7 Franklin St, Salem MA 01970

Salem, MA 01970

$2,600

Est. $2,181/month

2,000

Sq Ft

$1

Price/Sq Ft

0.39

Acres

1996

Year Built

77

Days on Market

Active Price Drop -$150 Listed Sep 20, 2025 • MLS# 73433568 Copied!

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About this home

One drive in garage bay plus modern second floor office spaces. On site parking. This property is located in an active redevelopment area of North Salem just off Rte 114. Central air conditioning for offices. Gas Modine heaters in garage bay. This is very good multi-purpose space not too far from the Salem/Peabody line. Concrete block and steel construction. Rent is net of utilities.

Property Overview

Listing Type

Commercial Lease

Year Built

1996

Living Area

2,000 sq ft

Facts & Features

Home Facts

Type Commercial Lease

Year Built 1996

Living Area 2,000 sq ft

Lot Size 0.39 acres

Interior

Heating None

Cooling None

Flooring None

Appliances None

Fireplace None

Basement None

Laundry None

Features None

Exterior

Construction None

Architecture None

Roof None

Features None

Pool None

Spa None

Fencing None

Patio/Porch None

Parking

Features None

Utilities

Electric None

Water None

Sewer None

Gas None

Other None

Financial

Annual Tax $23,611

Interior Features

Flooring:

Appliances:

Interior Features:

Windows:

Basement:

Laundry:

Security:

Construction & Materials

Year Built: 1996

Structure Type:

Exterior Materials:

Roof:

Foundation:

Heating, Cooling & Utilities

Heating:

Cooling:

Hot Water:

Water Source:

Sewer:

Energy Features:

Exterior & Lot

Exterior Features:

Patio & Porch:

Fencing:

Other Structures:

Lot Features:

Road Surface:

Parking & Garage

Parking Features:

Location

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Neighborhood

7 Franklin St, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

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Down Payment

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Down: $0

Interest Rate

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Loan Term 30 years 15 years

Monthly Payment Breakdown

Principal & Interest $0

Property Tax $1,968

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

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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.

Property History

Property Timeline

🏠

Listed for Sale

Sep 20, 2025

$2,600

Original listing

Agent: David Hark Office: The Drumlin Group Inc.

Detailed History Table ▼

Date	Event	Price	Change	$/sqft	Details
09/20/2025	🏠 Listed for Sale	$2,600	-	-	Original listing

Price & Status History

Date	Event	Price	Change
Sep 20, 2025	New Listing Added	$2,600	—

Market Statistics

Days on Market

77 days

Price per Sq Ft

$1

Total Price Drop

-$150

Tax History

Year	Taxes	Assessment
2025	$23,611	—

Financial Details

Annual Property Tax

$23,611

Tax Year 2025

Listing Information

Listing Agent David Hark

Listing Office The Drumlin Group Inc.

Agent MLS ID C8369012

Office MLS ID C95118

Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.