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61 Mason St 01970, Salem

$649,000

For Sale

1874 SqFt

Size

2

Bedrooms

2

Bathrooms

73588049

Property Id

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Description

Owner occupants, investors, contractors, and developers take notice! 61 Mason Street presents a rare opportunity to own a two-family in a highly convenient Salem location with significant potential to build equity and add value. Live in one unit and offset your mortgage with rental income, while enjoying the benefits of homeownership and long-term investment potential. The existing two-family layout, along with additional space in the attic, provides flexibility for future use or improvements. Investors will also appreciate the opportunity to grow their portfolio and unlock additional value. Ideally situated just a quick walk from vibrant downtown Salem, the commuter rail, waterfront, restaurants, shopping, parks, and museums, while remaining outside the busiest tourist areas. For those looking toward the future, the property was previously approved for a five-unit development plan, offering buyers the opportunity to explore similar redevelopment potential, subject to current approvals and buyer due diligence. Whether you're looking for a home with rental income, an investment property, or a larger development opportunity, 61 Mason Street offers a unique range of possibilities.

Address

Address61 Mason St 01970 Salem, MA
CountryUS
Property Type

Residential Income

Property Class

ResidentialProperty

Style

Multi Family

Transaction Type

Sale

Year Built

1850

Total Rooms

6

Bedrooms

2

Bathrooms (Full)

2

Square Feet

1,874 sqft

Lot Size

5,850 sqft

Parking

3

Total Rooms

6

Bedrooms

2

Full Bathrooms

2

List Price

$649,000

Original Price

$649,000

Price per Sqft

$346

Annual Property Taxes

$5,445

Tax Assessment Year

2026

Monthly Tax Estimate

$454

MLS Pin© 2026 MLS Property Information Network, Inc. (MLSPIN). The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. This information was last updated on Thursday, October 15, 2026. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Please contact Alex Rice directly for additional information pertaining to the status and availability of properties displayed on this website.