Amazing income potential in this solid three family in an ideal Salem location. Newer roof, siding, windows, gas boilers, and hot water tanks. Each of the three units have generous floor plans. 1st and 2nd floor units include 2 beds, living room, den, dining room, kitchen and heated sunroom. 3rd floor offers 1 bed, kitchen, office, living room and heated sunroom. Unit 2 will soon be vacant, units 1 and 3 currently rented with tenants at will. There are two parking areas: 3 car tandem to the left of the building and 2 car paved park in the back of the lot accessed via Jackson Terr. The full basement offers ample storage, utilities and dedicated laundry hook ups for each unit. This is a fantastic opportunity for income producing owner occupied home or investment property. Just add a little buff and reap the full market return for each rented unit.
Sale Statistics
Sale Overview
Original List Price:$875,000
Final Sale Price:$925,000
Difference:
+$50,000 (+5.7%)
Performance Metrics
105.7%
List to Sale Ratio
Sold above asking price
3
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft:$269
Sale $/sq ft:$284
This property sold for $284 per square foot
Sale Summary
This property sold for 5.7% above the original asking price, indicating strong buyer demand.
With only 3 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
1930
Bedrooms
5
Full Bathrooms
3
Living Area
3,257 sq ft
Total Rooms
19
Stories
3
Levels
3
Interior Features
Flooring
Vinyl, Carpet, Hardwood
Heating
Natural Gas
Has Heating
Yes
Cooling
Window Unit(s)
Has Cooling
Yes
Fireplace Features
Wood Burning
Has Fireplace
Yes
Number of Fireplaces
2
Appliances
Range, Dishwasher, Refrigerator
Interior Features
Bathroom With Tub & Shower, Bathroom with Shower Stall, Living Room, Dining Room, Kitchen, Office/Den, Sunroom
Laundry Features
Electric Dryer Hookup, Washer Hookup
Basement Details
Full, Interior Entry, Bulkhead
Window Features
Insulated Windows
Exterior & Structure
Construction Materials
Frame
Roof
Shingle
Foundation
Stone
Has Spa
No
Waterfront Features
Harbor, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
Waterfront Property
No
Lot & Land
Lot Size
0.11 acres
Lot Size
4,774 sq ft
Lot Size Area
0.1100
Lot Features
Level
Road Frontage Type
Public
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
5
Parking Features
Off Street
Utilities & Systems
Utilities Available
for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers
Community & HOA
Community Features
Public Transportation, Shopping, Park, Medical Facility, House of Worship, Marina, Private School, Public School, T-Station
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$8,726
Tax Year
2023
Tax Assessed Value
$697,500
Parcel Number
2131519
Zoning
R2
Financial Data Source
Not Available
Additional Details
Year Built Source
Public Records
Year Built Details
Actual
Disclosures
Rents are well below market as they include family and extremely long term tenants.
Listing Terms
Contract
Location
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Neighborhood
11 Dalton Pkwy, 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$727
Homeowners Insurance$200
PMI$0
Property History
Market Insights
5.4%
Price Range
4
Total Days on Market
Property Timeline
✓
Sold
Nov 21, 2023
$925,000
Property sold
Days on Market: 4
🏠
Listed for Sale
Oct 10, 2023
$875,000
Original listing
Agent: Sheri Ayers TrocchiOffice: J. Barrett & Company
