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Land with Home for Sale in Salem, New Hampshire

16 School St, Salem, NH 03079

$699,000
2 acres
Active sale
Est $4,267/mo

BACK ON MARKET DUE TO BUYER INABILITY TO OBTAIN FINANCING. OPEN HOUSE 7/1 5PM - 630PM. Great investment opportunity or ideal owner-occupied property with built-in rental income. This two-story multi-unit home offers two separate units, including a spacious 3-bedroom unit and a 4-bedroom unit, providing flexibility for investors or those looking to offset their mortgage with tenant income. Situated on a generous lot with a large backyard, the property also includes a barn with additional storage or possible rental potential. Located in a quiet neighborhood just steps from the elementary school and only about a mile from Routes 93 and 495, offering excellent commuter convenience. A rare chance to own a versatile property with strong income potential, outdoor space, and a desirable location. Per public record, this is a 6-bedroom two-family; floor plans suggest a layout of 3 bedrooms on the first floor and 4 on the second (7 total). Buyer to verify all information.

2,288
Sq feet
7
Beds
2
Full baths
1850
Built

Location

Street address
16 School St
Zip code
03079
School district
Salem School District
Elevation
145 feet
Coordinates
42.7901, -71.2022

Directions

From I-93, take Exit 3 for NH-111 E toward North Salem. Turn left onto NH-111 E, right onto Range Rd, then continue onto Lake St/School St to the property.

Property details

Acreage
2 acres
Zoning
RES
MLS #
NNEREN 5084584
Posted

Property taxes

2025
$8,346

Parcels

  • 08188-1623-1623

Details and features

Listing

Type
Residential Multi Family
Unit Count
2
Franchise
Keller Williams Realty

Lot

Features
Sidewalks, Sloping, Wooded

Exterior

Parking
Open

Structure

Water
Public
Heating
Baseboard, Oil
Materials
Vinyl Siding, Wood Frame
Roof
Shingle

Interior

Rooms
Basement, Bathroom x 2, Bedroom x 7
Appliances
Electric Water Heater, Oil Water Heater, Separate Water Heater, Water Heater, Water Heater Off Boiler

Nearby schools

NameTypeDistrict
Barron Elementary SchoolElementarySalem School District
Woodbury SchoolMiddleSalem School District
Salem High SchoolHighSalem School District

Listing history

DateEventPriceChangeSource
June 29, 2026New listing$699,000NNEREN
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This 2-acre property is located at 16 School St in Salem, NH 03079. The property is available for sale, priced at $699,000. It has a 2,288 square foot 7-bedroom, 2-bath house built in 1850.

Listed by Keller Williams Realty Evolution, (978) 927-8700

Checked 2 hours agoUpdated Source

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Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Elizabeth Smith
Keller Williams Realty Evolution
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