Skip to content

Location filter
  • Any
  • Boston
  • Boston - Allston
  • Boston - Back Bay
  • Boston - Bay Village
  • Boston - Beacon Hill
  • Boston - Brighton
  • Boston - Charlestown
  • Boston - Chinatown
  • Boston - Dorchester
  • Boston - Downtown
  • Boston - East Boston
  • Boston - Fenway/Kenmore
  • Boston - Fort Hill
  • Boston - Fort Point
  • Boston - Hyde Park
  • Boston - Jamaica Plain
  • Boston - Longwood Medical Area
  • Boston - Mattapan
  • Boston - Mission Hill
  • Boston - North End
  • Boston - Northeastern/Symphony
  • Boston - Roslindale
  • Boston - Roxbury
  • Boston - Seaport/Waterfront
  • Boston - South Boston
  • Boston - South End
  • Boston - Theater District
  • Boston - West End
  • Boston - West Roxbury
  • Abington
  • Andover
  • Arlington
  • Bedford
  • Belmont
  • Beverly
  • Billerica
  • Braintree
  • Bridgewater
  • Brookline
  • Burlington
  • Cambridge
  • Canton
  • Chelsea
  • Chestnut Hill
  • Danvers
  • Dedham
  • Everett
  • Framingham
  • Gloucester
  • Hingham
  • Lawrence
  • Lexington
  • Lowell
  • Lynn
  • Lynnfield
  • Malden
  • Marlborough
  • Medford
  • Melrose
  • Methuen
  • Milton
  • Natick
  • Needham
  • Newton
  • North Reading
  • Norwood
  • Peabody
  • Pembroke
  • Plymouth
  • Quincy
  • Randolph
  • Reading
  • Revere
  • Salem
  • Saugus
  • Sharon
  • Somerville
  • Stoneham
  • Stoughton
  • Sudbury
  • Swampscott
  • Taunton
  • Wakefield
  • Waltham
  • Watertown
  • Wayland
  • Wellesley
  • Westwood
  • Weymouth
  • Wilmington
  • Winthrop
  • Woburn
  • Worcester
  • Babson College
  • Berklee College of Music
  • Bentley University
  • Boston College
  • Boston University
  • Brandeis University
  • Emerson College
  • Emmanuel College
  • Harvard University
  • Hult International Business School
  • MassArt
  • MCPHS University
  • MIT
  • Northeastern University
  • Simmons University
  • Suffolk University
  • Tufts University
  • UMASS Boston
  • Wentworth Institute of Technology
You are here:
Home Massachusetts Salem Commercial Properties for Sale

108-122 Lafayette Salem, MA 01970

Contingent
19 Photos
$6,500,000
Type: Mixed Use
Lease Type N/A
SQFT: N/A
Restrooms: N/A
Parking: N/A
108-122 Lafayette
Salem, MA 01970

Property Description

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.

Property Overview

Property Details click or tap to expand

Property Information

  • Type: Mixed Use
  • Location: Legal Conforming
  • MLS ID#: 73264543

Financial

  • Gross Annual Expenses: 263282
  • Gross Annual Income: 902619
  • Net Operating Income: 639337

Construction & Utilities

  • Utilities: Natural Gas, Public Sewer, Public Water

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
10/07/2024Contingent$6,500,000MLSPIN
07/19/2024Active$6,500,000MLSPIN
07/15/2024New$6,500,000MLSPIN

