$10,000 Closing Credit¹
#73378995, Armstrong Field Team, Listing Office: Aluxety
$1,050,000 List price
47 Winthrop St Salem, MA 01970
$10,000
Closing credit¹
7 beds
4 full, 1 partial
2,858 sqft
0.07 acres
$367 / sqft
Multi-Family
Property details
About 47 Winthrop St
Turnkey 3-family gem in the heart of downtown Salem! Fully renovated units, strong rental income, and location make this an exceptional opportunity for investors or owner-occupants seeking cash flow and long-term growth. Unit 1 offers 3 beds/2 baths with stylish finishes and generous living space. Unit 2 features 3 beds/1.5 baths has been renovated and will be delivered vacant ideal for an owner to move right in. Unit 3 is a spacious 1 bed/1 bath with separate kitchen, living and dinning room. Beautiful hardwood floors, modern kitchens, and updated baths through out the home. Exterior improvements and solid systems make this a low-maintenance asset. Current rents: $3,300 (U1), $3,100 (U2), $2,022 (U3). Excellent tenant history, responsible residents, and unbeatable proximity to shops, dining, commuter rail, and waterfront. Whether you're looking to expand your portfolio or live in one unit and let the others pay the mortgage this property checks all the boxes.
Highlights
Home typeMulti Family
HeatingHot Water, Natural Gas, Forced Air, Heat Pump, Oil
StatusActive
CoolingHeat Pump
Size2,858 sqft
BasementYes
Lot size0.07 Acres
Year built1915
ParkingPaved Drive, Off Street
MLS #73381487
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 4
- Appliances: ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dishwasher, Range, Refrigerator
- Basement: Yes
- Flooring Type: Tile, Hardwood
- Interior: Laundry Room, Stone/Granite/Solid Counters, High Speed Internet, Upgraded Cabinets, Bathroom With Tub & Shower, Smart Thermostat, Remodeled, Living Room, Kitchen, Dining Room
- Total Bedroom Count: 7
- Parking: Paved Drive, Off Street
- Exterior: Rain Gutters
- Heating: Hot Water, Natural Gas, Forced Air, Heat Pump, Oil
- Cooling: Heat Pump
- List Price: $1,050,000
- Price/SqFt: $367
- Annual Tax Amount: $7,623
- Tax Year: 2024
- Lot: Level
- Directions: Jefferson Ave to Winthrop St. and Broad St. to Winthrop St.
- Year Built: 1915
- Stories: 6
- Living Area: 2,858 SqFt
- Lot Size: 0.07 Acres
- MLS Number: 73381487
- MLS Name: MLS Property Information Network
- Office Name: Nina-Soto Realty, LLC
- Office Phone: (978) 594-1292
- Listing Agent: The Alianza Group
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/1/2025, 10:20:26 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,050,000
47 Winthrop St
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 31, 2022 | Home Sold | $750,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $656,000 | $7,623 |
| 2023 | $590,400 | $7,386 |
| 2022 | $562,900 | $7,458 |
| 2021 | $518,700 | $7,158 |
| 2020 | $461,000 | $6,661 |
| 2019 | $438,000 | $6,614 |
History based on county public records data.
Nearby schools
1
Horace Mann Laboratory
Public District KG-5
0.8 mi
•79 Willson St
4
Witchcraft Heights
Public District KG-5
1.1 mi
•1 Frederick St
4
Carlton
Public District KG-5
1.1 mi
•10 Skerry St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $60,609. The majority of Salem, MA residents have income between $35k-100k annually. Most families are single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
35%
<35k
37%
35k-100k
27%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
68%
Single, No Kids
9%
Single, with Kids
16%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
4%
12-17 yrs old
29%
18-34 yrs old
44%
35-64 yrs old
13%
65+ yrs old
What do the neighbors do for fun?
Yoga/pilates
NBA/WNBA
Soccer
Where do the neighbors shop?
H&M
New York & Company
Forever 21
Where do the neighbors go to eat?
Dominos Pizza
Qdoba
Bob Evans
What do the neighbors drive?
Audi
Infiniti
Mazda
What do the neighbors listen to?
Alternative
Active Rock- Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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This home is located at 47 Winthrop St in Salem, MA and zip code 01970. This 2,858 square foot home, which was built in 1915, sits on a 0.07 acre lot. Features: 7 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since May 28, 2025 and is currently priced at $1,050,000.
While more than 35 listings in Salem, MA in May 2025 were sold above asking price, there were more than 1 listings sold at asking price, and more than 14 were sold below. Between April and May 2025, Salem, MA real estate market has seen increase in the number of listings by 18.2%. In May 2025 median list price was $600,000 and the average listing age was 23 days.
From Rocket Homes Real Estate and based on county public records data.