47 Winthrop St, Salem, MA 01970
- Beds
- 7
- Baths
- 5
- Sqft
- 2,858
View property features, location on map, relevant school information and overview from seller's agent.
- 2
- 0
Overview
Turnkey 3-family gem in the heart of downtown Salem! Fully renovated units, strong rental income, and location make this an exceptional opportunity for investors or owner-occupants seeking cash flow and long-term growth. Unit 1 offers 3 beds/2 baths with stylish finishes and generous living space. Unit 2 features 3 beds/1.5 baths has been renovated and will be delivered vacant ideal for an owner to move right in. Unit 3 is a spacious 1 bed/1 bath with separate kitchen, living and dinning room. Beautiful hardwood floors, modern kitchens, and updated baths through out the home. Exterior improvements and solid systems make this a low-maintenance asset. Current rents: $3,300 (U1), $3,100 (U2), $2,022 (U3). Excellent tenant history, responsible residents, and unbeatable proximity to shops, dining, commuter rail, and waterfront. Whether you're looking to expand your portfolio or live in one unit and let the others pay the mortgage this property checks all the boxes.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of bedrooms
- 7
- Number of bathrooms
- 5
- Square feet
- 2,858
- Lot size (acres)
- 0.07
- Year built
- 1915
Interior features
- Basement
- Yes, Unfinished
Utilities
- Heating
- Natural gas, Heat pump, Hot water, Forced air, Oil
- Cooling
- Heat pump
- Sewer
- Public sewer
- Water
- Public
Estimated monthly costs
- Electricity
- $870
- Insurance
- $3,731
Taxes
- Tax Annual Amount (2025)
- $8,806
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: MLS Property Information Network (MLS PIN) MLS®#: 73381487 Last checked: …
The property listing data and information, or the Images, 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, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting 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, leasing or renting. 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, or as to the accuracy of any of the Images, set forth herein. Copyright © 2026 MLS Property Information Network, Inc. All Rights Reserved.