Discover the potential of this spacious and well-located multifamily property, offering versatility and strong income potential. Property Features, three large, well-appointed units, generously sized bedrooms in each unit, private driveway plus additional resident street parking. Short walking distance to the commuter rail station, steps from Salem’s vibrant downtown shopping and restaurant district. This is a rare opportunity for investors or owner-occupants to own a versatile property with long-term upside. Whether you’re looking to generate rental income, create a multi-generational living space, or explore future value-add possibilities, this property offers endless potential.
Sold for $1,050,000 on 06/04/25
$1,050,000
11 Ropes St, Salem, MA 01970
8beds
4,486sqft
3 Family
Built in 1915
-- sqft lot
$1,041,600 Zestimate®
$234/sqft
$3,549 Estimated rent
Home value
$1,041,600
$948,000 - $1.15M
$3,549/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: June 04, 2025 at 07:43pm
Listed by:
Sonya Aoude 978-767-3332,
Law Offices of Bradford Eliot Keene, P.C. 781-246-4545,
Sonya Aoude 978-767-3332
Bought with:
Joaquin Lemus
Keller Williams Realty Evolution
Source: MLS PIN,MLS#: 73360416
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Features
- Living Room, Dining Room, Kitchen
- Basement: Finished
- Has fireplace: No
Interior area
- Total structure area: 4,486
- Total interior livable area: 4,486 sqft
- Finished area above ground: 4,486
Property
Parking
- Total spaces: 1
- Parking features: Paved Drive
- Uncovered spaces: 1
Lot
- Size: 4,116 sqft
Details
- Parcel number: M:34 L:0271,2135733
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family
Materials
- Foundation: Granite
Condition
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Salem
HOA & financial
Other financial information
- Total actual rent: 0
Price history
| Date | Event | Price |
|---|---|---|
| 6/4/2025 | Sold | $1,050,000+8.4%$234/sqft |
Source: MLS PIN #73360416 | ||
| 4/25/2025 | Contingent | $969,000$216/sqft |
Source: MLS PIN #73360416 | ||
| 4/16/2025 | Listed for sale | $969,000+113%$216/sqft |
Source: MLS PIN #73360416 | ||
| 5/21/2019 | Sold | $455,000+205.4%$101/sqft |
Source: Public Record | ||
| 5/31/1990 | Sold | $149,000$33/sqft |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,327 +9% | $910,700 +11.7% |
| 2024 | $9,477 +1.4% | $815,600 +9.2% |
| 2023 | $9,344 | $746,900 |
Find assessor info on the county website
Neighborhood: 01970
Nearby schools
GreatSchools rating
- 5/10Saltonstall SchoolGrades: K-8Distance: 0.3 mi
- NASalem Prep High SchoolGrades: 9-12Distance: 0.4 mi
- 4/10Collins Middle SchoolGrades: 6-8Distance: 0.6 mi
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Estimated market value
$1,041,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,041,600