For Sale
111 Salem St, Boston, MA
Boston · MA 02113
- $4,995,000
- Price
- 6
- Beds
- 3.5
- Baths
- 4492
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1920
Units:
4 Units
Lot size:
1,300 Sq.Ft Lot
Price per square foot:
$1,112 / Sq.Ft
Parking:
No Parking
About this home
A rare opportunity to purchase a mixed use property along one of Boston's most storied commercial corridors, 111 Salem Street is ideally situated just one block from iconic Hanover Street in the heart of the North End. Offering approximately 4,500 square feet of commercial and residential space, the property combines established restaurant infrastructure, income potential, and long term flexibility. The commercial component spans three levels, including a street level restaurant, an extensively refurbished permitted lower level food preparation kitchen, and an additional level with private office and storage space. Features include walk in refrigeration, upgraded electrical systems, a service elevator with pallet lift connecting the commercial levels, and a dedicated rear roll up delivery entrance. Expansive signage extending along both sides of the building and projecting over the sidewalk provides prominent visibility along this highly trafficked North End corridor. Recent improvements include brick replacement and repointing at the front and rear, new gutters and drain pipes, and fire escape certification dated September 1, 2026. The restaurant is currently occupied by an established, long term tenant under a triple net (NNN) lease through December 2027. Above, 3 vacant two bedroom, one bathroom apartments, each equipped with air conditioning, offer immediate leasing flexibility, with potential for renovation, reconfiguration, or expansion to create larger residences, subject to applicable approvals. Existing roof access presents the potential for a future roof deck, subject to feasibility and necessary approvals. Whether envisioned as a future restaurant or hospitality destination, a 1031 exchange acquisition, or a long term mixed-use investment, 111 Salem Street offers a compelling combination of location, infrastructure, and versatility in one of Boston's most established neighborhoods.
Neighborhood & Transit
North End
111 Salem St, Boston · MA 02113
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
-
Haymarket GreenOrange 0.17 mi
-
North Station GreenOrange Commuter Rail 4 routes 0.21 mi
- Fitchburg Line
- Haverhill Line
- Lowell Line
- Newburyport/Rockport Line
-
Aquarium Blue 0.35 mi
-
State BlueOrange 0.35 mi
-
Government Center BlueGreen 0.38 mi
-
Bowdoin Blue 0.39 mi
Price Insight
- Days on Market:
- 0 days
- Listing Price:
- $4,995,000
- Price per Sq.Ft:
- $1,112
- Tax Assessment:
- $1,110,300 in 2026
- Taxes:
- $1,700 / Monthly
Home Facts
Interior Features
- Bedrooms
- 6
- Full Bathrooms
- 3
- Half Bathrooms
- 1
- Living Area
- 4,492 Sq.Ft (Includes Basement)
- Broker Disclosure about Living Area
- Measurements are approximate.
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 3378
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 1,300 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- None
Construction Details
- Construction Type
- Unknown
- Siding
- Brick
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown