Minutes from downtown Salem, Salem Common, and the T-station, this well-maintained 2-unit property offers a fantastic investment or owner occupant opportunity. The first-floor unit features 2 beds, 1 bath, while the spacious second-floor unit spans 2 levels with 3 beds and 2 full baths, including a primary bath. Both units feature in-unit laundry, cherry cabinets, granite counters, and stainless steel appliances. The open-concept kitchen, living, and dining areas are highlighted by hardwood floors. High-efficiency gas heating, central air, and separate utilities throughout. The property has had many updates in the past 10 years, ensuring modern comfort. Outside, you'll find a shed and parking for 3 cars. The 3-bed unit rents for $2,802/month, and the 2-bed unit for $1850/month. This turnkey property is perfect for investors or owner-occupants looking to offset their mortgage with rental income.
Sold for $855,000 on 07/08/25
$855,000
4 Lemon Street Ct, Salem, MA 01970
5beds
2,005sqft
Multi Family
Built in 1880
-- sqft lot
$855,300 Zestimate®
$426/sqft
$4,117 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 08, 2025 at 10:25am
Listed by:
The Lopes Group,
J. Barrett & Company
Bought with:
David Brown
Coldwell Banker Realty - Beverly
Source: MLS PIN,MLS#: 73367401
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Storage, Stone/Granite/Solid Counters, Bathroom With Tub & Shower, Open Floorplan, Bathroom with Shower Stall, Kitchen, Laundry Room, Living RM/Dining RM Combo
- Flooring: Wood, Tile, Carpet, Hardwood, Stone/Ceramic Tile
- Doors: Insulated Doors
- Windows: Insulated Windows
- Basement: Full,Interior Entry,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 2,005
- Total interior livable area: 2,005 sqft
- Finished area above ground: 2,005
Property
Parking
- Total spaces: 3
- Parking features: Paved Drive, Off Street, Paved
- Has uncovered spaces: Yes
Features
- Exterior features: Rain Gutters
- Waterfront features: Ocean, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
Lot
- Size: 2,400 sqft
- Features: Level
Details
- Additional structures: Shed(s)
- Parcel number: M:36 L:0049,2137174
- Zoning: R2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame
- Foundation: Stone
- Roof: Shingle
Condition
- Year built: 1880
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Electric Range, for Electric Dryer, Washer Hookup
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, House of Worship, Marina, Public School, T-Station, University
Location
- Region: Salem
HOA & financial
Other financial information
- Total actual rent: 4652
Other
Other facts
- Listing terms: Contract
- Road surface type: Paved
Services availability
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Estimated market value
$855,300
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
$855,300