Active
3 Days on market
33 Walter St Salem — Photo 1 of 19

33 Walter St Salem — Photo 1 of 19

$399,900

33 Walter St, Salem, MA 01970

Salem, MA 01970

Investor Analysis

Beds

5

Baths

2

SqFt

2,123

Style

Multi Family

Built

1800

Bring your vision and tools to 33 Walter Street! Nestled in a highly desirable Salem neighborhood, this classic 1800s multi-family home features 2 distinct units, offering a total of 5 bedrooms and 2 bathrooms across over 2,100 square feet of living space. The property sits on a fantastic, spacious 8,712-square-foot lot with plenty of outdoor potential.This property is in need of a complete top-to-bottom rehabilitation and is being sold strictly AS-IS. Whether you choose to bring this historic multi-family back to its former glory or reimagine the space entirely, the potential return on investment in this market is undeniable.Perfect for seasoned contractors, flippers, or portfolio builders looking for their next major project. Due to the condition of the home, this is a CASH-ONLY sale.

Open Houses

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$188/sqft
Local Avg (Salem)$351/sqft
46% BelowMarket Average

* Analysis is based on 20 actively listed and recently sold comparable properties strictly within Salem, MA.

Property Details

Financials

Original Price$399,900
Annual Taxes$5,948

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms9
Fireplaces2
Flooring--
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningR2

Property & Lot

Acres0.2
SqFt Lot8,851
Lot FeaturesLevel

Geography

Population

44,738

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$85K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

50.4%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

1,060 housing units permitted in the last 12 months (-11% vs the prior 12 months) — 603 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

Listing Provided By

Listing Agent: James Bourque

Listing Office: Diamond Key Real Estate

MLS® Number: 73578801

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