Salem Real Estate: Sell or Buy a Home or Multifamily
Salem, MA homes, condos and multifamily properties
Talk with a Salem Real Estate Expert
Thinking about selling your home or multifamily in Salem, or looking to buy or invest? We know Salem’s neighborhoods well and would be happy to have a quick conversation about your options. One of our Salem agents will reach out at a time that works for you, or call 978-927-1959.
Salem Real Estate: Sell or Buy a Home or Multifamily
Salem, MA homes, condos and multifamily properties
Talk with a Salem Real Estate Expert
Thinking about selling your home or multifamily in Salem, or looking to buy or invest? We know Salem’s neighborhoods well and would be happy to have a quick conversation about your options. One of our Salem agents will reach out at a time that works for you, or call 978-927-1959.
Selling a Home in Salem
Few cities in Massachusetts have housing stock as old or as varied as Salem’s. Federal-era homes in the McIntire Historic District and along Chestnut Street, antique homes and condos near Derby Street and the waterfront, Victorians around Salem Common, and capes, ranches and colonials in North Salem and Witchcraft Heights all draw different buyers. That’s why we price a Salem home against truly similar sales by neighborhood, style and era, not a citywide average.
We plan for a few Salem issues up front:
- Historic districts. Exterior changes to homes in Salem’s local historic districts need Salem Historical Commission review. Buyers will ask, so we gather approvals and records before listing.
- Old-house questions. Lead paint, older wiring, oil tanks and original windows come up often. A pre-listing inspection helps us price honestly and avoid renegotiating later.
- October. Haunted Happenings brings huge crowds downtown, so we schedule fall showings and open houses around traffic and parking.
- Paperwork. We line up the smoke and carbon monoxide certificate from the Salem Fire Department, the lead paint disclosure for pre-1978 homes and, for condos, the association’s 6(d) certificate.
See how our selling process works from valuation to closing.
Selling a Multifamily or Investment Property in Salem
Salem has one of the deepest small-multifamily markets on the North Shore. Owner-occupants, local investors and 1031 exchange buyers all look here: triple-deckers in the Point, South Salem and around Boston Street, two-families in North and South Salem, converted Victorians near the Common and mixed-use buildings downtown. Rental demand comes from Salem State University, Salem Hospital, commuters on the commuter rail and the seasonal Boston ferry, and the city’s tourism economy.
These buyers underwrite income. We help you prepare a clean rent roll, 12 to 24 months of expenses, lead paint Letters of Compliance and security deposit records, and we schedule showings around tenants with proper notice. Converting occupied rentals to condominiums in Salem is subject to local rules and tenant protections, and value-add buyers will research them carefully. Visit our Investing page to learn more about selling income property and using a 1031 exchange.
Buying a Home in Salem
If you’re buying in Salem, we’ll help you weigh walkable downtown living against quieter neighborhoods like the Willows and North Salem. We’ll explain what historic district review means for a renovation, and we’ll help you evaluate a two- or three-family if you’d like to live in one unit and rent the others. Learn more about buying with Herrick Lutts.
Recent Herrick Lutts Activity in Salem
- 3 Roosevelt Rd, Salem: sold for $764,200 (October 2026)
- 8 Saunders St, Salem (multifamily): under agreement
- 15 Beacon St and 125 Derby St Unit D (condo): active listings as of October 2026
- 32 Park St, Salem: new listing at $829,000 (October 2026)
See more of our sold listings.
Nearby North Shore Towns
We also help clients sell and buy homes and multifamily properties in Beverly, Peabody and Danvers.