2-4 Saunders StreetSalem, MA 01970MLS Number 73592435

  • Price: $1,625,000
  • Est. Mortgage of $/month
  • 1 Day on Market
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Federal 30-year interest rate: 7.4% last updated on Oct 15, 2026
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2-4 Saunders Street Salem MA 019702-4 Saunders Street Salem MA 019702-4 Saunders Street Salem MA 019702-4 Saunders Street Salem MA 019702-4 Saunders Street Salem MA 019702-4 Saunders Street Salem MA 019702-4 Saunders Street Salem MA 019702-4 Saunders Street Salem MA 019702-4 Saunders Street Salem MA 019702-4 Saunders Street Salem MA 019702-4 Saunders Street Salem MA 019702-4 Saunders Street Salem MA 019702-4 Saunders Street Salem MA 019702-4 Saunders Street Salem MA 019702-4 Saunders Street Salem MA 019702-4 Saunders Street Salem MA 019702-4 Saunders Street Salem MA 019702-4 Saunders Street Salem MA 019702-4 Saunders Street Salem MA 019702-4 Saunders Street Salem MA 019702-4 Saunders Street Salem MA 019702-4 Saunders Street Salem MA 019702-4 Saunders Street Salem MA 019702-4 Saunders Street Salem MA 019702-4 Saunders Street Salem MA 019702-4 Saunders Street Salem MA 019702-4 Saunders Street Salem MA 019702-4 Saunders Street Salem MA 019702-4 Saunders Street Salem MA 019702-4 Saunders Street Salem MA 01970
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  • 8Bedrooms
  • 0.12Acreage
  • 7Bathrooms
  • 1800Year Built

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2–4 Saunders Street is a six-unit multifamily investment in Salem’s historic Bridge Street Neck neighborhood. Offered for the first time in more than 20 years, the property combines distinctive architectural character with value-add potential. Originally constructed in 1873 as the Arthur & George Phippen Double House, the Italianate-style building contains 8,792± square feet of total building area and 5,795± square feet of rentable living area. The unit mix includes one (1) one-bedroom apartment, four (4) one-bedroom-plus-office apartments, and one (1) two-bedroom, 1.5-bathroom townhome. The residences feature spacious layouts, high ceilings, abundant natural light, and hardwood floors. Coin-operated laundry provides supplemental income, while basement storage offers an additional revenue opportunity. Within walking distance of public transportation, neighborhood restaurants, Salem Common, Downtown Salem, and the waterfront, the property offers convenient access to the city’s primary amenities and enduring rental appeal.
Listed by Dan Pouladian of North Shore Realty Advisors

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More Info

Basic Information

  • Gross Income $119,700
  • Lot Features Corner Lot
  • Mls StatusNew
  • Parcel Number M:0036 B:0113 L:0000,2137240
  • Rent Includes Unit 1(Heat, Water, Hot Water), Unit 2(Heat, Water, Hot Water), Unit 3(Heat, Electric, Water, Hot Water), Unit 4(Heat, Water, Hot Water)

Location

  • Address2-4 Saunders Street
  • Building Number2-4
  • CountyEssex
  • StateMA
  • StreetSaunders Street
  • TownSalem
  • Zip01970

Utilities

  • Electric 200+ Amp Service
  • Heat SystemYes
  • Heating Oil
  • Sewer Public Sewer
  • Water Source Public

Amenities

  • AmenitiesPublic Transportation, Shopping, Park, Walk/Jog Trails, Highway Access
  • Other AmenitiesBasement

Other

  • Date Listed10/19/2026
  • Farm Land Area Units Square Feet

Tax Information

  • Tax Assessed Value $1,463,900
  • Tax Year 2026
  • Taxes$17,023

Rooms

  • Bathroom7
  • Bathrooms Total Decimal 6.5
  • Bedrooms8
  • Full Bath6
  • Half Baths1

Building

  • BasementFull
  • Building Area Units Square Feet
  • FoundationStone
  • Foundation Area 9999
  • Levels 7
  • Rooms24
  • Stories7
  • Units6
  • Utilities For Gas Range
  • Year Built1800
  • Year Built Details Approximate
  • Year Built Source Public Records

Water Body

  • Miles to Beach0.1
  • Waterfront Features Ocean,0 to 1/10 Mile To Beach, Beach Ownership(Public)

Parking

  • Open Parking YN Yes
  • Parking Features On Street
  • Parking Spaces

Basic Information

  • List Price$1,625,000
  • MLS Number73592435
  • Modification Date10/19/2026
  • Property SubType5+ Family - 5+ Units Up/Down

Property

  • Acreage0.12

Interior

  • Flooring Tile, Vinyl, Varies, Hardwood
  • Interior Features Living Room, Dining Room, Kitchen, Office/Den

Exterior

  • RoofShingle, Rubber

Property Information

  • Building Area Source Public Records
  • Living Area 5,795
  • Lot Size Square Feet 5,397
  • Lot Size Units Acres
  • Square Feet5,795

Legal

  • ZoningR2

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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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