About this home

Calling all builders, contractors, and investors! Rare opportunity to own two detached single-family homes on one lot in the heart of downtown Salem! Located at 86-88 Summer Street, this unique property offers tremendous potential for renovation, investment, or future resale. Each home features its own private entrance and independent living space with no shared walls.86 Summer Street consists of approximately 830 square feet with 2 bedrooms and 1 full bathroom, while 88 Summer Street offers approximately 1,602 square feet with 3 bedrooms and 2.5 bathrooms. The property also features 6 off-street parking spaces, an exceptional amenity in downtown Salem.Both homes are in need of significant improvements and present an excellent opportunity for investors or contractors looking to unlock their full potential. Whether renovating for rental income, resale, or owner occupancy with supplemental rental income, the possibilities are compelling. Conveniently located just moments from Salem's vibrant downtown, restaurants, shops, waterfront, and commuter rail service to Boston.Property will not qualify for conventional financing. Cash buyers or buyers utilizing alternative financing are encouraged. Bring your vision and capitalize on this unique investment opportunity in one of the North Shore's most desirable locations!

Facts and features

Schools

• Saltonstall School

  elementary · K-8 · 0.4 mi

  5

• Salem High School

  high · 9-12 · 1.0 mi

  4

• The Phoenix School

  elementary · 0.1 mi

• Collins Middle School

  middle · 6-8 · 0.4 mi

  6

• Salem - New Liberty Innovation School

  high · 9-12 · 0.5 mi

  2

• St. Joseph School

  elementary · K-8 · 0.5 mi

Price history

• Nov 4, 2026 · Listed$675,000

Where it is