Sold!
$725,000
5
Beds
2/1
Baths
1,912
Living Area
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Property Description
Big Price Adjustment! Priced to Sell! Just steps to Salem's burgeoning waterfront and bustling downtown, this two-family home in an ultra-desirable location is perfect for investors and home owners alike. Close to Downtown Salem, Salem State University, Collins Cove & more, this two family home offers recently updated units, complete with new kitchens and baths. Minutes to Salem's MBTA Commuter Rail Station with easy access to Boston. Property is completely turn key with stainless steel appliances, updated granite counters and cabinets and washers & dryers. Unit 1 is a 2 bedroom and 1 bath. Unit 2 is a two-level, townhouse/loft style unit with 3 bedrooms and 1.5 bath. Property to be delivered vacant but, was bringing in $6,000 a month in rent! Fully insulated through the Mass Save program. Great opportunity! Don't miss out!
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Highlights
- Area: Downtown
- Heating: Forced Air, Electric, Natural Gas
- Parking Spots: 3
- Property Type: Multi Family
- Total Rooms: 10
- Status: Closed
- Cooling: Window Unit(s)
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1850
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Additional Details
- Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
- Construction: Frame
- Flooring: Wood
- Interior Features: Stone/Granite/Solid Counters, High Speed Internet, Upgraded Cabinets, Upgraded Countertops, Walk-In Closet(s), Bathroom with Shower Stall, Open Floorplan, Smart Thermostat, Remodeled, Internet Available - Unknown, Living Room, Kitchen, Laundry Room, Loft, Office/Den
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: R2
- Basement: Walk-Out Access, Interior Entry, Unfinished
- Exterior Features: Rain Gutters, Garden, Stone Wall
- Foundation: Stone
- Lot Features: Level
- Roof: Shingle
- Total Number of Units: 2
- Year Built Source: Appraiser
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Amenities
- Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
- Waterfront Features: Beach Access, Harbor, Ocean, Walk to, 1/10 to 3/10 To Beach, Beach Ownership(Public)
- Parking Features: Paved Drive, Off Street, Tandem, Driveway, Paved
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Utilities
- Electric: Circuit Breakers
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $437,200
- Taxes: $4,958
- Tax Year: 2025
- Total Rent: $6,000
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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 Lamacchia Realty, Inc..
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
