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.

Facts and features

Schools

• Saltonstall School

  elementary · K-8 · 1.1 mi

  5

• Salem High School

  high · 9-12 · 1.9 mi

  4

• The Phoenix School

  elementary · 0.9 mi

• Collins Middle School

  middle · 6-8 · 1.3 mi

  6

• Carlton Elementary School

  elementary · K-5 · 0.2 mi

  5

• Salem Prep High School

  high · 9-12 · 0.5 mi

Price history

• Aug 3, 2026 · Price Changed$1,249,900
• Jul 20, 2026 · Listed$1,299,000
• Dec 16, 1999 · Sold$233,000
• Oct 8, 1999 · Sold$210,000
• Mar 16, 1994 · Sold$130,000
• Jul 8, 1993 · Sold$70,000

Tax history

• 2026$10,433 tax · $967,800 assessed
• 2024$9,125 tax · $785,300 assessed
• 2023$8,833 tax · $706,100 assessed
• 2022$8,744 tax · $659,900 assessed
• 2021$8,653 tax · $627,000 assessed
• 2020$8,054 tax · $557,400 assessed
• 2019$7,740 tax · $512,600 assessed
• 2018$6,959 tax · $452,500 assessed

Home value

$1,237,000

• Collateral Analytics$1,237,000

Where it is