Sold!
$930,000
6
Beds
3
Baths
2,952
Living Area
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Property Description
Discover a well-maintained treasure in the heart of Salem, just a stone's throw away from the vibrant downtown scene. This 3-family property boasts spacious 2-bedroom, 1-Bathroom units complete with inviting dining and living areas. Four off street parking spaces gives the potential for added monthly income. Each unit is equipped with separate utilities, ensuring convenience and flexibility for both tenants and landlords alike. Current rents are well below market. This property can be sold with 4 Chase st and 199-201 Lafayette st to create a 12 unit package with 12 off street parking spaces. See attached for detailed income/expenses as well as rent projections.
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Highlights
- Heating: Steam, Natural Gas, Forced Air
- Property Class: Residential Income
- Total Rooms: 14
- Status: Closed
- Parking Spots: 4
- Property Type: 3 Family - 3 Units Up/Down
- Year Built: 1915
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Additional Details
- Flooring: Wood, Hardwood
- Lot Features: Other
- Total Number of Units: 3
- Year Built Source: Public Records
- Foundation: Concrete Perimeter
- Roof: Shingle
- Year Built Details: Approximate
- Zoning: R3
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Amenities
- Community Features: Public Transportation
- Parking Features: Off Street
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Utilities
- Electric: 60 Amps/Less
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $669,600
- Compensation Based On: Net Sale Price
- Tax Year: 2023
- Total Rent: $5,675
- Buyer Agent Compensation: 2%
- Facilitator Compensation: 2%
- Taxes: $7,650
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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.
