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Est. Mortgage: $/month

Federal 30-year interest rate: 6.67% last updated on 2026-08-13

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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108-122 Lafayette Salem MA 01970108-122 Lafayette Salem MA 01970108-122 Lafayette Salem MA 01970108-122 Lafayette Salem MA 01970108-122 Lafayette Salem MA 01970108-122 Lafayette Salem MA 01970108-122 Lafayette Salem MA 01970108-122 Lafayette Salem MA 01970108-122 Lafayette Salem MA 01970108-122 Lafayette Salem MA 01970108-122 Lafayette Salem MA 01970108-122 Lafayette Salem MA 01970108-122 Lafayette Salem MA 01970108-122 Lafayette Salem MA 01970108-122 Lafayette Salem MA 01970108-122 Lafayette Salem MA 01970108-122 Lafayette Salem MA 01970108-122 Lafayette Salem MA 01970108-122 Lafayette Salem MA 01970
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    Looking for cash flow? This mixed-use property is a rare gem, boasting not only six (6) commercial spaces but also a thriving fifty seven (57) room rooming house. The rooming house consists of thirty three (33) rooms with private baths and twenty four (24) with shared baths. Using 2023 income this property is being offered at a 9.7% cap rate with projected rents for 2024 bringing to a 10.8% cap rate. A 5% vacancy has already been factored into the gross revenue. The first floor office and laundromat are currently being run by the owners and are included in the sale. The Landlord is responsible for all utilities for the rooming house and heat/hw and water/sewer for the commercial spaces. **THIS PROPERTY IS TO BE SOLD WITH 286 WASHINGTON ST MLS# 73264544**. Seller is open to exploring a seller financing deal for the right buyer. See attached for income/expenses and a rent roll of the commercial space. Rooming house rent rolls change weekly but can be provided upon request.
    Listed by Francesca Little of Little & Co.,REALTORS®

    Listing Sold by Little & Co., REALTORS®

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    More Info

    Basic Information

    • Contingency Pending P&S
    • Gross Income $902,619
    • Mls StatusSold
    • Parcel Number 4078714

    Building

    • Building Area Units Square Feet
    • Utilities Public Water, Public Sewer, Natural Gas Available
    • Year Built1915

    Exterior

    • RoofRubber

    Other

    • Date Listed07/15/2024
    • Farm Land Area Units Square Feet

    Tax Information

    • Tax Year 2022
    • Taxes$48,417

    Location

    • Address108-122 Lafayette
    • Building Number108-122
    • CountyEssex
    • StateMA
    • StreetLafayette
    • TownSalem
    • Zip01970

    Property Information

    • Lot Size Square Feet 7,762
    • Lot Size Units Acres

    Parking

    • Parking Spaces6

    Basic Information

    • GO-List Price$6,500,000
    • MLS Number73264543
    • Modification Date12/09/2024
    • Purchase Contract Date09/30/2024
    • Sale Date12/06/2024
    • Sale Price$6,000,000

    Property

    • Acreage0.18

    The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. 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 or leasing 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 or leasing. MLSPIN 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.

    I agree to receive marketing and customer service calls and text messages from Levi Test Cloner2. To opt out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Privacy Policy.

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