28 Bow Street

Off Market

28 Bow Street

Salem MA 01970

2128 sq. ft.

6761 sq. ft.

Multi-Family

Last sold for $701,000

Steven Mallia, last sold this property on 26 September 2025 after 47 days on market.

Overview

Opportunity Knocks! Two-Family on the Peabody/Salem Line. Investors, contractors, and savvy buyers – bring your vision to this two-family home ideally located on the Peabody/Salem line. This property offers tremendous potential with solid bones and expansion potential, perfect for rental income, multigenerational living, or future resale. Each unit features spacious rooms, high ceilings, and separate electric, making it a great candidate for renovation.This home is ideal for those looking to add value with updates and repairs. See the partially finished basement and additional rooms on the third floor, along with a great backyard ready for your vision. Whether you're looking for an investment or to customize and hold, the location can't be beat: enjoy easy access to downtown Salem, Peabody shops and restaurants, public transportation, and major highways. Don't miss your chance to transform this property and build equity in a desirable North Shore location.

Features

4 bedrooms

3 bathrooms

6 carspaces

2128 sq. ft. floor area

6761 sq. ft. lot size

Multi-Family

Estimated Value

Based on this property and similar 4 bedroom multi families sold in Salem over the last 12 months, the estimated median property value of 28 Bow Street is $805k.

Median value

$805k

Estimated value range

$701k - $929k

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Salem. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 28 Bow Street

2025

Sold

$701,000

26 Sep 2025 by Steven Mallia, of REMAX Beacon | Salem

Happy sellers in Salem

94%

94% of sellers in Salem reported that their sale price either exceeded or met their price expectations.

Salem stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Salem over the last 12 months.

Local market activity for 4 bedroom multi families in Salem

In the last 12 months, 7 four-bedroom multi families similar to 28 Bow Street, have been sold.

This represents a 14% decrease in four-bedroom multi families sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Salem for a market analysis.

Kathy & Terry Sullivan

at REMAX Beacon | Beverly

(88 reviews)

Get a market analysis

Sean K Connelly

at William Raveis Real Estate - Marblehead

(52 reviews)

Get a market analysis

Rita Lu

at Keller Williams Realty Boston-Metro | Back Bay

4.9

(19 reviews)

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Carol St. Pierre

at Tache Real Estate, Inc.

(3 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Salem

Kathy & Terry Sullivan

Sellers who recommend Kathy & Terry Sullivan have praised them for being local expert, supportive, responsive, detail-oriented, clear communication, dedicated, and reliable

5 (88 reviews)
2 Reviews in Salem
2 Sales in Salem

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Sean K Connelly

Sellers who recommend Sean K Connelly have praised them for being local expert, clear communication, responsive, reliable, supportive, friendly, and trustworthy