Salem, MA108-122 Lafayette
Sale Price$6,000,000
MLS Number 73264543
- CommercialSale
- Acreage 0.18
- Zoning B5
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®
| Price | Down Payment | Interest Rate | Years |
|---|---|---|---|
| % |
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.


