Finished SqFt4,486 SqFtAbove Grade Finished SqFt4,486 SqFtUnfinished Basement SqFt358 SqFtStories3Lot Size4,116 SqFtStyleTriplexYear Built1915Year Renovated1915ZoningR3CountyESSEXAPNSALE M:34 L:0271

Schools near 11 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
Horace Mann Laboratory School
PublicPK to 5

Bates
PublicPK to 5

Witchcraft Heights Elementary School
PublicK to 5

Carlton 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: 11 Ropes Street, Salem, MA 01970
$1,050,000
8
4,486
4,116
$305,000
2
741
–
$330,000
2
742
–
$305,000
2
742
–
$156,900
1
794
–
$175,900
2
741
–

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 Law Offices of Bradford Eliot Keene, P.C., Sonya Aoude

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.