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3 Chase St, Salem MA 01970

Salem, MA 01970
$699,000
Est. $4,337/month
5
Beds
2
Baths
3,378
Sq Ft
$207
Price/Sq Ft
0.06
Acres
1915
Year Built
2 Family - 2 Units Up/Down
Type
25
Days on Market
Active Listed Jan 30, 2026 • MLS# 73473055 Copied!

About this home

Presenting 3 Chase St, a three story multifamily residence ideally located in Salem. Built in 1915, this property offers a strong opportunity for investors, developers, or owner-occupants seeking long term value. The first floor unit features a living room with fireplace, dining room, two bedrooms, and one bath, while the second floor unit offers three bedrooms, one bath, and access to a walk up unfinished attic. Additional highlights include parking for three vehicles, oil heat with gas available for cooking, three separate electrical panels, roof and siding replaced approximately 11 years ago, a boiler installed in 2015, and a hot water heater replaced in 2021, making this a rare chance to reimagine and enhance a well located multifamily property.

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Property Overview

Property Type
2 Family - 2 Units Up/Down
Listing Type
For Sale
Year Built
1915
Bedrooms
5
Full Bathrooms
2
Living Area
3,378 sq ft
Total Rooms
10
Stories
3
Levels
3

Facts & Features

Home Facts

Type Residential Income
Style 2 Family - 2 Units Up/Down
Year Built 1915
Living Area 3,378 sq ft
Lot Size 0.06 acres
Bedrooms 5
Full Baths 2
Total Rooms 10

Interior

Heating Baseboard, Oil
Cooling None
Flooring Wood
Appliances Range, Refrigerator, Washer, Dryer
Fireplace Wood Burning
Fireplaces 2
Basement Full, Walk-out Access, Unfinished
Laundry None
Features Bathroom With Tub & Shower, Walk-up Attic, Living Room, Dining Room, Kitchen

Exterior

Construction None
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Paved Drive, Off Street, Tandem
Total Spaces 3

Utilities

Electric Circuit Breakers, Knob & Tube Wiring
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $7,224
Assessed Value $637,000

Interior Features

Flooring: Wood
Appliances: Range, Refrigerator, Washer, Dryer
Interior Features: Bathroom With Tub & Shower, Walk-Up Attic, Living Room, Dining Room, Kitchen
Windows:
Basement: Full, Walk-Out Access, Unfinished
Laundry:
Security:

Construction & Materials

Year Built: 1915
Structure Type:
Exterior Materials:
Roof: Shingle
Foundation: Concrete Perimeter
Stories: 3

Heating, Cooling & Utilities

Heating: Baseboard, Oil
Cooling:
Hot Water: Oil
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 3
Parking Features: Paved Drive, Off Street, Tandem

Special Features

Fireplaces: 2
Fireplace Type: Wood Burning
Community Amenities:

Location

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Neighborhood

3 Chase St, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

School District
Salem School District local
B-
⚠ School Safety 2024-25
3.6% Above Average
2.3% Suspensions 0.8% In-School 1.3% Emergency
↓ 1.9% below state avg
E

Elementary Schools

3 schools
B-
Saltonstall School
< 0.1 mi | #460 of 824 | Score: 45.8
Improved 108 spots from last year
-12.4 below state avg
412 students Diverse
Rising School
Grades K-05
C-
Horace Mann Laboratory School
1.0 mi | #671 of 824 | Score: 37.4
Improved 50 spots from last year
-20.8 below state avg
293 students Diverse
Rising School Diverse Student Body
Grades PK-05
The Phoenix School
1.0 mi
Grades PK-08
M

Middle Schools

3 schools
C+
Collins Middle School
0.7 mi | #219 of 352 | Score: 39.5
Improved 60 spots from last year
-18.7 below state avg
611 students Diverse
Rising School Diverse Student Body
Grades 06-08
B+
Village School
1.5 mi | #253 of 824 | Score: 52.3
Dropped 64 spots from last year
-5.9 below state avg
529 students Moderate
Grades 04-06
A-
Marblehead Veterans Middle School
1.9 mi | #83 of 352 | Score: 51.5
Dropped 30 spots from last year
-6.7 below state avg
411 students Less Diverse
Grades 07-08
H

High Schools

3 schools
B+
Salem Academy Charter School
0.3 mi | #139 of 346 | Score: 56.7
Improved 97 spots from last year
-1.5 below state avg
480 students Diverse
10 sports • 568 athletes
High Graduation Rate Rising School College Ready Curriculum
Grades 06-12
B
Salem High School
1.1 mi | #144 of 346 | Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 students Diverse
18 sports • 1,080 athletes
Early College Program Career Tech Programs College Ready Curriculum Strong Athletics
Grades 09-12
A-
Marblehead High School
1.9 mi | #80 of 346 | Score: 62.1
Dropped 37 spots from last year
+3.9 above state avg
861 students Less Diverse
20 sports • 2,426 athletes
Strong AP Program High Graduation Rate Career Tech Programs College Ready Curriculum
Grades 09-12
Learn about these ratings
School data provided by BMN Schools

Monthly Payment Calculator

Monthly Payment
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After down payment
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $602
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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Current Rate
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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

Property Timeline

👁️
Showing Instructions Updated
Feb 20, 2026
New showing requirements
📋
Status: Active
Feb 20, 2026
Active Under Contract → Active
📋
Status: Active under contract
Feb 12, 2026
Active → Active Under Contract
🏠
Listed for Sale
Jan 30, 2026
$699,000
Original listing
Agent: Rich Granata Office: The Granata Group

Price & Status History

Date Event Price Change
Feb 20, 2026 Status: Active $0 —
Feb 12, 2026 Status: Active under contract $0 —
Jan 30, 2026 New Listing Added $699,000 —

Market Statistics

Days on Market
25 days
Price per Sq Ft
$207

Tax History

Year Taxes Assessment
2025 $7,224 $637,000

Financial Details

Annual Property Tax
$7,224
Tax Year 2025
Assessed Value
$637,000

Listing Information

Listing Agent Rich Granata
Listing Office The Granata Group
Agent MLS ID CN229394
Office MLS ID AN9127
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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3 Chase St, Salem MA 01970 - Photo 1 3 Chase St, Salem MA 01970 - Photo 2 3 Chase St, Salem MA 01970 - Photo 3 3 Chase St, Salem MA 01970 - Photo 4 3 Chase St, Salem MA 01970 - Photo 5 3 Chase St, Salem MA 01970 - Photo 6
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