OFF MARKET

Off Market Jan 2021 for $875K

$1,318,454

Est. refi paymentEst. refi $287/mo

•

4,118

sq ft

1 Ropes St, Salem, MA 01970

About this home

This rare four family is a great investment property or your next/1031 exchange! It has a fabulous location. It's centrally located to Pickering Wharf, waterfront, museums, shops , stores, restaurants, commuter rail and Salem State University. They are all minutes away. This multi family property boast 20 rooms, 8 bedrooms, and 4 full baths in these spacious 5 room units, with 4118 square feet of total living area. The units all have individual gas and electric meters per unit. The apartments have hardwood floors and pantries in each unit, and individual storage units in the basement. They are all separate furnaces and hot water tanks, and have been replaced in the last couple of years as well. There is a washer dryer hook up in the basement also. The units are fully occupied and they are tenants at will. These rents are currently below market value. So set up your appointment today, 24 to 48 hours needed to schedule showings with tenants.

Multi-familyProperty Type

1915Year Built

3,484 sq ftLot Size

$320Est. Price/Sq.Ft.

Listed by Anthony Verdone • Century 21 North East

Bought with Egi Gjikondi • Broad Street Boutique Realty LLC

Redfin checked: a minute ago

•Source:MLS PIN #72702130

Redfin Estimate

$1,318,454

$443K since sold in January 2021$26K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 20.1% higher than the average sale price ($1.10M) of 6 comparable homes.

SOLD JUL 28, 2026
$900,000
A
8 beds3 baths3,419 sq ft
39 Mason St, Salem, MA 01970
SOLD MAY 28, 2026
$1,020,000
B
6 beds4 baths4,394 sq ft
101 Ocean Ave, Salem, MA 01970
SOLD MAY 20, 2026
$1,140,000
C
7 beds3 baths4,330 sq ft
17 Roslyn St, Salem, MA 01970
SOLD JUN 5, 2026
$1,300,000
D
6 beds4 baths4,363 sq ft
7 Fairfield, Salem, MA 01970
SOLD DEC 1, 2025
$1,225,000
E
7 beds3.5 baths3,650 sq ft
51 Ocean Ave, Salem, MA 01970
SOLD FEB 2, 2026
$1,000,000
F
9 beds3 baths5,313 sq ft
25 Perkins St, Salem, MA 01970

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Earn from this home

Refinance

Est. cash available

Get cash now or lower your monthly rate

Market trends in 01970, MA

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

101.4%

+0.1% MoM

Median sale price

$620K

$10K MoM

Avg. days on market

21d

0 days MoM

Recently sold homes

145

19 MoM

New listings for sale

OPEN SUN, 12PM TO 1:30PM
$695,000
2 beds2 baths1,092 sq ft
65 Washington St #405, Salem, MA 01970
OPEN SUN, 1PM TO 2PM
$565,000
2 beds2.5 baths1,955 sq ft
22 Celestial Way Unit 19B, Salem, MA 01970
LISTED BY REDFIN 31 HRS AGO
$699,000
3 beds2.5 baths1,838 sq ft
5-7 Bradford St #5, Salem, MA 01970
$299,000
1 bed1 bath735 sq ft
163 North St #1, Salem, MA 01970
OPEN SUN, 1PM TO 2:30PM
$549,900
3 beds2 baths1,556 sq ft
1 Randall St, Salem, MA 01970
OPEN SUN, 11AM TO 12PM
$557,000
2 beds1 bath1,318 sq ft
6 Union St #3, Salem, MA 01970
OPEN SUN, 11:30AM TO 1PM
$749,900
3 beds3 baths2,450 sq ft
11 Mooney Rd, Salem, MA 01970
$575,000
2 beds2 baths1,644 sq ft
42 School St #2, Salem, MA 01970
OPEN SUN, 12PM TO 1:30PM
$850,000
7 beds2 baths2,918 sq ft
21 Jackson St, Salem, MA 01970
OPEN SUN, 11:30AM TO 1PM
$549,900
2 beds2 baths1,153 sq ft
40 Essex St #1, Salem, MA 01970
See all

