2-4 Saunders St, Salem MA 01970

Salem, MA 01970

$1.63M

8 BD · 7 BA · 5,795 sf · 0.12 ac · Built 1800

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The residence

2–4 Saunders Street is a six-unit multifamily investment in Salem’s historic Bridge Street Neck neighborhood. Offered for the first time in more than 20 years, the property combines distinctive architectural character with value-add potential. Originally constructed in 1873 as the Arthur & George Phippen Double House, the Italianate-style building contains 8,792± square feet of total building area and 5,795± square feet of rentable living area. The unit mix includes one (1) one-bedroom apartment, four (4) one-bedroom-plus-office apartments, and one (1) two-bedroom, 1.5-bathroom townhome. The residences feature spacious layouts, high ceilings, abundant natural light, and hardwood floors. Coin-operated laundry provides supplemental income, while basement storage offers an additional revenue opportunity. Within walking distance of public transportation, neighborhood restaurants, Salem Common, Downtown Salem, and the waterfront, the property offers convenient access to the city’s primary amenities and enduring rental appeal.

At a glance

Property type: 5+ Family - 5+ Units Up/Down
Status: Active
Year built: 1800
Lot size: 0.12 acres
Living area: 5,795 sf
MLS#: 3e05da69dd1178a7ea6c39dcb3f3918e
Beds · Baths: 8 · 7

Location

Salem, MA.

Salem, Massachusetts, is a market our advisors follow closely — its streets, housing stock and setting each shape what a residence here is worth and how it lives day to day. We are glad to walk you through the locale in detail, and how this particular address sits within it.

Estimated Monthly Payment+

$8K/mo

Approximate · principal & interest only

Down payment · 25%Interest rate · 6.75%Term · 30 years

Display Currency

$1.63M

Indicative conversion — settlement always in USD.

Private Showing

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Listing courtesy of North Shore Realty Advisors · MLSPIN

MLS Property Information Network.The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

Listings updated Oct 23, 2026

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