4 Lemon Street Ct, Salem MA 01970 – 5 bed 3 bath For Sale – 73367401
Overview
- Updated On:
- May 4, 2025
-
- 73367401
- 5 Bedrooms
- 3 Bathrooms
- 0 Garage Spaces
- 3 Non-Garage Parking Spaces
- 1880
Description
Minutes from downtown Salem, Salem Common, and the T-station, this well-maintained 2-unit property offers a fantastic investment or owner occupant opportunity. The first-floor unit features 2 beds, 1 bath, while the spacious second-floor unit spans 2 levels with 3 beds and 2 full baths, including a primary bath. Both units feature in-unit laundry, cherry cabinets, granite counters, and stainless steel appliances. The open-concept kitchen, living, and dining areas are highlighted by hardwood floors. High-efficiency gas heating, central air, and separate utilities throughout. The property has had many updates in the past 10 years, ensuring modern comfort. Outside, you’ll find a shed and parking for 3 cars. The 3-bed unit rents for $2,802/month, and the 2-bed unit for $1850/month. This turnkey property is perfect for investors or owner-occupants looking to offset their mortgage with rental income.
This property is listed by The Lopes Group from J. Barrett & Company
Property Listing Details
Overview
| MLS Status | Active |
|---|---|
| Price | $ 850,000 |
| Living Area | 2,005.00 ft2 |
| Bedrooms | 5 |
| Total Rooms | 12 |
|---|---|
| Listing MLS ID | 73367401 |
| Days on Market | 4 |
| Bathrooms | 3 |
Unit Information
| Bedrooms | 5 |
|---|---|
| Full Bathrooms | 3 |
| Half Bathrooms | 0 |
| Cooling | Central Air |
| Heating | Forced Air,Natural Gas |
| Uncovered Parking | 3 |
| Garage Parking | 0 |
| Water View | No |
| Unit Level |
| Common Walls | |
|---|---|
| Laundry Features | Electric Dryer Hookup,Washer Hookup |
| Lead Paint | Unknown |
| Outdoor Space Available | |
| Living Area Includes Basement | Full,Interior Entry,Unfinished |
| Patio And Porch Features | |
| Parking Features | Paved Drive,Off Street,Paved |
| Waterview Features | |
| Flooring | Wood,Tile,Carpet,Hardwood,Stone/Ceramic Tile |
Building Information
| Building Name | |
|---|---|
| Units in Building | 2 |
| Pets Allowed | |
| Association Amenities | |
| Pool Features | |
| Waterfront Features | Beach Front,Ocean,1/2 to 1 Mile To Beach,Beach Ownership(Public) |
| Association Fee Includes | |
| Construction Materials | Frame |
| Year Built | 1880 |
|---|---|
| Security Features | |
| Sewer | Public Sewer |
| Spa Features | |
| Structure Type | |
| Water Source | Public |
| Basement | Full,Interior Entry,Unfinished |
| Roof | Shingle |
Additional Details
| Community Features | Public Transportation,Shopping,Tennis Court(s),Park,Walk/Jog Trails,Golf,Medical Facility,Bike Path,Conservation Area,House of Worship,Marina,Public School,T-Station,University |
|---|---|
| Disclosures | Seller/seller's agents make no warranties/representations,buyer/buyer's agent responsible for due diligence. Sold AS-IS Condition. Appliances left as gifts. Room size is approximate. Unit 1 lease ends 6/30/25,Unit 2 lease ends 8/31/25. |
| Last Updated | 2025-05-04T08:05:00.000Z |
| Building Area Source | Public Records |
| MLS PIN Page | |
| Parcel Number | M:36 L:0049,2137174 |
| Original List Price | 850000 |
| Listing Office | j. barrett & company |
| Tax Annual Amount | 8652 |
|---|---|
| Tax Assessed Value | 763000 |
| Tax Book Number | 36905 |
| Tax Year | 2025 |
| Year Built Details | Actual |
| Year Built Source | Public Records |
| Zoning | R2 |
| Listing Agent | the lopes group |
Amenities and Features
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4 Lemon Street Ct, Salem MA 01970 | © 2024 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. THE NUMBER OF BEDROOMS LISTED ABOVE IS NOT A LEGAL CONCLUSION. EACH PERSON SHOULD CONSULT WITH HIS/HER OWN ATTORNEY, ARCHITECT OR ZONING EXPERT TO MAKE A DETERMINATION AS TO THE NUMBER OF ROOMS IN THE UNIT THAT MAY BE LEGALLY USED AS A BEDROOM. EQUAL HOUSING OPPORTUNITY.
