Fabulous investment opportunity in the heart of Salem offers a unique blend of urban living renowned for its maritime history and vibrant cultural scene. This property features three spacious, separate units, blown-in insulation, many replaced windows, a new heating system & hot water holding tank, new electrical panels, a two-car garage, and lots of parking in a newly replaced and sealed driveway, Whether you are looking to expand your investment portfolio or live in one unit while renting out the others, this spacious multi-family property offers an incredible investment potential and a comfortable living space. Shown by appointment. Additional photos are forthcoming.
Sale Statistics
Sale Overview
Original List Price:$899,000
Final Sale Price:$920,000
Difference:
+$21,000 (+2.3%)
Performance Metrics
102.3%
List to Sale Ratio
Sold above asking price
9
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:$285
Sale $/sq ft:$292
This property sold for $292 per square foot
Sale Summary
This property sold for 2.3% 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
Property Type
3 Family
Property Category
Residential Income
Year Built
1915
Bedrooms
7
Full Bathrooms
4
Living Area
3,155 sq ft
Total Rooms
18
Stories
3
Levels
3
Interior Features
Flooring
Laminate, Carpet, Hardwood
Heating
Hot Water
Has Heating
Yes
Has Fireplace
No
Appliances
Range, Dishwasher, Refrigerator, Washer, Dryer
Interior Features
Pantry, Bathroom With Tub, Storage, Bathroom with Shower Stall, Living Room, Kitchen, Laundry Room, Sunroom
Laundry Features
Washer & Dryer Hookup, Electric Dryer Hookup, Washer Hookup
Basement Details
Full, Walk-Out Access, Interior Entry, Unfinished
Window Features
Insulated Windows
Exterior & Structure
Construction Materials
Frame
Roof
Slate
Foundation
Stone
Exterior Features
Balcony/Deck
Patio/Porch Features
Porch
Has Spa
No
Waterfront Features
Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
Waterfront Property
No
Lot & Land
Lot Size
0.12 acres
Lot Size
5,096 sq ft
Lot Size Area
0.1200
Lot Features
Level
Road Frontage Type
Public
Parking & Garage
Garage Spaces
2
Has Garage
Yes
Total Non-Garage Parking Spaces
4
Parking Features
Paved Drive, Off Street, Driveway, Paved
Covered Parking Spaces
2
Utilities & Systems
Utilities Available
for Gas Range, for Electric Range, for Electric Dryer, Washer Hookup
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers
Community & HOA
Community Features
Public Transportation, Shopping, Medical Facility, Laundromat, House of Worship, Private School, Public School, University
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$7,543
Tax Year
2024
Tax Assessed Value
$649,100
Parcel Number
2135852
Zoning
R3
Financial Data Source
Owner
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
rents are significantly under market. Some photos have been digitally altered to remove items
