1 Japonica Ave, Salem MA 01970
Salem, MA 01970
$1,050,000
Est. $5,589/month
About this home
We are pleased to present this multifamily offering which consists of 3 large units, ample on-site parking, and two garages currently used as parking and storage. The property has been very well maintained but offers investors and end-users future value through cosmetic improvements and activating additional income opportunities. The property is ideally located in a quiet residential neighborhood and is less than a 4-minute drive to downtown and the commuter line MBTA.
Sale Statistics
Sale Overview
Original List Price:
$1,075,000
Final Sale Price:
$1,050,000
Difference:
$25,000 (-2.3%)
Performance Metrics
97.7%
List to Sale Ratio
Sold below asking price
47
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft:
$198
Sale $/sq ft:
$194
This property sold for $194 per square foot
Sale Summary
This property sold for 2.3% below the original asking price.
The property spent 47 days on market before selling.
Facts & Features
Property Overview
Property Type
3 Family - 3 Units Up/Down
Property Category
Residential Income
Year Built
1915
Bedrooms
8
Full Bathrooms
3
Half Bathrooms
1
Living Area
5,418 sq ft
Total Rooms
17
Stories
3
Levels
3
Interior Features
Has Fireplace
No
Appliances
Refrigerator
Interior Features
Living Room, Kitchen
Exterior & Structure
Foundation
Other
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.27 acres
Lot Size
11,935 sq ft
Lot Size Area
0.2700
Lot Features
Other
Parking & Garage
Garage Spaces
2
Has Garage
Yes
Total Non-Garage Parking Spaces
10
Covered Parking Spaces
2
Utilities & Systems
Water Source
Public
Sewer
Public Sewer
Community & HOA
Community Features
Public Transportation
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$11,551
Tax Year
2025
Tax Assessed Value
$1,018,600
Parcel Number
2132294
Zoning
R1
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate
Listing Terms
Other (See Remarks)
Location
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Neighborhood
1 Japonica Ave, 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
$963
Homeowners Insurance
$200
PMI
$0
Property History
Market Insights
2.3%
Price Range
49
Total Days on Market
Property Timeline
Sold
Jun 17, 2025
$1,050,000
Property sold
Days on Market: 49
Listed for Sale
Apr 9, 2025
$1,075,000
Original listing
Agent: Kevin Benzinger
Office: Boston Realty Advisors
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 06/17/2025 | ✓ Sold | $1,050,000 | - | - | Property sold |
| 04/09/2025 | 🏠 Listed for Sale | $1,075,000 | - | - | Original listing |