Provided by Redfin

Sale history for 1 Ropes St

Date

Event

Price

RENT. #1

Aug 6, 2022

Price Changed

$2,800

$1/sq ft

MLS PIN #72702130

Jan 7, 2021

Sold

$875,000

$212/sq ft

Oct 20, 2020

Contingent

—

Oct 3, 2020

Price Changed

$899,900

$219/sq ft

Aug 1, 2020

Listed

$924,900

$225/sq ft

MLS PIN #72222279

Oct 27, 2017

Sold

$666,000

$162/sq ft

Sep 12, 2017

Pending

—

Sep 4, 2017

Listed

$689,900

$168/sq ft

Looking for an investment with proven income or maybe looking for a multi to convert into condos...look no further! This great 4 family has been well maintained and has all four units all occupied 1 has a 6 mos lease the rest are TAW-tenants. Coin-op Laundry in basement nets $100/mo. Each unit has it's own lockable storage unit as does the the owner. Currently all rented below market value with room for increases of up to $200/month/unit. Great opportunity, don't miss out.

MLS PIN #71277790

Dec 23, 2011

Sold

$390,000

$95/sq ft

Nov 7, 2011

Contingent

—

Oct 28, 2011

Price Changed

$399,000

$97/sq ft

Aug 21, 2011

Listed

$409,000

$99/sq ft

Public Records

Jan 1, 1975

Sold

$45,000

$11/sq ft

Year

Property tax

Land + Additions

Assessment*

2023

$10,857 (+4.7%)

$144,300 + $723,600

$867,900

2022

$10,367 (+1.3%)

$135,600 + $646,800

$782,400

2021

$10,238 (+9.2%)

$135,600 + $606,300

$741,900

2020

$9,372 (+4.6%)

$117,100 + $531,500

$648,600

2019

$8,962 (+28.0%)

$111,400 + $482,100

$593,500

2018

$7,004 (+4.0%)

$106,200 + $349,200

$455,400

2017

$6,736 (+2.4%)

$86,600 + $338,100

$424,700

2016

$6,581 (−0.2%)

$81,900 + $338,100

$420,000

2015

$6,594 (+4.0%)

$73,900 + $327,900

$401,800

2014

$6,339 (+14.4%)

$73,900 + $305,000

$378,900

2013

$5,543 (+3.4%)

$73,900 + $264,500

$338,400

2012

$5,361 (+1.6%)

$78,500 + $264,500

$343,000

2011

$5,278 (+5.2%)

$76,200 + $274,500

$350,700

2010

$5,018 (−3.7%)

$83,700 + $274,500

$358,200

2009

$5,212

$103,900 + $299,500

$403,400

Tax history for 1 Ropes St

Year

Property tax

Land + Additions

Assessment*

2023

$10,857 (+4.7%)

$144,300 + $723,600

$867,900

2022

$10,367 (+1.3%)

$135,600 + $646,800

$782,400

2021

$10,238 (+9.2%)

$135,600 + $606,300

$741,900

2020

$9,372 (+4.6%)

$117,100 + $531,500

$648,600

2019

$8,962 (+28.0%)

$111,400 + $482,100

$593,500

2018

$7,004 (+4.0%)

$106,200 + $349,200

$455,400

2017

$6,736 (+2.4%)

$86,600 + $338,100

$424,700

2016

$6,581 (−0.2%)

$81,900 + $338,100

$420,000

2015

$6,594 (+4.0%)

$73,900 + $327,900

$401,800

2014

$6,339 (+14.4%)

$73,900 + $305,000

$378,900

2013

$5,543 (+3.4%)

$73,900 + $264,500

$338,400

2012

$5,361 (+1.6%)

$78,500 + $264,500

$343,000

2011

$5,278 (+5.2%)

$76,200 + $274,500

$350,700

2010

$5,018 (−3.7%)

$83,700 + $274,500

$358,200

2009

$5,212

$103,900 + $299,500

$403,400

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

3,484

Year renovated

2022

Sq. Ft.

4,118

Year built

1915

Style

Multi-Family (2-4 Unit)

County

Essex County

APN

2135899

Parking Spaces

Basement

Yes

Accessible

HOA Dues

—

Garage

Features

—

Last updated by owner on Aug 31, 2022.

