About this home
Owner occupants, investors, contractors, and developers take notice! 61 Mason Street presents a rare opportunity to own a two-family in a highly convenient Salem location with significant potential to build equity and add value. Live in one unit and offset your mortgage with rental income, while enjoying the benefits of homeownership and long-term investment potential. The existing two-family layout, along with additional space in the attic, provides flexibility for future use or improvements. Investors will also appreciate the opportunity to grow their portfolio and unlock additional value. Ideally situated just a quick walk from vibrant downtown Salem, the commuter rail, waterfront, restaurants, shopping, parks, and museums, while remaining outside the busiest tourist areas. For those looking toward the future, the property was previously approved for a five-unit development plan, offering buyers the opportunity to explore similar redevelopment potential, subject to current approvals and buyer due diligence. Whether you're looking for a home with rental income, an investment property, or a larger development opportunity, 61 Mason Street offers a unique range of possibilities.
Listing last checked: Listing updated:
Listed by Alex Rice · North Shore Realty Advisors · MLS #73588049
Request property information
Select a document to start a request. You can add others in the form. Availability varies.
Details at a glance
Interior2 property facts
- Rooms
- 6
- Basement
- Not reported
Building4 property facts
- Style
- Multi Family
- Year built
- 1850
- Parking
- 3
- Foundation
- Stone
Land & utilities5 property facts
- Lot size
- 0.13 acres
- Water
- Public
- Sewer
- Public Sewer
- Pool
- Not reported
- Zoning
- NRCC
Financial2 property facts
- Annual taxes
- $5,445
- Assessment year
- 2026
Location
Estimated monthly cost
Explore costs at the $649,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$3,735 / monthAdjust
- Principal & interest
- $3,282
- Property tax
- $454
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $5,445. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
More property insights
Automated value estimate $657,932
Estimated range $635,674–$680,190.
Automated estimates are not appraisals or guarantees of market value.
Request a professional market analysisPhoto-based condition insights
Overall presentation: above average
Explore more of Salem
Continue your search in Salem.
Need help making sense of this home?
About 61 Mason St
Can I request a private showing?
Request a tour of 61 Mason St and a Bean Group agent will help coordinate an available time with the listing side.
Can you help me evaluate this property?
Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
Are property documents available?
Availability varies by property and source. Request the documents you need and we will help obtain what is available.