4 Lemon Street Ct, Salem MA 01970 – 5 bed 3 bath For Sale – 73367401
$ 850,000
Status: Active
4 Lemon Street Ct, Salem MA 01970, Salem, , Essex 01970
Country: US
Property Overview
MLS #: 73367401
Type: Multi Family /
Action: Residential Income
Year Built: 1880 (Actual, Source: Public Records, Effective: )
Living Area: 2,005.00 ft2 (Total: 2005 Square Feet, Source: Public Records)
Lot Size: 0.06 ft2 (Area: 0.06 Acres, SqFt: 2400)
Total Rooms: 12
Condition:
Availability:
Building Name:
Interior Features
Bedrooms: 5 (Main Level: )
Bathrooms: Total: 3 (Full: 3, Half: 0, Decimal: 3, Main Level: )
Basement: Full,Interior Entry,Unfinished
Fireplaces: 0 ()
Flooring: Wood,Tile,Carpet,Hardwood,Stone/Ceramic Tile
Laundry: Electric Dryer Hookup,Washer Hookup
Window Features: Insulated Windows
Door Features: Insulated Doors
Accessibility:
Entry: Level , Location:
Other Equipment:
Construction & Design
Style:
Materials: Frame
Foundation: Stone (Area: )
Roof: Shingle
Stories: 3 (3)
Common Walls:
Body Type:
Utilities & Green Features
Heating: Forced Air,Natural Gas
Cooling: Central Air
Water Source: Public
Sewer: Public Sewer ()
Utilities: for Electric Range,for Electric Dryer,Washer Hookup
Electric: Circuit Breakers (Expense: 120)
Gas:
Energy Certificate:
Green Energy Efficient:
Green Energy Generation:
Green Indoor Air Quality:
Green Water Conservation:
Insulation:
Exterior & Lot Features
Garage Spaces: 0
Covered Spaces: 0
Parking Total: 3
Parking Features: Paved Drive,Off Street,Paved
Pool:
Spa:
Patio/Porch:
Fencing:
Lot Features: Level
View: (, Waterview Y/N: No)
Waterfront: Beach Front,Ocean,1/2 to 1 Mile To Beach,Beach Ownership(Public)
Road Frontage: Public,Dead End ()
Road Surface: Paved
Road Responsibility: Public Maintained Road
Other Structures: Shed(s)
Horse Amenities:
Wooded Area:
Pasture Area:
Cultivated Area:
Additional Parcels: (Number: )
Outdoor Space:
Community & Association
Community Features: Public Transportation,Shopping,Tennis Court(s),Park,Walk/Jog Trails,Golf,Medical Facility,Bike Path,Conservation Area,House of Worship,Marina,Public School,T-Station,University
Association Fee: ()
Fee Includes:
Association Amenities:
Pets Allowed:
Schools: E: , M: , H:
Zoning: R2 ()
MLS Area: Major: , Minor:
Management:
Optional Fee: (Includes: )
Property Description
Minutes from downtown Salem, Salem Common, and the T-station, this well-maintained 2-unit property offers a fantastic investment or owner occupant opportunity. The first-floor unit features 2 beds, 1 bath, while the spacious second-floor unit spans 2 levels with 3 beds and 2 full baths, including a primary bath. Both units feature in-unit laundry, cherry cabinets, granite counters, and stainless steel appliances. The open-concept kitchen, living, and dining areas are highlighted by hardwood floors. High-efficiency gas heating, central air, and separate utilities throughout. The property has had many updates in the past 10 years, ensuring modern comfort. Outside, you’ll find a shed and parking for 3 cars. The 3-bed unit rents for $2,802/month, and the 2-bed unit for $1850/month. This turnkey property is perfect for investors or owner-occupants looking to offset their mortgage with rental income.
