4 Chase, Salem MA 01970
About this home
Prime Investment Opportunity in Salem! This meticulously maintained 3-family property has been cared for by the same family for generations. Featuring two (2) 2-Bedroom, 1-Bathroom units and one (1) 3-Bedroom, 1-Bathroom unit, this property offers lucrative investment potential. Eight off street parking spots creates the option for added monthly income. All tenants are responsible for their own heat/hw and electric and rents are well below market value. This property can be sold as a package with 2 Chase st and 199-201 Lafayette st to create a 12 unit portfolio with a total of 12 off street parking spots. See attached for income/expenses and rent projections.
Sale Statistics
This property sold for 5.3% above the original asking price, indicating strong buyer demand.
With only 9 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
4 Chase, Salem MA 01970
Salem, MA 01970
Walkability
Schools
School information not available
Monthly Payment Calculator
Payment Breakdown
Property History
Market Insights
Property Timeline
Sold
May 14, 2024Listed for Sale
Mar 11, 2024| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 05/14/2024 | ✓ Sold | $1,000,000 | - | - | Property sold |
| 03/11/2024 | 🏠 Listed for Sale | $950,000 | - | - | Original listing |