This Multifamily Property is Off-Market.

73 Congress Street
Salem, MA 01970 ·

7 Units · Multifamily For Sale



73 Congress Street

Price N/A Commission Split 2%
No. Units 7 Cap Rate 8.90%
Building Size 6,979 SF Occupancy 85%
Property Type Multifamily No. Stories 3
Property Sub-type
  • Restaurant
Year Built 1920
Property Use Type Investment Lot Size 9,583 SF
Listing ID: 14965529 Date Created: 01/22/2007 Last Updated: 11/15/2008


7 Unit brick building in good condition location 1/4 mile from the waterfront and Pickering Wharf. Consisting of 4 two bedroom and 2 one bedroom units and 1 commercial unit currently under lease as a restaurant. Plenty of parking including 9 garage spaces (new doors) that are rented for $75.00/month (and could be higher). All residential unit are tenant-at-will and are in good condition. Newer replacement windows & boiler. Rents are below market - excellent potential to increase revenue. Walking distance to downtown Salem, commuter train and boat. Full liquor license may be available at additional cost but only with the sale of the property.

Near Pickering Wharf, Shetland Park.


  • Mixed Use Property
  • Good Investment


73 Congress Street, Salem, MA 01970 (Essex County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Salem Market Trends - Asking price index trends, sale price trends, asking rent trends

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)