Opportunity Knocks! Two-Family on the Peabody/Salem Line. Investors, contractors, and savvy buyers – bring your vision to this two-family home ideally located on the Peabody/Salem line. This property offers tremendous potential with solid bones and expansion potential, perfect for rental income, multigenerational living, or future resale. Each unit features spacious rooms, high ceilings, and separate electric, making it a great candidate for renovation.This home is ideal for those looking to add value with updates and repairs. See the partially finished basement and additional rooms on the third floor, along with a great backyard ready for your vision. Whether you're looking for an investment or to customize and hold, the location can't be beat: enjoy easy access to downtown Salem, Peabody shops and restaurants, public transportation, and major highways. Don't miss your chance to transform this property and build equity in a desirable North Shore location.
For sale
$600,000
28 Bow St, Salem, MA 01970
4beds
2,128sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$629,400 Zestimate®
$282/sqft
$-- HOA
What's special
Great backyardPartially finished basementSeparate electricHigh ceilingsSpacious rooms
- 1 day
- on Zillow |
- 600 |
- 38 |
Zillow last checked: 7 hours ago
Listing updated: August 06, 2025 at 07:08am
Listed by:
Steven Mallia,
RE/MAX Beacon
Source: MLS PIN,MLS#: 73414228
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Open houses
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Features
- Kitchen, Laundry Room, Living RM/Dining RM Combo
- Basement: Partially Finished,Walk-Out Access,Interior Entry,Sump Pump
- Has fireplace: No
Interior area
- Total structure area: 2,128
- Total interior livable area: 2,128 sqft
- Finished area above ground: 2,128
Property
Parking
- Total spaces: 6
- Parking features: Paved Drive, Off Street, Paved
- Has uncovered spaces: Yes
Features
- Fencing: Fenced/Enclosed
Lot
- Size: 6,761 Square Feet
Details
- Parcel number: M:15 L:0111,2128536
- Zoning: R1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Other
- Roof: Shingle
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Public School, T-Station, University, Sidewalks
Location
- Region: Salem
Financial & listing details
- Price per square foot: $282/sqft
- Tax assessed value: $676,800
- Annual tax amount: $7,675
- Date on market: 8/6/2025
- Exclusions: Seller's Personal Property.
- Total actual rent: 0
- Road surface type: Paved
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