23 Arbella St, Salem MA 01970

Salem, MA 01970
$1,195,000
Est. $6,360/month
9
Beds
4.5
Baths
3,782
Sq Ft
$316
Price/Sq Ft
0.12
Acres
1880
Year Built
3 Family
Type
10
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73287949

About this home

Incredible investment opportunity in the most desired area of Salem. This large three family home has 2 two bedroom units with 1 bathroom each and one 5 bedroom unit with 2.5 bathrooms and laundry in unit. Units 1 and 2 are made up of mostly hardwood floors with some vinyl. Unit 3 also has a combination of hardwood and vinyl as well as some carpet throughout. Unit 2 which will be delivered vacant has recently been updated with stainless steel appliances, granite countertops and additional upgrades in the bathroom. Units 1 and 3 have exclusive deck space and all three units have off street parking. All utilities and systems are separated. With collins cove and park located at the end of the street, the Salem Common around the corner and commuter rail close by, this is an unbeatable property perfect for either an owner occupant or an investor looking to add to their portfolio. Join us for the open houses Thursday 9/12 from 5-7, Saturday 12-2 or Sunday 12-2pm.

Sale Statistics

Sale Overview
Original List Price: $1,179,000
Final Sale Price: $1,195,000
Difference: +$16,000 (+1.4%)
Performance Metrics
101.4%
List to Sale Ratio
Sold above asking price
10
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $312
Sale $/sq ft: $316
This property sold for $316 per square foot
Sale Summary

This property sold for 1.4% above the original asking price, indicating strong buyer demand.

With only 10 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
3 Family
Property Category
Residential Income
Year Built
1880
Bedrooms
9
Full Bathrooms
4
Half Bathrooms
1
Living Area
3,782 sq ft
Total Rooms
18
Stories
6
Levels
6

Interior Features

Flooring
Vinyl, Carpet, Hardwood
Has Fireplace
No
Basement Details
Full, Unfinished

Exterior & Structure

Construction Materials
Frame
Roof
Shingle
Foundation
Stone
Exterior Features
Professional Landscaping
Patio/Porch Features
Deck
Has Spa
No
Waterfront Features
Ocean, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
Waterfront Property
No

Lot & Land

Lot Size
0.12 acres
Lot Size
5,401 sq ft
Lot Size Area
0.1200
Lot Features
Level
Road Frontage Type
Public

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
7
Parking Features
Paved Drive, Off Street

Utilities & Systems

Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers

Community & HOA

Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, House of Worship, Public School, T-Station, University
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$8,896
Tax Year
2024
Tax Assessed Value
$765,600
Parcel Number
M:36 L:0394,2137535
Zoning
R2

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Disclosures
Buyers and buyer agents to perform their own due diligence. Home is being Sold "AS IS"

Location

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Neighborhood

23 Arbella St, 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 $741
Homeowners Insurance $200
PMI $0

Property History

Market Insights

1.3%
Price Range
13
Total Days on Market

Property Timeline

Sold
Oct 11, 2024
$1,195,000
Property sold
Days on Market: 13
🏠
Listed for Sale
Sep 10, 2024
$1,179,000
Original listing
Agent: Farrar Realty Group Office: Atlantic Coast Homes,Inc

Price & Status History

Date Event Price Change
Sep 10, 2024 New Listing Added $1,179,000

Market Statistics

Days on Market
10 days
Price per Sq Ft
$316

Tax History

Year Taxes Assessment
2024 $8,896 $765,600

Financial Details

Annual Property Tax
$8,896
Tax Year 2024
Assessed Value
$765,600

Listing Information

Listing Agent Farrar Realty Group
Listing Office Atlantic Coast Homes,Inc
Agent MLS ID TM333642
Office MLS ID AC1991

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