8 Saunders St, Salem MA 01970
Salem, MA 01970
$1,299,000
$1,249,900
Est. $7,390/month
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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.
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
3.8%
Price Range
Property Timeline
Price Reduced
Aug 3, 2026
$1,249,900
$49,100
(-3.78%)
From $1,299,000 to $1,249,900 (-3.8%)
Listed for Sale
Jul 20, 2026
$1,299,000
Original listing
Agent: Herrick Lutts Realty Partners
Office: Herrick Lutts Realty Partners
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/03/2026 | ↓ Price Reduced | $1,249,900 | $49,100 | - | From $1,299,000 to $1,249,900 (-3.8%) |
| 07/20/2026 | 🏠 Listed for Sale | $1,299,000 | - | - | Original listing |
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
8.93%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Fireplaces
2
Basement
Unfinished
Laundry
None
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Paved Drive, Tandem, On Street
Total Spaces
4
Utilities
Electric
200+ Amp Service
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$10,433
Assessed Value
$967,800
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Seller Disclosures
None
Additional Details
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)
18 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
Floor Layout
Interactive room guide
Floor Layout
Finished Area
4,166 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:
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
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
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
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
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
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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
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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
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
Aug 7, 2026 3:05 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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