Room Details
Living Room (): x ( sqft) - Features:
Dining Room (): x ( sqft) - Features:
Kitchen (): x ( sqft) - Features:
Master Bedroom (): x ( sqft) - Features:
Master Bathroom: Features:
Laundry Dimensions:
Multi-Unit Information (if applicable)
Total Units: 2
Units Owner Occupied:
Unit 1: Beds: 2, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 1850, Lease: Y
Unit 2: Beds: 3, Full Baths: 2, Half Baths: 0, Levels: 2, Rent: 2802, Lease: Y
Unit 3: Beds: , Full Baths: , Half Baths: , Levels: , Rent: , Lease:
Unit 4: Beds: , Full Baths: , Half Baths: , Levels: , Rent: , Lease:
Complex Complete:
Unit Building:
Financial & Lease Information
Tax Annual Amount: 8652 (Year: 2025)
Tax Assessed Value: 763000
Tax Block/Lot/Book/Map: / / 36905 /
Parcel Number: M:36 L:0049,2137174
Special Licenses:
Current Financing:
Gross Income: 61200 (Scheduled: )
Net Operating Income: 61200
Operating Expense: 1996 (Water/Sewer: 1360, Insurance: )
Financial Data Source:
APOD Available: No
Tenant Pays:
Rent Includes: Unit 1(Water),Unit 2(Water)
Total Actual Rent: 4652
Lease Term: (Existing Type: )
Deposit Required: (Security: , First Month: , Last Month: )
Insurance Required:
References Required:
Listing & Agent Information
Listing Agent: The Lopes Group (MLS ID: TM326374) / Team:
Listing Office: J. Barrett & Company (MLS ID: AN0125)
Agent (Property): 369593
Buyer Agent MLS ID:
Buyer Office MLS ID:
Listing Agreement: Exclusive Right To Sell
Listing Contract Date: 2025-04-30
Expiration Date: 1900-01-01
Original List Price: 850000
Price Per SqFt (List): 423.94
Market Time (Property): 4 (Broker: 4, Prev Broker: 0, Prev Property: 0)
MLS Status: Active
Possession:
Directions: Bridge St to Lemon St to Lemon St Court. Please park on Lemon St and walk down Lemon St Court.
Disclosures: Seller/seller's agents make no warranties/representations,buyer/buyer's agent responsible for due diligence. Sold AS-IS Condition. Appliances left as gifts. Room size is approximate. Unit 1 lease ends 6/30/25,Unit 2 lease ends 8/31/25., N
Lead Paint: Unknown
Title 5:
Exclusions:
Contingency:
Special Listing Conditions:
Lender Owned:
Short Sale Lender Approval Required:
Home Warranty Y/N:
Documents Available: (Count: )
Showings Deferral Date:
Open House Flag:
Listing Alert: No
Square Feet Disclosures: (Incl. Base: No, Other: )
Master Book/Page: / (Page: 211)
Sale Information (if applicable)
Close Date:
Close Price:
Price Per SqFt (Sold):
Anticipated Sold Date:
Concessions Amount:
Purchase Contract Date:
Sold vs Rent:
System Information
Property ID: 2110970
Modification Timestamp: 2025-05-04T08:05:00.000Z
Bridge Modification Timestamp: 2025-05-04T08:06:42.123Z
Original Entry Timestamp: 2025-04-30T20:58:00.000Z
Status Change Timestamp: 2025-04-30T20:58:00.000Z
Off Market Date:
Development Status:
Business Type:
