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Multi Family for Sale
8 - 8 1/2 Herbert Street, Salem MA - $1,650,000


Rare, 9 unit investment property for sale at a very attractive 7.1% Cap Rate. Location, Location,Location!!

Located in the historic Derby Street area, minutes from Salem Common, Hawthorne Hotel, numerous shops and restaurants, Peabody Essex Museum, Salem Harbor, Salem Train Station and nearby beaches at Salem Willows Park, Collins Cove, Winter Island and Dead Horse Beach.

The 9 units (8 one-bed and one lead compliant two-bed unit) are distributed across a 2 family and a 7 unit building. All leases are TAWs and many tenants have been there for several years.

Pro-forma analysis and rent roll are available to qualified buyers. All offers must include pre-approval from lender and proof of funds.

First showings to qualified buyers will be by appointment between 1 pm - 3 pm on Saturday June 5 and Sunday June 6. Contact Listing Agent for appointment: KATHY SULLIVAN 781-771-9949.

Exclusively offered for $1,650,000.

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Contact Kathleen Sullivan for your private showing at 781-771-9949 or