BMN Boston

Get our mobile app!

Download on the App Store

8 Saunders St, Salem MA 01970

Salem, MA 01970
$1,299,000
Est. $7,638/month
9
Beds
4
Baths
4,166
Sq Ft
$312
Price/Sq Ft
0.07
Acres
1800
Year Built
4
Parking
18 hours 42 minutes
Time on Market
Active Listed Jul 20, 2026 • MLS# 73552285 Copied! • Updated Jul 21, 2026

About this home

Opportunity knocks at 8 Saunders Street in Salem! This well-maintained four-unit multifamily property offers an ideal investment opportunity in one of Salem's most desirable locations. The building consists of three spacious 2-bedroom units and one 3-bedroom unit, providing a strong and versatile rental mix. If you're looking to expand your investment portfolio this property offers tremendous potential. Conveniently located near downtown Salem's shops, restaurants, commuter rail, and waterfront attractions, tenants will appreciate the accessibility and vibrant neighborhood amenities. Multifamily opportunities of this size and configuration are hard to come by in today's market—don't miss your chance to own a valuable asset in historic Salem.

View in the App

Save this property, schedule tours instantly, and get alerts when the price drops

Scan to download BMN Boston app Scan with phone
Get the full experience in the BMN Boston app

BMN Estimate

Get the number an algorithm can't give you

A free agent CMA factors in condition, upgrades, and the street — the things comps alone can't see.

Recently Sold Nearby

Property History

Property Timeline

🏠
Listed for Sale
Jul 20, 2026
$1,299,000
Original listing
Agent: Herrick Lutts Realty Partners Office: Herrick Lutts Realty Partners

Tax History

Year Taxes Assessment
2026 $10,433 $967,800

Financial Details

Annual Property Tax
$10,433
Tax Year 2026
Assessed Value
$967,800

Facts & Features

Home Facts

Type Residential Income
Style 4 Family
Year Built 1800
Living Area 4,166 sq ft
Lot Size 0.07 acres
Bedrooms 9
Full Baths 4
Total Rooms 17

Investment Metrics

Units 4
Unit 1 Rent $1,900/mo · N
Unit 2 Rent $2,575/mo · Y
Unit 3 Rent $2,150/mo · Y
Unit 4 Rent $2,675/mo · Y
Total Monthly Rent $9,300/mo
Gross Income $111,600
Net Operating Income $111,600
Cap Rate 8.59%
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Fireplaces 2
Basement Unfinished
Laundry None
Features None
Construction Frame
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features Paved Drive, Tandem, On Street
Total Spaces 4
Electric 200+ Amp Service
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $10,433
Assessed Value $967,800
Fee Includes None
Amenities None
Optional Fee Includes None
Down Payment Resource Eligible
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Appraiser
Sq Ft Disclosures Approx. Sqft
Documents None
County Essex
Total market time (incl. prior listings) 1 days

Property Overview

Property Type
4 Family
Listing Type
For Sale
Year Built
1800
Bedrooms
9
Full Bathrooms
4
Living Area
4,166 sq ft
Total Rooms
17
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:
Appliances:
Interior Features:
Windows:
Basement: Unfinished
Laundry:
Security:

Construction & Materials

Year Built: 1800
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Stone
Stories: 5

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Total Parking Spaces: 4
Parking Features: Paved Drive, Tandem, On Street

Special Features

Fireplaces: 2
Fireplace Type:
Community Amenities: Public Transportation, Shopping, Park, Medical Facility, House of Worship, Marina, Public School, T-Station, University
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

9 schools
The Phoenix School
1.1 mi
Grades PK-08
The Greenhouse School
2.2 mi
Grades PK-08
B-
Carlton School
0.2 mi | #468 of 824 | Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students Diverse
Grades K-05
C+
Bentley Academy Innovation School
0.6 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
0.6 mi
106 students Diverse
Diverse Student Body
Grades PK
B+
Bates School
0.9 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-
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
B
Witchcraft Heights School
1.7 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
1.8 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
M

Middle Schools

1 school
C+
Collins Middle School
1.2 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
H

High Schools

2 schools
B+
Salem Academy Charter School
0.9 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
1.9 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
Learn about these ratings

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 $869
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

Loading map...

Neighborhood

8 Saunders St, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Herrick Lutts Realty Partners
Listing Office Herrick Lutts Realty Partners
Office Phone 978-927-1959
Agent MLS ID TM312527
Office MLS ID AN6507
Listing Data Updated Jul 21, 2026 3:30 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

Steven Novak
Steven Novak
BMN Boston Real Estate
Ask about this property — free, no obligation.

Similar Homes for Sale

Comparable Properties

Customize Comparable Search

Finding comparable properties...

Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

8 Saunders St, Salem MA 01970 - Photo 1 8 Saunders St, Salem MA 01970 - Photo 2 8 Saunders St, Salem MA 01970 - Photo 3 8 Saunders St, Salem MA 01970 - Photo 4 8 Saunders St, Salem MA 01970 - Photo 5 8 Saunders St, Salem MA 01970 - Photo 6 8 Saunders St, Salem MA 01970 - Photo 7 8 Saunders St, Salem MA 01970 - Photo 8 8 Saunders St, Salem MA 01970 - Photo 9 8 Saunders St, Salem MA 01970 - Photo 10 8 Saunders St, Salem MA 01970 - Photo 11 8 Saunders St, Salem MA 01970 - Photo 12 8 Saunders St, Salem MA 01970 - Photo 13 8 Saunders St, Salem MA 01970 - Photo 14 8 Saunders St, Salem MA 01970 - Photo 15 8 Saunders St, Salem MA 01970 - Photo 16 8 Saunders St, Salem MA 01970 - Photo 17 8 Saunders St, Salem MA 01970 - Photo 18 8 Saunders St, Salem MA 01970 - Photo 19 8 Saunders St, Salem MA 01970 - Photo 20 8 Saunders St, Salem MA 01970 - Photo 21 8 Saunders St, Salem MA 01970 - Photo 22 8 Saunders St, Salem MA 01970 - Photo 23 8 Saunders St, Salem MA 01970 - Photo 24 8 Saunders St, Salem MA 01970 - Photo 25 8 Saunders St, Salem MA 01970 - Photo 26 8 Saunders St, Salem MA 01970 - Photo 27 8 Saunders St, Salem MA 01970 - Photo 28 8 Saunders St, Salem MA 01970 - Photo 29 8 Saunders St, Salem MA 01970 - Photo 30 8 Saunders St, Salem MA 01970 - Photo 31 8 Saunders St, Salem MA 01970 - Photo 32 8 Saunders St, Salem MA 01970 - Photo 33 8 Saunders St, Salem MA 01970 - Photo 34 8 Saunders St, Salem MA 01970 - Photo 35 8 Saunders St, Salem MA 01970 - Photo 36 8 Saunders St, Salem MA 01970 - Photo 37 8 Saunders St, Salem MA 01970 - Photo 38 8 Saunders St, Salem MA 01970 - Photo 39 8 Saunders St, Salem MA 01970 - Photo 40 8 Saunders St, Salem MA 01970 - Photo 41
Steven Novak

Steven Novak

BMN Boston Real Estate

Your message will be sent to Steven Novak.

Schedule a Tour