UNIT 1 IS VACANT. UNIT 2 LEASE ENDS MAY 31ST. UNIT 3 TAW, MOVING OUT JULY 31ST. Adding to the rental portfolio? Or maybe looking to get started? Look no further than 3 Hazel Street. Unit 1 and 2 offer flexible configuration and can be used as 1 or 2 bedroom units, each with 1 bathroom. Unit 3 is a charming 1 bed 1 bath unit. Unit 1 has had a recent renovation including new kitchen, refinished floors, and installation of a mini-split system offering heating and cooling. All units have separate electric and gas utilities. Still room for value-add by increasing rents, by doing cosmetic updates, and adding in-building laundry. This 3-family is nicely situated between Salem State University and Downtown, and will be in close proximity to the proposed South Salem Station. Salem and surrounding towns offer great amenities such as beaches, golf courses, restaurants, shops, and nature trails. Great long term hold.
Sale Statistics
Sale Overview
Original List Price:$875,000
Final Sale Price:$820,000
Difference:
$55,000 (-6.3%)
Performance Metrics
93.7%
List to Sale Ratio
Sold below asking price
41
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft:$426
Sale $/sq ft:$399
This property sold for $399 per square foot
Sale Summary
This property sold for 6.3% below the original asking price.
The property spent 41 days on market before selling.
Facts & Features
Property Overview
Property Type
3 Family
Property Category
Residential Income
Year Built
1915
Bedrooms
5
Full Bathrooms
3
Living Area
2,056 sq ft
Total Rooms
14
Stories
3
Levels
3
Interior Features
Flooring
Wood, Vinyl, Carpet
Heating
Ductless, Electric
Has Heating
Yes
Cooling
Ductless
Has Cooling
Yes
Has Fireplace
No
Appliances
Range, Dishwasher, Microwave, Refrigerator
Interior Features
Ceiling Fan(s), Stone/Granite/Solid Counters, Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen
Basement Details
Full
Exterior & Structure
Roof
Slate
Foundation
Stone
Exterior Features
Balcony/Deck, Balcony, Rain Gutters
Patio/Porch Features
Porch, Deck - Wood
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.04 acres
Lot Size
1,673 sq ft
Lot Size Area
0.0400
Lot Features
Easements
Road Surface Type
Paved
Road Frontage Type
Public
Parking & Garage
Has Garage
No
Utilities & Systems
Utilities Available
for Gas Range
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers, Individually Metered
Community & HOA
Community Features
Public Transportation, Walk/Jog Trails, Laundromat, T-Station, University
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$7,326
Tax Year
2024
Tax Assessed Value
$630,500
Parcel Number
M:33 L:0291,2134848
Zoning
R2
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
Unit 2 has had lead paint work done. Unknown in Unit 1 and 3. See attachments. Some "weeping" in field stone foundation by stairs when it rains.1 Hazel has driveway easement, left side of 3 Hazel Street building. Real Estate agent has ownership interest.
Exclusions
Tenants Belongings.
Location
Loading map...
Neighborhood
3 Hazel St, Salem MA 01970
Salem, MA 01970
Walkability
Loading Walk Score...
Schools
School information not available
Monthly Payment Calculator
%
%
Estimated Monthly Payment$0
Payment Breakdown
Principal & Interest$0
Property Tax$611
Homeowners Insurance$200
PMI$0
Property History
Market Insights
3.5%
Price Range
42
Total Days on Market
Property Timeline
✓
Sold
Jun 5, 2025
$820,000
Property sold
Days on Market: 42
🏠
Listed for Sale
Apr 1, 2025
$849,900
Original listing
Agent: Jonathan McCarronOffice: William Raveis R.E. & Home Services
