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39 Mason St, Salem MA 01970

Salem, MA 01970
$969,000
Est. $5,908/month
8
Beds
3
Baths
3,419
Sq Ft
$283
Price/Sq Ft
0.12
Acres
1915
Year Built
3
Parking
49
Days on Market
Pending Listed Apr 22, 2026 • MLS# 73506068 Copied! • Updated Jun 17, 2026

About this home

Well-maintained 1915 three-family in North Salem offering over 3,400 sq ft of living space with spacious 1,000–1,220 sq ft units. All three units will be delivered vacant, presenting a rare opportunity for investors or owner-occupants. Each unit features flexible 2–3 bedroom layouts, high ceilings, and separate gas heating systems (no oil). Interiors are clean and well maintained, with opportunity for cosmetic updates. Estimated market rents range from approximately $2,200–$3,000 per month per unit, depending on condition and improvements. Seller is in receipt of Letters of Compliance for Units 2, 3, and common areas. Conveniently located approximately 0.7 miles to Salem MBTA station and close to downtown Salem, shopping, dining, and area amenities. Property includes off-street parking for 3+ vehicles, basement storage, and a level backyard. Potential future uses and conversions subject to buyer due diligence and municipal approval.Located in a flood zone.

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Recently Sold Nearby

Property History

Market Insights

Property Timeline

📋
Status: Active under contract
Jun 3, 2026
Active → Active Under Contract
Pending Sale
Jun 3, 2026
Offer accepted, sale pending
🏠
Listed for Sale
Apr 23, 2026
$969,000
Original listing
Agent: Joyce Sullivan Office: Serhant

Tax History

Year Taxes Assessment
2026 $9,702 $900,000

Financial Details

Annual Property Tax
$9,702
Tax Year 2026
Assessed Value
$900,000

Facts & Features

Home Facts

Type Residential Income
Style 3 Family - 3 Units Up/Down
Year Built 1915
Living Area 3,419 sq ft
Lot Size 0.12 acres
Bedrooms 8
Full Baths 3
Total Rooms 21

Investment Metrics

Units 3
Unit 1 Rent — · N
Unit 2 Rent — · N
Unit 3 Rent — · N
Gross Income $13,200
Net Operating Income $13,200
Cap Rate 1.36%
Heating Central, Forced Air, Natural Gas
Cooling None
Flooring Vinyl, Carpet
Appliances Range, Refrigerator
Fireplace None
Basement Full
Laundry None
Features Living Room, Dining Room, Kitchen, Family Room, Sunroom
Construction Frame
Architecture None
Roof Shingle
Features Balcony/deck
Pool None
Spa None
Fencing None
Patio/Porch Porch, Covered
Features Paved Drive, Off Street, Paved
Total Spaces 3
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $9,702
Assessed Value $900,000
Fee Includes None
Amenities None
Optional Fee Includes None
Down Payment Resource Eligible
Seller Disclosures Property Is In A Flood Zone. Lead Certificates Units 2, 3, And Common Hallways - See Separate Lead Paint Notification Forms
Exclusions Personal Property
Possession None
Accepted Financing None
Structure Type []
House Color Yellow
Sq Ft Source Measured
Sq Ft Disclosures Measurements are approximate
Documents None
County Essex
Total market time (incl. prior listings) 51 days

Property Overview

Property Type
3 Family - 3 Units Up/Down
Listing Type
For Sale
Year Built
1915
Bedrooms
8
Full Bathrooms
3
Living Area
3,419 sq ft
Total Rooms
21
Stories
3
Levels
3

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: Vinyl, Carpet
Appliances: Range, Refrigerator
Interior Features: Living Room, Dining Room, Kitchen, Family Room, Sunroom
Windows:
Basement: Full
Laundry:
Security:

Construction & Materials

Year Built: 1915
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Stone
Stories: 3

Heating, Cooling & Utilities

Heating: Central, Forced Air, Natural Gas
Cooling: None
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Balcony/Deck
Patio & Porch: Porch, Covered
Fencing:
Other Structures:
Lot Features: Level
Road Surface: Paved

Parking & Garage

Total Parking Spaces: 3
Parking Features: Paved Drive, Off Street, 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 $809
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

Interest
Principal
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

39 Mason St, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Joyce Sullivan
Listing Office Serhant
Office Phone 617-250-0559
Agent MLS ID C8001298
Office MLS ID AN9455
Listing Data Updated Jun 17, 2026 11:39 AM 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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BMN Boston Real Estate

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