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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.

  • Bedrooms
    32
  • Bathrooms
    26
  • Year Built
    1915
  • Stories
    3.0
  • Construction Materials
    Brick
  • Foundation
    Concrete Perimeter
  • Living Area
    17744.0
  • Appliances
    Gas Water Heater
  • Flooring
    Wood

  • Acres
    0.24
  • Lot Features
    Other
  • Water
    Public


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Frequently Asked Questions

How do I schedule a tour of 233 Lafayette?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 233 Lafayette.

They know residential incomes in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 233 Lafayette?

Click Ask a Question to talk with our team. You already know it is a 32 bed, 26 bath, listed for $7,599,000. We can talk through recent upgrades, potential seller motivation, how this multi family compares to others in Salem, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 233 Lafayette?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 233 Lafayette at around $47,522. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 233 Lafayette?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Essex County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 233 Lafayette?

In most cases, yes. Whether 233 Lafayette is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Salem's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 233 Lafayette?

We can handle that for you. Our preferred local agent specializes in residential incomes in Salem and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $7,599,000 with 17,744 sqft of space—that comes out to approximately $428 per square foot.

How long has this property been on the market?

233 Lafayette was listed on September 14, 2026, which means it's been on the market for 61 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1915, making it approximately 111 years old.

What is the lot size of this property?

233 Lafayette sits on a 0.24-acre lot, which is 10,454 square feet.

What are the property taxes for 233 Lafayette?

The most recent public record shows annual property taxes for 233 Lafayette were approximately $51,331. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 233 Lafayette still available for sale?

This home is under contract, but may still accept backup offers. Click ♥ to track updates or connect with our local expert to see if it's still worth pursuing.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, MLS Property Information Network (MLS PIN). All rights reserved.

Last Updated: November 14, 2026 at 01:03AM | Source: MLS Property Information Network (MLS PIN) | MLS#: 73576567