Don't miss out on this updated multi-family property! This is a large three story multi-family residence located in Salem with close proximity to downtown. Built in 1915, this house is a great opportunity for owner-occupants looking for a move in ready long term investment. Both units have new electrical systems with permits inspected and complete. New and refinished floors, and cosmetic updates throughout. The first floor unit features a living room with fireplace, dining room, kitchen, two bedrooms and one full bath. Plenty of potential and space to add a bedroom. Second floor unit offer three bedrooms, kitchen, and once full bath, as well as access to a walk up unfinished walk up with high ceilings. Additional highlights include parking for 3-4 vehicles, three separate electrical panels all new in 2026, roof and siding replaced approx 11 years ago, boiler installed in 2015, and a hot water heater installed in 2021. This is a rare and special property ready for move in.
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| Year | Land | Building | Total | Change |
|---|---|---|---|---|
| FY2026 | $173,900 | $463,100 | $637,000 | — |
| Date | Price | Book/Page |
|---|---|---|
| Jan 1, 1970 | $26,000 | 5742/714 |
No building permits on record since 2023.
Discrepancies found between MLS and assessor records.
| Field | Assessor | MLS | Match |
|---|---|---|---|
| Sqft | 5,492 | 3,378 | ✗ |
| Year built | 1,915 | 1,915 | ✓ |
3 Chase Street, Salem MA 01970
Salem, MA 01970
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 06/17/2026 | 🏠 Listed for Sale | $824,999 | - | - | Original listing |
| 03/23/2026 | 🏷️ Previously Sold | $650,000 | - | - | MLS #73473055 |
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