Sold!
$925,000
5
Beds
3
Baths
3,257
Living Area
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Property Description
Amazing income potential in this solid three family in an ideal Salem location. Newer roof, siding, windows, gas boilers, and hot water tanks. Each of the three units have generous floor plans. 1st and 2nd floor units include 2 beds, living room, den, dining room, kitchen and heated sunroom. 3rd floor offers 1 bed, kitchen, office, living room and heated sunroom. Unit 2 will soon be vacant, units 1 and 3 currently rented with tenants at will. There are two parking areas: 3 car tandem to the left of the building and 2 car paved park in the back of the lot accessed via Jackson Terr. The full basement offers ample storage, utilities and dedicated laundry hook ups for each unit. This is a fantastic opportunity for income producing owner occupied home or investment property. Just add a little buff and reap the full market return for each rented unit.
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Highlights
- Cooling: Window Unit(s)
- Parking Spots: 5
- Property Type: 3 Family - 3 Units Up/Down
- Year Built: 1930
- Heating: Natural Gas
- Property Class: Residential Income
- Total Rooms: 19
- Status: Closed
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Additional Details
- Appliances: Range, Dishwasher, Refrigerator
- Construction: Frame
- Flooring: Vinyl, Carpet, Hardwood
- Interior Features: Bathroom With Tub & Shower, Bathroom with Shower Stall, Living Room, Dining Room, Kitchen, Office/Den, Sunroom
- Road Frontage Type: Public
- Total Number of Units: 3
- Year Built Source: Public Records
- Basement: Full, Interior Entry, Bulkhead
- Fireplaces: 2
- Foundation: Stone
- Lot Features: Level
- Roof: Shingle
- Year Built Details: Actual
- Zoning: R2
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Amenities
- Community Features: Public Transportation, Shopping, Park, Medical Facility, House of Worship, Marina, Private School, Public School, T-Station
- Waterfront Features: Beach Front, Harbor, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
- Parking Features: Off Street
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Utilities
- Electric: Circuit Breakers
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $697,500
- Compensation Based On: Gross/Full Sale Price
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
- Taxes: $8,726
- Buyer Agent Compensation: 2%
- Facilitator Compensation: 1%
- Tax Year: 2023
- Total Rent: $3,500
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Liberty Residential Realty, LLC.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
