Sold!
$745,000
5
Beds
4
Baths
2,965
Living Area
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Property Description
Great investment opportunity on Salem Neck with water views of Beverly harbor. Legal two family on an oversized lot with abundant parking and great outdoor space. Good tenants who would prefer to stay. You'd be hard pressed to find a better multi family with easy access to both Salem and Beverly. Good sized rooms with ample storage and great light. No need to do any work....just purchase and sit back. Current revenue is $5,900 per month.
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Highlights
- Parking Spots: 6
- Property Type: Multi Family
- Year Built: 1880
- Property Class: Residential Income
- Total Rooms: 12
- Status: Closed
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Additional Details
- Basement: Full
- Exterior Features: Porch
- Lot Features: Corner Lot
- Roof: Shingle
- Year Built Details: Approximate
- Zoning: R2
- Construction: Frame
- Foundation: Block
- Road Frontage Type: Public
- Total Number of Units: 2
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails
- Waterfront Features: Beach Front, Bay, Harbor, Ocean, 1 to 2 Mile To Beach
- 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: $571,200
- Compensation Based On: Net Sale Price
- Tax Year: 2023
- Total Rent: $5,900
- Buyer Agent Compensation: 2%
- Facilitator Compensation: 2%
- Taxes: $7,152
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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 Coldwell Banker Realty - Beverly.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
