Sold!
$1,700,000
10
Beds
6
Baths
6,140
Living Area
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Property Description
Incredible Investment Opportunity: Discover the perfect blend of style and profitability with this remarkable multi-family property on the sought-after Lafayette St in Salem. Featuring a mix of two (2) 1-Bedroom/1-Bathroom units and four (4) 2-Bedroom/1-Bathroom units, this gem boasts stunning hardwood floors throughout and private decks for each unit. Take advantage of the potential for a lucrative portfolio by combining this property with the adjacent 2 (MLS#73210746) and 4 Chase St (MLS#73210747) which would offer 6 parking spaces for this building. Seller pays for heat and hot water and rents are well below market. See attached OM for detailed income/expenses including pro forma numbers.
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Highlights
- Heating: Hot Water
- Property Type: 5-9 Family
- Year Built: 1915
- Property Class: Residential Income
- Total Rooms: 18
- Status: Closed
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Additional Details
- Construction: Brick
- Foundation: Stone
- Lot Features: Other
- Total Number of Units: 6
- Year Built Source: Public Records
- Flooring: Wood
- Interior Features: Laundry Room
- Roof: Rubber
- Year Built Details: Approximate
- Zoning: R3
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Amenities
- Community Features: Public Transportation
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Utilities
- Electric: 60 Amps/Less
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,193,400
- Compensation Based On: Net Sale Price
- Rental Fee Includes: Unit 1(Heat, Hot Water), Unit 2(Heat, Hot Water), Unit 3(Heat, Hot Water), Unit 4(Heat, Hot Water)
- Taxes: $13,539
- Buyer Agent Compensation: 2%
- Facilitator Compensation: 2%
- Tax Year: 2023
- Total Rent: $11,999
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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 Little & Co., REALTORS®.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