Property details

Parking

Parking Information
Has Open Parking
Parking Features: On Street

Interior

Bathroom Information
# of Bathrooms (Full): 4

Basement Information
Basement: Full

Laundry Information
Laundry Features: Electric Dryer Hookup, Washer Hookup

Interior Features
# of Rooms (Total): 20
Window Features: Box/Bay/Bow Window(s), Insulated Windows, Screens
Flooring: Vinyl, Varies, Hardwood
Interior Features: Storage, Laundry Room, Pantry, High Speed Internet, Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen

Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: N

Unit #2 Information
# of Levels: 1
# of Floors: 1
Lease: N

Unit #3 Information
# of Levels: 1
# of Floors: 2
Lease: N

Unit #4 Information
# of Levels: 1
# of Floors: 2
Lease: N

Exterior

Building Information
Building Area (Total): 4,118
Foundation Details: Stone, Brick/Mortar
Construction Materials: Frame
Stories (Total): 4
Year Built Source: Public Records
Year Built Details: Actual
Color: Red

Exterior Features
Roof: Rubber
Patio And Porch Features: Porch, Enclosed
Exterior Features: Rain Gutters

Property Information
PropertySubType: 4 Family - 4 Units Side by Side

Lot Information
Lot Size (Acres): 0.08
Lot Features: Level
Road Frontage Type: Public

Financial

Tax Information
Tax Annual Amount: $9,372.27
Tax Year: 2020

Utilities

Utility Information
Utilities: for Gas Range, for Electric Dryer, Washer Hookup
Sewer: Public Sewer
Water Source: Public
Electric: Circuit Breakers

Heating & Cooling
Has Heating
Has Cooling
Heating: Natural Gas
Cooling: Window Unit(s)

Location

Location Information
Directions: Lafayette to Ropes St or GPS.
UnparsedAddress: 1 Ropes St, Salem MA 01970

Community Information
Senior CommunityYN: No
Community Features: Public Transportation, Shopping, Park, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University

Public facts

Beds: 9
Baths: 4.0
Sq. Ft.: 4,118
Stories: 2.0
Parking Spaces: 0
Basement: Yes
Accessible: No
Lot Size: 3,484 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1915
Year Renovated: 2022
County: Essex County
APN: 2135899
HOA Dues: —
Garage: No
Features: —

Home facts updated by owner on Aug 31, 2022

Other

Miscellaneous Information
Heat Zones: 4

Listing Information
Exclusions: Tenants Personal Property.
StandardStatus: Closed

Around this home

Schools

Saltonstall School

Public K-8 • Assigned • 0.3mi

5/10

Salem Prep High School

Public 9-12 • Assigned • 0.4mi

Salem High School

Public 9-12 • Assigned • 1.2mi

4/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

6/10 Heat Factor

7 days above 96° expected this year, 15 days in 30 years

7/10 Wind Factor

78% chance of strong winds in next 30 years

3/10 Air Factor

3 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

Salem, MA • 01970

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.1 hours in June and 4.4 hours in December, placing it below the U.S. average for solar exposure.

9.1 hrs

4.4 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

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New listings for sale in 01970

OPEN SUN, 12PM TO 1:30PM

$695,000

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65 Washington St #405, Salem, MA 01970

OPEN SUN, 1PM TO 2PM

$565,000

2 beds2.5 baths1,955 sq ft

22 Celestial Way Unit 19B, Salem, MA 01970

LISTED BY REDFIN 31 HRS AGO

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5-7 Bradford St #5, Salem, MA 01970

$299,000

1 bed1 bath735 sq ft

163 North St #1, Salem, MA 01970

OPEN SUN, 1PM TO 2:30PM

$549,900

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1 Randall St, Salem, MA 01970

OPEN SUN, 11AM TO 12PM

$557,000

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OPEN SUN, 11:30AM TO 1PM

$749,900

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Home values near 1 Ropes St

Data from public records.

Address	Redfin Estimate
3 Ropes Street, Salem, MA 8 Beds \| 4 Baths \| 4100 Sq. Ft.	$1,358,037
4 Ropes Street, Salem, MA 8 Beds \| 4 Baths \| 3600 Sq. Ft.	$1,376,687

Address	Redfin Estimate
5 Ropes Street, Salem, MA 12 Beds \| 6 Baths \| 5768 Sq. Ft.	—
2 1/2 Ropes Street, Salem, MA 3 Beds \| 1.5 Baths \| 1315 Sq. Ft.	$551,144

Address	Redfin Estimate
2 Ropes Street, Salem, MA 4 Beds \| 2 Baths \| 2287 Sq. Ft.	$662,061
4 Ropes Street #2, Salem, MA 2 Beds \| 1 Baths \| 765 Sq. Ft.	$276,749

Property information provided by undefined .

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 01970, MA

Sale history for 1 Ropes St

Tax history for 1 Ropes St

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 01970

Home values near 1 Ropes St

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