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19 Nichols, Salem MA 01970

Salem, MA 01970
$925,000
Est. $5,527/month
Estimate assumptions

20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.

Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.

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9
Beds
4
Baths
4,420
Sq Ft
$209
Price/Sq Ft
0.06
Acres
1890
Year Built
4
Parking
3 Family
Type
New today
Time on Market
For Sale Listed Oct 26, 2026 • MLS# 73594996 Copied! • Updated Oct 26, 2026

Track this home for price, status, and open-house alerts.

About this home

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. 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 just under $7,000 in gross monthly rental income. 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.

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Recently Sold Nearby

Price & Status History

Property Timeline

🏠
Listed for Sale
Oct 26, 2026
$925,000
Original listing
Agent: Francesca Little Office: Little & Co., REALTORS®

Tax History

Year Taxes Assessment
2025 $7,797 $717,200

Financial Details

Annual Property Tax
$7,797
Tax Year 2025
Assessed Value
$717,200

Facts & Features

Home Facts

Type Residential Income
Style 3 Family
Year Built 1890
Living Area 4,420 sq ft
Lot Size 0.06 acres
Stories 4
Bedrooms 9
Full Baths 4
Total Rooms 14

Investment Metrics

Units 3
Unit 1 Rent $3,775/mo · Y
Unit 2 Rent $3,200/mo · Y
Total Monthly Rent $6,975/mo
Gross Income $112,500
Net Operating Income $89,462
Operating Expenses $23,038
Water/Sewer Expense $1,719
Electric Expense $1,169
Insurance Expense $3,196
Cap Rate 9.67%
Heating Natural Gas
Cooling None
Flooring None
Appliances None
Fireplace None
Basement Full, Finished
Laundry None
Features None
Construction None
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features Off Street
Total Spaces 4
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $7,797
Assessed Value $717,200
Fee Includes None
Amenities None
Optional Fee Includes None
Lead Paint None
Seller Disclosures All Information Is Believed To Be True. Buyers To Do Their Own Due Diligence. Pro Forma Rent Of $2400 For The Vacant Unit Is Included In The Gross Rental Income.
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Documents None
County Essex

Property Overview

Property Type
3 Family
Listing Type
For Sale
Year Built
1890
Bedrooms
9
Full Bathrooms
4
Living Area
4,420 sq ft
Total Rooms
14
Stories
4
Levels
4

Floor Layout

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement: Full, Finished
Laundry:
Security:

Construction & Materials

Year Built: 1890
Structure Type:
Exterior Materials:
Roof: Shingle
Foundation: Stone
Stories: 4

Utilities & Systems

Heating: Natural Gas
Cooling:
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Other
Road Surface:

Parking & Garage

Total Parking Spaces: 4
Parking Features: Off Street
School District
Salem School District local
B-
⚠ School Safety 2024-25
3.6% Above Average
2.3% Suspensions 0.8% In-School 1.3% Emergency
↓ 1.9% below state avg
E

Elementary Schools

9 schools
The Phoenix School
0.2 mi
Grades PK-08
The Greenhouse School
1.8 mi
Grades PK-08
B
Witchcraft Heights School
0.4 mi | #339 of 825 | Score: 49.4
Improved 211 spots from last year
-8.8 below state avg
465 students Diverse
Rising School Diverse Student Body
Grades K-05
C
Horace Mann Laboratory School
0.9 mi | #653 of 825 | Score: 38.1
Improved 68 spots from last year
-20.1 below state avg
320 students Diverse
Rising School Diverse Student Body
Grades PK-05
C+
Saltonstall School
1.2 mi | #526 of 825 | Score: 43.9
Improved 42 spots from last year
-14.3 below state avg
267 students Diverse
Rising School Diverse Student Body Strong Attendance
Grades K-05
B+
Bates School
1.2 mi | #318 of 825 | Score: 50.0
Improved 261 spots from last year
-8.2 below state avg
415 students Diverse
Rising School Diverse Student Body
Grades PK-05
B-
Carlton School
1.5 mi | #470 of 825 | Score: 45.5
Dropped 49 spots from last year
-12.7 below state avg
249 students Diverse
Diverse Student Body
Grades K-05
C+
Bentley Academy Innovation School
1.8 mi | #532 of 825 | Score: 43.7
Improved 179 spots from last year
-14.5 below state avg
277 students Moderate
Rising School
Grades PK-05
Salem Early Childhood School
1.8 mi
107 students Diverse
Diverse Student Body
Grades PK
M

Middle Schools

1 school
B-
Collins Middle School
0.5 mi | #203 of 352 | Score: 40.3
Improved 76 spots from last year
-17.9 below state avg
753 students Diverse
Rising School Diverse Student Body
Grades 06-08
H

High Schools

2 schools
B+
Salem Academy Charter School
1.4 mi | #141 of 346 | Score: 57.0
Improved 95 spots from last year
-1.2 below state avg
477 students Diverse
10 sports • 568 athletes
High Graduation Rate Rising School College Ready Curriculum
Grades 06-12
B+
Salem High School
0.9 mi | #124 of 346 | Score: 58.3
Dropped 4 spots from last year
+0.1 above state avg
960 students Diverse
18 sports • 1,080 athletes
Early College Program Career Tech Programs College Ready Curriculum Strong Athletics
Grades 09-12
Learn about these ratings
School data provided by BMN Schools

Monthly Payment Calculator

Monthly Payment
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Loan Amount
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Including down payment
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $650
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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Current Rate
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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

19 Nichols, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Francesca Little
Listing Office Little & Co., REALTORS®
Office Phone 978-745-4447
Agent MLS ID CN234756
Office MLS ID C67600
Listing Data Updated Oct 26, 2026 9:18 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

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(617) 955-2224 contact@bmnboston.com
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