11 Hancock St, Salem MA 01970

Salem, MA 01970
$1,197,000
Est. $6,371/month
4
Beds
4
Baths
2,974
Sq Ft
$402
Price/Sq Ft
0.09
Acres
1917
Year Built
4 Family
Type
73
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73294342

About this home

This well-maintained four-family property consists of four 1-bedroom units, perfectly situated near Salem's commuter rail and Salem State University. Each unit features hardwood floors and abundant natural light. The property includes on-site laundry and off-street parking, rare amenities in this sought-after area.Located just minutes from Salem’s historic downtown, with its rich culture, dining, and entertainment options. With stable rental income and significant potential for growth, this property is an investor's dream. The proximity to major transportation and educational hubs ensures consistent demand year-round. Don't miss your chance to own this exceptional investment in one of Salem’s most desirable locations.

Sale Statistics

Sale Overview
Original List Price: $1,199,900
Final Sale Price: $1,197,000
Difference: $2,900 (-0.2%)
Performance Metrics
99.8%
List to Sale Ratio
Sold below asking price
73
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $403
Sale $/sq ft: $402
This property sold for $402 per square foot
Sale Summary

This property sold for 0.2% below the original asking price.

The property spent 73 days on market before selling.

Facts & Features

Property Overview

Property Type
4 Family
Property Category
Residential Income
Year Built
1917
Bedrooms
4
Full Bathrooms
4
Living Area
2,974 sq ft
Total Rooms
16
Stories
3
Levels
3

Interior Features

Heating
Natural Gas
Has Heating
Yes
Cooling
Window Unit(s)
Has Cooling
Yes
Has Fireplace
No
Interior Features
Living Room, Kitchen
Basement Details
Full, Interior Entry

Exterior & Structure

Construction Materials
Frame
Roof
Slate
Foundation
Stone
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.09 acres
Lot Size
3,707 sq ft
Lot Size Area
0.0900
Lot Features
Corner Lot
Road Frontage Type
Public

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
5
Parking Features
Assigned

Utilities & Systems

Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers, 200+ Amp Service, Individually Metered

Community & HOA

Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$9,167
Tax Year
2024
Tax Assessed Value
$788,900
Parcel Number
M:33 L:0265,2134819
Zoning
R2

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate

Location

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Neighborhood

11 Hancock 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 $764
Homeowners Insurance $200
PMI $0

Property History

Market Insights

1.8%
Price Range
76
Total Days on Market

Property Timeline

Sold
Jan 22, 2025
$1,197,000
Property sold
Days on Market: 76
🏠
Listed for Sale
Sep 25, 2024
$1,175,000
Original listing
Agent: Herrick Lutts Realty Partners Office: Herrick Lutts Realty Partners

Price & Status History

Date Event Price Change
Sep 25, 2024 New Listing Added $1,175,000

Market Statistics

Days on Market
73 days
Price per Sq Ft
$402

Tax History

Year Taxes Assessment
2024 $9,167 $788,900

Financial Details

Annual Property Tax
$9,167
Tax Year 2024
Assessed Value
$788,900

Listing Information

Listing Agent Herrick Lutts Realty Partners
Listing Office Herrick Lutts Realty Partners
Agent MLS ID TM312527
Office MLS ID AN6507

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