Mortgage Calculator

View Breakdown

Map & Resources

Saint Josephs School

School

0.12mi

New Liberty Innovation School

Public Secondary School, Grades: 9-12

0.28mi

Salem Prep High School

Public Secondary School, Grades: 8-12

0.3mi

Saint Marys School

School

0.32mi

Salem Academy Charter School

Charter School, Grades: 6-12

0.33mi

Saltonstall School

Public Elementary School, Grades: K-8

0.34mi

Salem Academy Charter School

Charter School, Grades: 6-12

0.43mi

Collins Middle School

Public Middle School, Grades: 6-8

0.62mi

All Souls Lounge

Bar

0.23mi

Bit Bar

Bar

0.24mi

Starbucks

Coffee Shop

0.08mi

Lulu's Bakery and Pantry

Cafe

0.2mi

Kakawa Chocolate House

Cafe

0.25mi

Honey Dew

Donut & Coffee Shop

0.27mi

Polonus Deli

Cafe

0.3mi

Roseadella’s

Coffee Shop

0.32mi

All Creatures Veterinary Hospital

Veterinary

0.59mi

Feline Hospital

Veterinary

0.71mi

Day Of the Dog

Pet Grooming

0.32mi

Salem Fire Department

Fire Station

0.13mi

Salem Fire Department

Fire Station

0.6mi

Salem Fire Department

Fire Station

0.84mi

Salem City Fire Department

Fire Station

0.97mi

Salem Fire Department - Station 5

Fire Station

1.05mi

North Shore Medical Center - Salem Hospital

Hospital

0.56mi

MassGeneral for Children at North Shore Medical Center

Hospital. Speciality: Paediatrics

0.76mi

Salem Police Department

Local Police

0.2mi

The Salem Museum

Museum

0.2mi

Peabody Essex Museum

Museum

0.22mi

Witch History Museum

Museum

0.24mi

New England Pirate Museum

Museum

0.25mi

The Witch House

Museum

0.34mi

Witch Dungeon Museum

Museum

0.35mi

Essex Institute Museum Building

Museum

0.35mi

Friendship of Salem

Museum

0.41mi

Gasset FItness Center

Fitness Centre

0.88mi

Pool

Swimming Pool

0.93mi

Salem YMCA

Sports Centre

0.31mi

Batting Cage

Sports Centre. Sports: Baseball

0.85mi

O'Keefe Sports Complex

Sports Centre

0.85mi

Alumni Field

Sports Centre. Sports: Soccer

0.88mi

Lafayette Park

Municipal Park

0.02mi

15 Peabody Street Park

Municipal Park

0.1mi

Riley Plaza

Park

0.12mi

Salem Waterfront Park

Park

0.14mi

High Street Park

Municipal Park

0.14mi

Charter Street Historic District

Park

0.22mi

Mary Jane Lee Park

Municipal Park

0.22mi

Lappin Park

Municipal Park

0.24mi

Mass Bay Dental

Dentist

0.25mi

Dr. Stan Garber DMD

Dentist

0.53mi

Essex Street Dental Medicine

Dental Implants, Dentistry

0.55mi

Speedway

Gas Station

0.16mi

Prime Gas Station

Gas Station

0.2mi

Speedway

Gas Station

0.62mi

Sunoco

Gas Station

0.69mi

Shell

Gas Station

0.79mi

Witch City Mall

Mall

0.26mi

Daily Table

Supermarket

0.11mi

Crosby's Marketplace

Supermarket

0.54mi

Walgreens

Pharmacy

0.1mi

CVS Pharmacy

Pharmacy

0.26mi

CVS Pharmacy

Pharmacy

0.63mi

Walgreens

Pharmacy

0.78mi

Red Lion Smokeshop

Variety Store

0.28mi

Lafayette St @ Harbor St

455

0.07mi

Lafayette St @ Harbor St

455

0.09mi

New Derby St opp Klop Alley

451
455

0.11mi

New Derby St @ Klopp Alley

451
455

0.12mi

Washington St @ New Derby St

450
456

0.15mi

Lafayette St @ Cedar St

455

0.2mi

Lafayette St @ Palmer St

455

0.2mi

Lafayette @ Leavitt St

455

0.26mi

Seller's Representative: Francesca Little, Little & Co., REALTORS®
MLS ID#: 73264543

© 2024 MLS Property Information Network, Inc.. All rights reserved.

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.

MLS PIN data last updated at 2024-10-10 13:03:00