8 Saunders St Salem — Photo 1 of 41
Recent Drop: $49,100
$1,249,900
Investment Analysis — 8 Saunders St
Salem, MA 01970
Based on rent reported on the MLS listing, a 4-unit multi-family in 01970 carries $9,500/mo in gross rent — about a 6.10% cap rate and $76,207/yr in estimated NOI at the $1,249,900 list price. Adjust every assumption in the calculator below.
Beds
9
Baths
4
SqFt
4,166
Style
4 Family
Built
1800
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.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping • Park • Medical Facility • House of Worship • Marina
Geography
Property History
$1,249,900
Was $1,299,000
Aug 3, 2026
MLS® 73552285
$1,299,000
Jul 20, 2026
MLS® 73552285
Listing Agent: Herrick Lutts Realty Partners
Listing Office: Herrick Lutts Realty Partners
MLS® Number: 73552285