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.
Property Details
Price:
$4,995,000
MLS #:
73593367
Status:
Active
Beds:
6
Baths:
4
Type:
Multi Family
Subtype:
4 Family – 4 Units Up/Down
Neighborhood:
northend
Listed Date:
Oct 21, 2026
Finished Sq Ft:
4,492
Total Sq Ft:
4,492
Lot Size:
1,300 sqft / 0.03 acres (approx)
Year Built:
1920
Units:
4
See this Listing
Schools
Interior
Above Grade Finished Area
3378
Appliances
Range, Dishwasher, Refrigerator
Bathrooms
3 Full Bathrooms, 2 Half Bathrooms
Below Grade Finished Area
1114
Cooling
Central Air
Flooring
Tile, Hardwood
Heating
Forced Air
Interior Features
Living Room, Kitchen
Levels
6
Exterior
Community Features
Public Transportation, Shopping, Walk/Jog Trails, Laundromat, Bike Path, Highway Access, House of Worship, T-Station
Construction Materials
Brick
Roof
Rubber
Stories
6
View
City View(s)
Financial
Tax Year
2026
Taxes
$20,396
Map
Community
- Address111 Salem Street Boston MA
- CityBoston
- CountySuffolk
- Zip Code02113
Subdivisions in Boston
- Adams Village
- Ashmont Hill
- Ashmont Hill / Carruth Area
- Back Bay
- Bay Village
- Beacon Hill
- Bellevue Hill
- Boston
- Brighton-Oak Square
- Charlestown
- Chestnut Hill
- Chestnut Hill /Brookline line
- Chestnut Hill Park Condominium
- Clam Point Neighborhood
- Eight Streets Neighborhood
- Ellis South End Neighborhood
- Fairmount Hill
- Fields Corner
- Gas Light District
- Golf Course Neighborhood
- Harbor View
- Harborview
- Highland
- Hyde Park
- Jamaica Plain
- Lower Mills
- Melville Park
- Metropolitan Heights Area
- Metropolitan Hill
- Mission Hill – Longwood Medical
- Oak Square
- Parkway neighborhood
- Roslindale
- Roslindale – WC Bates
- roslindale village
- Roxbury’s Moreland Street Historic District
- Savin Hill: Minutes to Carson Beach/UMass Boston T-Stop
- South Boston
- Suffolk County
- Sumner Hill
- Thomas Park
- Woodbourne
Market Summary
Current real estate data for Multi Family in Boston as of Oct 24, 2026
433
Multi Family Listed
127
Avg DOM
477
Avg $ / SqFt
$2,069,872
Avg List Price
Property Summary
- 111 Salem Street Boston MA is a Multi Family for sale in Boston, MA, 02113. It is listed for $4,995,000 To schedule a showing of MLS#73593367 at 111 Salem Street in Boston, MA, contact your Cornerstone Real Estate agent at 617-238-7400.
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Courtesy of Serhant. 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.
111 Salem Street
Boston, MA

