$1,085,000
8
Beds
3
Baths
4,250
Living Area
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Property Description
Don’t miss this outstanding opportunity to own a spacious 3-family property in vibrant Salem, just a short distance from the commuter rail at Salem Station. Offering approximately 4,250 square feet of living space across three levels, the building features a total of 8 bedrooms and 3 bathrooms—an ideal setup for maximizing rental income or creating an owner-occupied investment. Each unit offers generous floor plans with flexible living arrangements, while the property includes three off-street parking spaces conveniently located behind the building. With one unit currently vacant, new owners have the flexibility to set market rents, occupy a unit themselves, or customize it to their vision. Perfectly positioned close to downtown shops, restaurants, museums, and all that historic Salem has to offer, this is a rare chance to acquire a substantial multi-family asset in a high-demand rental market. A must-see for investors and owner-occupants alike.
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Highlights
- Heating: Forced Air
- Parking Spots: 3
- Property Type: 3 Family
- Total Rooms: 15
- Status: Active
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1900
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Additional Details
- Basement: Full, Interior Entry, Concrete
- Fireplaces: 2
- Foundation: Granite
- Road Frontage Type: Public
- Total Number of Units: 3
- Year Built Source: Public Records
- Exterior Features: Balcony/Deck
- Flooring: Wood, Tile
- Interior Features: Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen, Office/Den
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: R2
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Amenities
- Parking Features: Paved Drive, Shared Driveway
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Utilities
- Electric: Circuit Breakers, Individually Metered
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $860,900
- Taxes: $9,763
- Tax Year: 2025
- Total Rent: $4,950
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Listing information provided courtesy of Herrick Lutts Realty Partners.
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