19-21 Pleasant Street, Salem MA 01970
About this home
Rare investment opportunity located at 19-21 Pleasant Street in the Salem Commons District. This 3-story residential building boosts rentable square footage of 5,675 and a total gross square footage of 8,104. 19-21 Pleasant Street presents a nice unit mix of two (2) large one-bedrooms, one (1) two-bedroom, one (1) two-bedroom plus office, and one (1) three-bedroom plus office townhome style. The property features newer gas boiler and hot water tank, updates for electrical with new panels, updated plumbing, apartment renovations (2022/23) to units 19-1 and 19-2, hardwood floors, eat-in kitchens, balconies for each unit, roof (2016/17), coin-op laundry facilities located in the basement. New parking lot (2023) was created behind the property with a total of 10 parking which is rare to find in this location. Rents are below market rates with limited availability around the Salem Commons. Great opportunity to hold as a long term and many different exit strategies due to location.
Sale Statistics
This property sold for 3.2% 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
Interior Features
Exterior & Structure
Lot & Land
Parking & Garage
Utilities & Systems
Community & HOA
Financial & Tax Information
Additional Details
Location
Neighborhood
19-21 Pleasant Street, Salem MA 01970
Salem, MA 01970
Walkability
Schools
School information not available
Monthly Payment Calculator
Payment Breakdown
Property History
Market Insights
Property Timeline
Sold
Dec 20, 2023Listed for Sale
Nov 13, 2023| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 12/20/2023 | ✓ Sold | $1,600,000 | - | - | Property sold |
| 11/13/2023 | 🏠 Listed for Sale | $1,550,000 | - | - | Original listing |