112 North St, Salem MA 01970
Salem, MA 01970
$899,000
Est. $5,394/month
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About this home
Landmark Mixed Use Building Located on Bustling North Street at the Doorstep of Downtown Salem and Salem Train Station. Fantastic Investment Property with a Commercial Tenant Occupying the Ground Level Space. Second Floor is a Large 2 Bedroom Apartment with updates throughout. Third Floor Unit is a 2 Bedroom with a fantastic layout.
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Public Records & Permits
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
22.2%
Price Range
Property Timeline
Back On Market
Jul 22, 2026
Active
Price Increased
Jul 22, 2026
$899,000
+$200,000
(+28.61%)
From $699,000 to $899,000 (+28.6%)
Property Type Updated
Jul 21, 2026
Multi Family → 3 Family
Listed for Sale
May 20, 2025
$699,000
Original listing
Agent: Steven Belesis
Office: Citylight Homes LLC
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/22/2026 | • Back On Market | - | - | - | Active |
| 07/22/2026 | ↑ Price Increased | $899,000 | +$200,000 | - | From $699,000 to $899,000 (+28.6%) |
| 07/21/2026 | 🔧 Property Type Updated | - | - | - | Multi Family → 3 Family |
| 05/20/2025 | 🏠 Listed for Sale | $699,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $7,776 | $488,100 |
Financial Details
Annual Property Tax
$7,776
Tax Year 2025
Assessed Value
$488,100
Facts & Features
Home Facts
Type
Residential Income
Style
3 Family
Year Built
1890
Living Area
2,955 sq ft
Lot Size
0.05 acres
Stories
3
Bedrooms
4
Full Baths
2
Half Baths
1
Total Rooms
13
Investment Metrics
Units
3
Unit 1 Rent
$2,060/mo · Y
Unit 2 Rent
$3,000/mo · N
Unit 3 Rent
$2,800/mo · N
Total Monthly Rent
$7,860/mo
Gross Income
$79,860
Net Operating Income
$79,860
Cap Rate
8.88%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
Partial
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
Total Spaces
1
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$7,776
Assessed Value
$488,100
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
This Is A Mixed Use Property With Commercial Tenant On First Floor And 2 Residential Units Above. Approved Adu For 3rd Floor Unit Granted By City Of Salem.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Essex
Total market time (incl. prior listings)
44 days
Property Overview
Property Type
3 Family
Listing Type
For Sale
Year Built
1890
Bedrooms
4
Full Bathrooms
2
Half Bathrooms
1
Living Area
2,955 sq ft
Total Rooms
13
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
2,955 sq ft above grade
Display Options
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:
Appliances:
Interior Features:
Windows:
Basement:
Partial
Laundry:
Security:
Construction & Materials
Year Built:
1890
Structure Type:
Exterior Materials:
Roof:
Foundation:
Irregular
Stories:
3
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Level
Road Surface:
Parking & Garage
Total Parking Spaces:
1
Parking Features:
Nearby Schools
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
Elementary Schools
9 schools
The Phoenix School
0.7 mi
Grades PK-08
The Greenhouse School
2.1 mi
Grades PK-08
B+
Bates School
0.6 mi
|
#325 of 824
|
Score: 50.0
Improved 254 spots from last year
-8.2 below state avg
410 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
B-
Carlton School
0.6 mi
|
#468 of 824
|
Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students
Diverse
Grades K-05
B-
Saltonstall School
1.1 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
C+
Bentley Academy Innovation School
1.1 mi
|
#568 of 824
|
Score: 42.3
Improved 143 spots from last year
-16 below state avg
286 students
Moderate
Rising School
Grades PK-05
Salem Early Childhood School
1.1 mi
106 students
Diverse
Diverse Student Body
Grades PK
B
Witchcraft Heights School
1.2 mi
|
#388 of 824
|
Score: 48.1
Improved 162 spots from last year
-10.1 below state avg
455 students
Diverse
Rising School
Diverse Student Body
Grades K-05
C-
Horace Mann Laboratory School
1.5 mi
|
#671 of 824
|
Score: 37.4
Improved 50 spots from last year
-20.8 below state avg
293 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
Middle Schools
1 school
C+
Collins Middle School
0.9 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
High Schools
2 schools
B+
Salem Academy Charter School
1.0 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
1.6 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
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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
$648
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
112 North St, Salem MA 01970
Salem, MA 01970
Listing Information
Listing Agent
Steven Belesis
Listing Office
Citylight Realty
Office Phone
978-977-0050
Agent MLS ID
BB954597
Office MLS ID
AN9784
Listing Data Updated
Aug 12, 2026 11:48 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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