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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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111 Salem St , Boston, MA 02113
$4,995,000
Est. Payment: $27,259.76/mo
6 Bed
5 Bath
4492 Sqft
0.03 Acres
Status: active | Days on site: 10
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House Description

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.

Highlights

Listed by Cormier Collective Team , 978-837-2780 Serhant , 617-250-0559. MLS Property Information Networks, Inc.

Property Type

Multi-Family

Lot/Acreage
0.03

Year Built

1920

County

Suffolk

Area

North End

Listing ID

73593367

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:6
  • ▪ Bathrooms:5
  • ▪ Full Bathrooms:3
  • ▪ 1/2 Bathrooms:2
Appliances:Range, Dishwasher, Refrigerator
Air Cond:Central Air
Fireplaces:
Floor:Tile,Hardwood
Other:
  • ▪ Additional:Living Room, Kitchen
Water:Public

Exterior Features

Garage Capacity:0
Zoning:RC
Roof:Rubber
Sewer:Public Sewer
Principal Interest
$27,260
Taxes
$1,700

Home Price

$4,995,000

Loan Details

30 yrs
7.25%

Down Payment

20%
$999,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$27,259.76

Principal

Taxes

Principal Taxes HOA Total
Monthly $27,259.76 $1,699.64 $0.00 $28,959.41
Yearly $327,117.17 $20,395.70 $0.00 $347,512.87
Total $9,813,515.09 $611,871.00 $0.00 $10,425,386.09

Today's Rates

30 Year

7.25%

20 Year

7.03%

15 Year

6.68%

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Market insight data is pulled from the same city as the listing being viewed (Boston, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein.

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Data last updated: 2026-10-31T18:51:20.000Z

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