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$925,000
Est. payment /mo
9 Beds
4 Baths
4,420 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,420 sqft
Price per Sqft $209
MLS Listing ID 73594996
Bedrooms 9
Full Baths 4
Year Built 1890
Annual Tax Amount $7,797
Tax Year 2025
Lot Size 2,613 Sqft
Acres 0.06
Property Sub-Type 3 Family
Property Description
Fantastic opportunity to own a well-maintained, income producing three-family property in desirable Salem! The Property features spacious units and a versatile layout making it ideal for both owner-occupants and investors looking to generate rental income. The first floor offers four (4) bedrooms spanning two levels while the second floor offers three (3) large bedrooms and two (2) full bathrooms. The vacant third-floor unit features two (2) bedrooms, providing the perfect opportunity for an owner-occupant or an investor looking to secure an additional rental stream. The two occupied units currently generate $7,000 in gross monthly rental income including coin op laundry. Heat and hot water are included in the rents. Four off-street parking spaces add even more convenience and value. With generous living spaces, strong existing rental income, and a vacant unit ready for its next chapter, this is an excellent opportunity to invest in Salem's multifamily market.
Location
State MA
County Essex
Zoning R1
Direction Please use GPS
Rooms
Basement Full, Finished
Interior
Heating Natural Gas
Exterior
Community Features Public Transportation, Park, Medical Facility, Highway Access, Public School, T-Station
Roof Type Shingle
Total Parking Spaces 4
Garage No
Building
Lot Description Other
Story 4
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
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Listed by Little & Co., REALTORS®
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