2 Chase, Salem MA 01970

Salem, MA 01970
$930,000
Est. $4,950/month
6
Beds
3
Baths
2,952
Sq Ft
$315
Price/Sq Ft
0.10
Acres
1915
Year Built
3 Family - 3 Units Up/Down
Type
29
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73210746

About this home

Discover a well-maintained treasure in the heart of Salem, just a stone's throw away from the vibrant downtown scene. This 3-family property boasts spacious 2-bedroom, 1-Bathroom units complete with inviting dining and living areas. Four off street parking spaces gives the potential for added monthly income. Each unit is equipped with separate utilities, ensuring convenience and flexibility for both tenants and landlords alike. Current rents are well below market. This property can be sold with 4 Chase st and 199-201 Lafayette st to create a 12 unit package with 12 off street parking spaces. See attached for detailed income/expenses as well as rent projections.

Sale Statistics

Sale Overview
Original List Price: $950,000
Final Sale Price: $930,000
Difference: $20,000 (-2.1%)
Performance Metrics
97.9%
List to Sale Ratio
Sold below asking price
29
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $322
Sale $/sq ft: $315
This property sold for $315 per square foot
Sale Summary

This property sold for 2.1% below the original asking price.

With only 29 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
3 Family - 3 Units Up/Down
Property Category
Residential Income
Year Built
1915
Bedrooms
6
Full Bathrooms
3
Living Area
2,952 sq ft
Total Rooms
14
Stories
3
Levels
3

Interior Features

Flooring
Wood, Hardwood
Heating
Steam, Natural Gas, Forced Air
Has Heating
Yes
Has Fireplace
No

Exterior & Structure

Roof
Shingle
Foundation
Concrete Perimeter
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.10 acres
Lot Size
4,282 sq ft
Lot Size Area
0.1000
Lot Features
Other

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
4
Parking Features
Off Street

Utilities & Systems

Water Source
Public
Sewer
Public Sewer
Electric
60 Amps/Less

Community & HOA

Community Features
Public Transportation
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$7,650
Tax Year
2023
Tax Assessed Value
$669,600
Parcel Number
2136046
Zoning
R3
Financial Data Source
Owner

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
Buyer to do their own due diligence to verify income and expenses

Location

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Neighborhood

2 Chase, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $638
Homeowners Insurance $200
PMI $0

Property History

Market Insights

2.1%
Price Range
31
Total Days on Market

Property Timeline

Sold
May 22, 2024
$930,000
Property sold
Days on Market: 31
🏠
Listed for Sale
Mar 11, 2024
$950,000
Original listing
Agent: Francesca Little Office: Little & Co., REALTORS®

Price & Status History

Date Event Price Change
Mar 11, 2024 New Listing Added $950,000

Market Statistics

Days on Market
29 days
Price per Sq Ft
$315

Tax History

Year Taxes Assessment
2023 $7,650 $669,600

Financial Details

Annual Property Tax
$7,650
Tax Year 2023
Assessed Value
$669,600

Listing Information

Listing Agent Francesca Little
Listing Office Little & Co., REALTORS®
Agent MLS ID CN234756
Office MLS ID C67600

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