Sold!
$3,250,000
16
Beds
15
Baths
7,420
Living Area
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Property Description
Sited just one block from historic Salem Common and a short distance to downtown and commuter rail is this circa 1820 Brick Federal 12 unit apartment building with adjacent 3 unit carriage house. Newer roof and heating systems as well as repointed brick exterior. Fantastic rental history and huge potential to upgrade cashflow as all tenants are TAW.
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Highlights
- Has View: Yes
- Property Type: 5+ Family - 5+ Units Up/Down
- Year Built: 1820
- Property Class: Residential Income
- Total Rooms: 26
- Status: Closed
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Additional Details
- Basement: Full
- Exterior Features: Rain Gutters
- Flooring: Wood, Tile, Vinyl
- Lot Features: Corner Lot
- Roof: Shingle
- View: City
- Year Built Source: Public Records
- Construction: Brick
- Fireplaces: 2
- Foundation: Concrete Perimeter, Granite
- Road Frontage Type: Public
- Total Number of Units: 15
- Year Built Details: Approximate
- Zoning: R2
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Amenities
- Parking Features: Paved Drive, On Street
- Waterfront Features: Beach Front, Bay, 1/10 to 3/10 To Beach, Beach Ownership(Public)
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Utilities
- Electric: Circuit Breakers, 200+ Amp Service
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $2,382,100
- Compensation Based On: Gross/Full Sale Price
- Tax Year: 2023
- Total Rent: $5,600
- Buyer Agent Compensation: 2%
- Facilitator Compensation: 1%
- Taxes: $29,800
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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 J. Barrett & Company.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
