233 Lafayette, Salem, MA 01970 - Photo 1

Save This Listing

1/17

View All Photos

$7,995,000 Just Listed

For Sale
Active
Multi-Family
26 Units
32 Total Beds
0.24 Acres
Updated 17 hours ago

See This Home

Save This Listing

1/17

Property Description

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.

Full Property Details

Full Property Details for 233 Lafayette

General

Price: $7,995,000
Taxes: $51,331 (2025)
Status: Active
Type: Multi-Family
MLS ID: 73494351
Updated: 4/1/2026
Added to Site: 1 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 26
Full Bathrooms: 26

Bedrooms

Total Bedrooms: 32

Location

County: Essex

Structural Information

Basement: Yes
Stories/Levels: 3
Square Feet: 17,755
Year Built: 1915

Lot Features

Lot Size (Acres): 0.24

Financial Considerations

Tax Amount: $51,331
Tax Year: 2025

Disclosures and Reports

Disclosures/Rstr.: Some interior photos have been virtually staged
Property ID: 2135113

Listed by Little & Co., REALTORSÂ®, Francesca Little

Quickly Find Out More

* Indicates a required field

Comment *

Full Name *

Email Address *

Mobile Phone Number *

See this property in person

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agent

— 233 Lafayette —

Francesca Little

Little & Co., REALTORSÂ®

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender

NMLS#: 1598647

Get Pre-Approved

Schools

Schools serving 233 Lafayette

School District:Salem School District, Salem, MA

Name	Grades	Distance
Saltonstall School 211 Lafayette Street, Salem, MA 01970	K-8	0.1 mi
Horace Mann Laboratory 79 Willson Street, Salem, MA 01970	K-5	1 mi
Carlton Elementary School 10 Skerry Street, Salem, MA 01970	K-5	1.4 mi
Collins Middle School 29 Highland Avenue, Salem, MA 01970	6-8	0.7 mi
Salem Prep High School 2 Museum Place Mall, Salem, MA 01970	9-12	0.8 mi
Salem High School, Salem, MA 77 Willson Street, Salem, MA 01970	9-12	1.1 mi
Witchcraft Heights Elementary School 1 Frederick Street, Salem, MA 01970	K-5	1.5 mi
Bates Elementary School, Salem, MA 53 Liberty Hill Avenue, Salem, MA 01970	K-5	1.7 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 233 Lafayette Get Price Alerts and Save Property

Date

Details

Price

Change

Source

4/01/2026

Listed

$7,995,000

87.02%

MLS

1/13/2010

Sold

$4,275,000

—

Public Record

Get Price Alerts and Save Property

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 233 Lafayette

Year

Property Taxes

Change

Tax Assessment

Change

2025

$51,331

$4,526,500

12%

2024

$47,053

-3%

$4,049,300

2023

$48,271

66%

$3,858,600

76%

2022

$29,072

10%

$2,194,100

15%

2021

$26,328

-35%

$1,907,800

-32%

2020

$40,473

32%

$2,800,900

38%

2019

$30,682

10%

$2,031,900

12%

2018

$27,847

-3%

$1,810,600

—

2017

$28,716

$1,810,600

—

2016

$28,372

10%

$1,810,600

15%

2015

$25,872

$1,576,600

2014

$25,507

—

$1,524,600

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 233 Lafayette

233 Lafayette, Salem, MA 01970 (MLS# 73494351) is a Multi-Family property with 26 units containing 32 bedrooms and 26 full bathrooms. 233 Lafayette is currently listed for $7,995,000 and was received on April 01, 2026. Want to learn more about 233 Lafayette? Do you have questions about finding other Multi-Family real estate for sale in South Salem? You can browse all South Salem real estate or contact a Coldwell Banker agent to request more information.

Tour this property

233 Lafayette Salem, MA 01970