233 Lafayette St

17,755 Sq. Ft.
$241 / Sq. Ft.
17,755
Sq. Ft.
$241
per Sq. Ft.

Description

Rare opportunity to own a 26 unit rental property in Salem. This property includes 6 - two bedrooms, 12 - one bedrooms, 5 studios and 3 efficiency studios. Well maintained with hardwood flooring throughout. Owner pays for heat and hot water but each unit has separately metered electric and gas range. Coin operated laundry in the basement. Street parking available. Please see attached listing document for detailed income and expenses. Group showings only starting Wednesday 10/9 at 12pm and Thursday...Rare opportunity to own a 26 unit rental property in Salem. This property includes 6 - two bedrooms, 12 - one bedrooms, 5 studios and 3 efficiency studios. Well maintained with hardwood flooring throughout. Owner pays for heat and hot water but each unit has separately metered electric and gas range. Coin operated laundry in the basement. Street parking available. Please see attached listing document for detailed income and expenses. Group showings only starting Wednesday 10/9 at 12pm and Thursday 10/10 at 12pm. Please call to confirm.
  1. Listed by Francesca Little • Little & Co., REALTORS®

Property Details for 233 Lafayette Street

Town
Salem
Area
MA-Salem
Garage Spaces
0
Open Parking Spaces
.00
LISTING UPDATED: 08/06/2022 07:18 AM

Property Details for 233 Lafayette Street

StatusSold
MLS #72573891
Days on Market37
Taxes$30,682 / year
HOA Fees-
Property TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built1915
CountyEssex County

Location

Listing Courtesy of Little & Co., REALTORS®, Francesca Little

Sold By The Mega Group, Brian DApice

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Building Information for 233 Lafayette Street

Stories3Residences26Year Built1915Building Size-Lot Size0.24 AC / 10,454 SF

Payment Calculator

$24,084 per month

30 year fixed, 6.46% Interest

Principal and Interest

$21,527

Property Taxes

$2,557

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 233 Lafayette Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation
  • Current Financing: Exchange or Trade
  • Living Area: 17755.0
  • Total Units: 26
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Unit 1(Range, Refrigerator), Unit 2(Range, Gas Water Heater
  • Basement Features: Unfinished Basement
  • Num of Baths: 26.0
  • Num of Full Baths: 26
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 26.00
  • Bathrooms Total Integer: 26
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Unit 1(undefined), Unit 2(Wood Flooring)
  • Interior Features: Unit 1 Rooms(Kitchen, Living RM/Dining RM Combo), Unit 2 Rooms(Living Room, Kitchen)
  • Laundry Features: Laundry Room
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Other
  • Open Parking: Yes
  • Parking Features: Paved Drive, Other
Utilities
  • Electric: 60 Amps/Less
  • Heating: Unit 1(Hot Water Baseboard, Gas), Unit 2(Hot Water Baseboard
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Disclosures: Subject to buyer verification off all income and expenses.
Tax Information
  • Tax ID: 2135113
  • Assessments: $2,031,900
  • Book: 28637
  • Tax Year: 2019
  • Zoning: B1
Building / Association Information
Living Characteristics
  • Beds Total: 32
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Concrete Perimeter
Income / Expenses
  • Electricity: $3,472.00
  • Annual Expenses Source: Owner
  • GOI: $388,224.00
  • Insurance: $10,488.00
  • GRE: $66,380
  • HTE: $6,896
  • RFS: $5,904
  • NOI: $302,433.00
  • Operating Expense: $66,380.00
  • WSE: $8,480.00
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
Rental Info
Rental Info
  • Total Actual Rent: $32,352.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2%
  • Other Agent Compensation: 1%

Property History for 233 Lafayette Street

DateEvent & SourcePriceAppreciation
Apr 30, 2026

Expired

MLS PIN #73494351

$7,995,000
Apr 1, 2026

Listed (Active)

MLS PIN #73494351

$7,995,000
Jan 13, 2020

Sold

MLS PIN #72573891

$4,275,000
DateEvent & SourcePrice
04/30/2026

Expired

MLS PIN #73494351

$7,995,000
04/01/2026

Listed (Active)

MLS PIN #73494351

$7,995,000
01/13/2020

Sold

MLS PIN #72573891

$4,275,000

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

Public Records for 233 Lafayette Street

Taxable ValueLand$2,093,000Additions$2,433,500Total$4,526,500
Tax Record2025$51,331 ($4,278 / month)
Home Facts
Baths26Total Finished SqFt17,755 SqFtAbove Grade Finished SqFt17,755 SqFtUnfinished Basement SqFt3,445 SqFtStories3Lot Size10,359 SqFtStyleMulti-Family Res (5+ Units)Year Built1915ZoningB1CountyESSEXAPNSALE M:33 L:0499

Schools near 233 Lafayette 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 Elementary School
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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Listing Courtesy of Little & Co., REALTORS®, Francesca Little

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.