June 6, 2025 – Stephen Girolamo of Horvath & Tremblay has arranged the sale of six multi-family units in Salem, Massachusetts. Horvath & Tremblay represented the seller and procured the buyer to close the property at a sale price of $1,475,000.
The multi-family investment property is located at 41 Salem Street in Salem, Massachusetts. The multi-family property contains six (6) total units consisting of one (1), 1-Bedroom/1-Bathroom unit, three (3), 2-Bedroom/1-Bathroom units, and two (2), 3-Bedroom/1Bathroom unit in 5,320 square feet of living area on a .072-acre parcel. Several units have updated kitchens with granite countertops and dishwashers. The Property is separately metered for electric, and electric heat, which the tenants pay directly. The Landlord is responsible for common area electric, gas-fired hot water, and domestic water and sewer. Situated along Salem Street, the Property is convenientnt to the intersection of Washington Street and Lafayette Street (MA Route 1A), and is a short walk from Canal Street, the area’s primary commercial corridor, as well as the center of Downtown Salem, Salem Harbor, Salem Hospital and the area schools. The location is walkable to numerous dining, drinking, shopping, cultural and entertainment amenities. The Property is located just minutes from Interstate 95, the Yankee Division Highway, US Route 1 and MA Routes 107 and 114. MBTA bus route 455 stops near the Property, providing convenient local access throughout the North Shore. Commuter Rail Service to Boston is available 0.7-miles from the Property at the Salem Train & Bus Station. Salem is located 15 miles along the north shore from Downtown Boston, a major draw for many of the city’s residents.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.