Sold!
$1,200,000
6
Beds
6
Baths
3,246
Living Area
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Property Description
Exceptional 6 unit investment property steps to Historic Salem Common, Downtown, and commuter rail. These studios and one bedrooms are ideal apartments with almost zero vacancy. There are great bones, newer heating and hot water, and freshly painted trim along with a new roof. Apartments are way below market rents but all are tenants at will.
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Highlights
- Property Class: Residential Income
- Total Rooms: 12
- Status: Closed
- Property Type: 5-9 Family
- Year Built: 1885
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Additional Details
- Basement: Full, Bulkhead
- Exterior Features: Fenced Yard
- Foundation: Granite
- Roof: Shingle
- Year Built Details: Approximate
- Zoning: R2
- Construction: Frame
- Flooring: Wood
- Road Frontage Type: Public
- Total Number of Units: 6
- Year Built Source: Appraiser
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Amenities
- Community Features: Public Transportation, Park
- Waterfront Features: Beach Front, Bay, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
- Parking Features: Paved Drive, On Street
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Utilities
- Electric: 200+ Amp Service
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $739,100
- Compensation Based On: Gross/Full Sale Price
- Tax Year: 2023
- Total Rent: $4,775
- Buyer Agent Compensation: 2%
- Facilitator Compensation: 1%
- Taxes: $9,246
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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 Herrick Lutts Realty Partners.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
