14 Lathrop Street, Salem MA 01970
Salem, MA 01970 • Downtown
$779,900
$729,900
Est. $4,304/month
About this home
Big Price Adjustment! Priced to Sell! Just steps to Salem's burgeoning waterfront and bustling downtown, this two-family home in an ultra-desirable location is perfect for investors and home owners alike. Close to Downtown Salem, Salem State University, Collins Cove & more, this two family home offers recently updated units, complete with new kitchens and baths. Minutes to Salem's MBTA Commuter Rail Station with easy access to Boston. Property is completely turn key with stainless steel appliances, updated granite counters and cabinets and washers & dryers. Unit 1 is a 2 bedroom and 1 bath. Unit 2 is a two-level, townhouse/loft style unit with 3 bedrooms and 1.5 bath. Property to be delivered vacant but, was bringing in $6,000 a month in rent! Fully insulated through the Mass Save program. Great opportunity! Don't miss out!
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Public Records & Permits
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
6.4%
Price Range
Property Timeline
Pending Sale
Dec 11, 2025
Offer accepted, sale pending
Showing Instructions Updated
Nov 30, 2025
New showing requirements
Price Reduced
Nov 29, 2025
$729,900
$50,000
(-6.41%)
From $779,900 to $729,900 (-6.4%)
Listed for Sale
Nov 18, 2025
$729,900
Original listing
Agent: Edward Deveau
Office: Century 21 Mario Real Estate
Listed for Sale
Nov 18, 2025
$779,900
Original listing
Office: Century 21 Mario Real Estate
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 12/11/2025 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 11/30/2025 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 11/29/2025 | ↓ Price Reduced | $729,900 | $50,000 | - | From $779,900 to $729,900 (-6.4%) |
| 11/18/2025 | 🏠 Listed for Sale | $729,900 | - | - | Original listing |
| 11/18/2025 | 🏠 Listed for Sale | $779,900 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $4,958 | $437,200 |
Financial Details
Annual Property Tax
$4,958
Tax Year 2025
Assessed Value
$437,200
Facts & Features
Home Facts
Type
Residential Income
Style
Multi Family
Year Built
1850
Living Area
1,912 sq ft
Lot Size
0.05 acres
Bedrooms
5
Full Baths
2
Half Baths
1
Total Rooms
10
Investment Metrics
Units
2
Unit 1 Rent
$2,900/mo · N
Unit 2 Rent
$3,100/mo · N
Total Monthly Rent
$6,000/mo
Gross Income
$72,000
Net Operating Income
$72,000
Cap Rate
9.86%
Interior
Heating
Forced Air, Electric, Natural Gas
Cooling
Window Unit(s)
Flooring
Wood
Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace
None
Basement
Walk-out Access, Interior Entry, Unfinished
Laundry
Washer Hookup, Dryer Hookup, Electric Dryer Hookup
Features
Stone/granite/solid Counters, High Speed Internet, Upgraded Cabinets, Upgraded Countertops, Walk-in Closet(s), Bathroom With Shower Stall, Open Floorplan, Smart Thermostat, Remodeled, Internet Available - Unknown, Living Room, Kitchen, Laundry Room, Loft, Office/den
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
Rain Gutters, Garden, Stone Wall
Pool
None
Spa
None
Fencing
Fenced
Patio/Porch
Porch, Patio
Parking
Features
Paved Drive, Off Street, Tandem, Driveway, Paved
Total Spaces
3
Utilities
Electric
Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range, For Electric Dryer, Washer Hookup
Financial
Annual Tax
$4,958
Assessed Value
$437,200
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Property To Be Sold As-is. All Information Related To De-leading Is In Attachments. Sellers Make No Guarantees Or Warranties. There May Be An Easement Along The Driveway With Next Door Neighbor. Please Perform All Due Diligence.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
Grey
Sq Ft Source
Public Record
Documents
None
County
Essex
Total market time (incl. prior listings)
35 days
Property Overview
Property Type
Multi Family
Listing Type
For Sale
Year Built
1850
Bedrooms
5
Full Bathrooms
2
Half Bathrooms
1
Living Area
1,912 sq ft
Total Rooms
10
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
1,912 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch, Patio
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood
Appliances:
Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Stone/Granite/Solid Counters, High Speed Internet, Upgraded Cabinets, Upgraded Countertops, Walk-In Closet(s), Bathroom with Shower Stall, Open Floorplan, Smart Thermostat, Remodeled, Internet Available - Unknown, Living Room, Kitchen, Laundry Room, Loft, Office/Den
Windows:
Insulated Windows
Basement:
Walk-Out Access, Interior Entry, Unfinished
Laundry:
Washer Hookup, Dryer Hookup, Electric Dryer Hookup
Security:
Construction & Materials
Year Built:
1850
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Stone
Stories:
3
Heating, Cooling & Utilities
Heating:
Forced Air, Electric, Natural Gas
Cooling:
Window Unit(s)
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Thermostat
Exterior & Lot
Exterior Features:
Rain Gutters, Garden, Stone Wall
Patio & Porch:
Porch, Patio
Fencing:
Fenced
Other Structures:
Lot Features:
Level
Road Surface:
Parking & Garage
Total Parking Spaces:
3
Parking Features:
Paved Drive, Off Street, Tandem, Driveway, Paved
Nearby Schools
School information not available for this location.
Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$413
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
Downtown
14 Lathrop Street, Salem MA 01970
Salem, MA 01970
Listing Information
Listing Agent
Edward Deveau
Listing Office
Century 21 Mario Real Estate
Office Phone
617-569-6044
Agent MLS ID
CN211734
Office MLS ID
BB2945
Listing Data Updated
Dec 23, 2025 3:56 PM EST
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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