233 Lafayette, Salem, MA 01970

$7,599,000 · For sale

• 17,744 sq ft
• Multi-Family
• Built 1915
• MLS #73576567

Rare opportunity to acquire a fully renovated 26-unit brick asset in one of Salem’s most active rental markets. The Property consists of twelve (12) one-bedroom units, six (6) two-bedroom units and eight (8) studios. 233 Lafayette Street offers investors immediate scale, strong in-place income, and a true turnkey profile with major capital improvements already executed. The property has undergone an extensive renovation in 2020, including a new roof, fully upgraded electrical, new boilers and hot water storage and a new sprinkler system. Unit interiors have been upgraded across the board with updated kitchens and baths with 15 of the units featuring in-unit laundry. See attached OM for detailed financials.

About this address

233 Lafayette is a multi-family home for sale in Salem, MA 01970 with 17,744 square feet, asking $7,599,000. It was built in 1915. It has been on our site since October 15, 2026.

At $428 a square foot, it compares with a median of $308 among the 8 other multi-family homes for sale in Salem with a stated size.

The whole property at this address is assessed at $4,526,500 for fiscal year 2026. It last sold for $4,275,000 in January 2020. The assessor lists a lot of 0.24 acres.

It scores 100 out of 100 for walkability, from how close everyday places are.

The closest train or subway stop is Salem (MBTA Newburyport/Rockport Line), about 0.9 miles away. The closest bus stop is Lafayette St @ Holly St (MBTA route 455), under 0.1 miles away.

The closest public schools by level are Saltonstall School (0.1 miles), Collins Middle (0.7 miles) and New Liberty Innovation School (0.7 miles). The district decides which school serves an address.

Listing information from MLS Property Information Network (MLS PIN), MLS #73576567, deemed reliable but not guaranteed. Prices are compared with other homes listed on this site today. Trains and buses come from the transit agencies’ published schedules and schools from the National Center for Education Statistics. Distances are straight-line. Assessed values and past sales are public records from municipal assessors, published by MassGIS. An assessed value is set for taxation and may differ from market value.

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See all Salem homes for sale and rent, every home in Salem by street, or browse every home for sale and neighborhood guides with Benjamin Realty.

To ask about this home or book a tour, call Benjamin Realty at (617) 734-5050 or email [email protected].