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11 Summer St, Salem MA 01970

Salem, MA 01970
$2,150,000
10
Beds
6
Baths
6,744
Sq Ft
$319
Price/Sq Ft
0.30
Acres
1870
Year Built
10
Garage Spaces
36
Days on Market
Closed Listed Oct 4, 2022 • MLS# 73044002 Copied! • Updated Jun 1, 2026

Sale Statistics

Sale Overview
Original List Price: $2,499,000
Final Sale Price: $2,150,000
Difference: $349,000 (-14.0%)
Performance Metrics
86.0%
List to Sale Ratio
Sold below asking price
36
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $371
Sale $/sq ft: $319
This property sold for $319 per square foot
Sale Summary

This property sold for 14.0% below the original asking price.

The property spent 36 days on market before selling.

About this home

Six family home with close to 7,000 sq. ft. of living space, on the biggest lot in downtown Salem, next to the Salem Inn. This property is zoned mixed use, so could have commercial and residential space. Great potential for further development. The house needs to be renovated. 10 garages and a large workshop above which could be converted into more units.

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Recently Sold Nearby

Property History

Market Insights

Property Timeline

Sold
Jun 1, 2026
Property sold
🏠
Listed for Sale
Oct 4, 2022
$2,500,000
Original listing
Agent: Heather Klosowski Office: Heather Klosowski Real Estate

Tax History

Year Taxes Assessment
2018 $9,045 $588,100

Financial Details

Annual Property Tax
$9,045
Tax Year 2018
Assessed Value
$588,100

Facts & Features

10 Car Garage

Home Facts

Type Residential Income
Style 5-9 Family
Year Built 1870
Living Area 6,744 sq ft
Lot Size 0.30 acres
Bedrooms 10
Full Baths 6
Total Rooms 27

Investment Metrics

Units 6
Unit 1 Rent $1,300/mo · N
Unit 2 Rent $1,300/mo · N
Unit 3 Rent $1,300/mo · N
Unit 4 Rent $1,300/mo · N
Total Monthly Rent $5,200/mo
Gross Income $73,200
Net Operating Income $73,200
Cap Rate 2.93%
Heating Natural Gas
Cooling None
Flooring Varies, Hardwood
Appliances None
Fireplace None
Basement Full, Walk-out Access, Interior Entry, Sump Pump, Unfinished
Laundry Electric Dryer Hookup
Features Living Room, Kitchen, Office/den
Construction Frame
Architecture None
Roof Shingle, Tar/gravel, Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch Porch
Garage Spaces 10
Has Garage Yes
Features Off Street
Total Spaces 38
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Dryer

Financial

Annual Tax $9,045
Assessed Value $588,100
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures Listing Agent Is A Relative Of The Owner. Due Diligence Is The Responsibility Of The Buyer, Seller Makes No Warranties And Is Selling The Property As Is. Lead Paint Was Found During A Lead Inspection.
Possession None
Accepted Financing Contract
Structure Type []
House Color White
Sq Ft Source Public Record
Documents None
County Essex
Total market time (incl. prior listings) 140 days

Property Overview

Property Type
5-9 Family
Listing Type
For Sale
Year Built
1870
Bedrooms
10
Full Bathrooms
6
Living Area
6,744 sq ft
Total Rooms
27
Stories
5
Levels
5

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring: Varies, Hardwood
Appliances:
Interior Features: Living Room, Kitchen, Office/Den
Windows:
Basement: Full, Walk-Out Access, Interior Entry, Sump Pump, Unfinished
Laundry: Electric Dryer Hookup
Security:

Construction & Materials

Year Built: 1870
Structure Type:
Exterior Materials: Frame
Roof: Shingle, Tar/Gravel, Rubber
Foundation: Irregular
Stories: 5

Heating, Cooling & Utilities

Heating: Natural Gas
Heating Zones: 6
Cooling: None
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch: Porch
Fencing:
Other Structures:
Lot Features: Level
Road Surface: Paved

Parking & Garage

Garage Spaces: 10
Total Parking Spaces: 38
Parking Features: Off Street
School District
Salem School District local
B-
School Safety 2024-25
3.6% Above Average
2.3% Suspensions 0.8% In-School 1.3% Emergency
1.9% below state avg
E

Elementary Schools

3 schools
B-
Saltonstall School
0.6 mi | #460 of 824 | Score: 45.8
Improved 108 spots from last year
-12.4 below state avg
412 students Diverse
Rising School
Grades K-05
The Phoenix School
0.6 mi
Grades PK-08
B-
Carlton School
0.9 mi | #468 of 824 | Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students Diverse
Grades K-05
M

Middle Schools

3 schools
C+
Collins Middle School
0.6 mi | #219 of 352 | Score: 39.5
Improved 60 spots from last year
-18.7 below state avg
611 students Diverse
Rising School Diverse Student Body
Grades 06-08
B+
Village School
2.0 mi | #253 of 824 | Score: 52.3
Dropped 64 spots from last year
-5.9 below state avg
529 students Moderate
Grades 04-06
C+
J. Henry Higgins Middle School
2.2 mi | #240 of 352 | Score: 37.2
Improved 5 spots from last year
-21 below state avg
1,320 students Diverse
Grades 06-08
H

High Schools

3 schools
B+
Salem Academy Charter School
0.7 mi | #139 of 346 | Score: 56.7
Improved 97 spots from last year
-1.5 below state avg
480 students Diverse
10 sports • 568 athletes
High Graduation Rate Rising School College Ready Curriculum
Grades 06-12
B
Salem High School
1.2 mi | #144 of 346 | Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 students Diverse
18 sports • 1,080 athletes
Early College Program Career Tech Programs College Ready Curriculum Strong Athletics
Grades 09-12
Bishop Fenwick High School
1.5 mi
17 sports • 1,390 athletes
Strong Athletics
Grades 09-12
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Location

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Neighborhood

11 Summer St, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Heather Klosowski
Listing Office Heather Klosowski Real Estate
Office Phone 978-914-2300
Agent MLS ID CT001890
Office MLS ID AN2691
Listing Data Updated Jun 1, 2026 3:10 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Steven Novak
Steven Novak
BMN Boston Real Estate
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