Sold!
$945,450
8
Beds
4
Baths
3,363
Living Area
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Property Description
Turnkey de-leaded investment property with strong rental income and quality long-term TAW tenants. Spacious Victorian era 3-Family located in convenient North Salem, less than a mile from the Salem MBTA Station and Downtown, and just 2 miles from Rt. 128. Ideal unit mix with two large 5 room / 3 bdrm / 1 bath units and one 4 room / 2 bdrm / 1 bath unit. Tenants pay electric and heat. 1st and 3rd floor units renovated 2019, plus new chimneys and brand new coin-op laundry in basement for extra income. New front roof in 2020, and added 3rd parking space and new hot water heater for unit 2 (paid by tenant). Exterior features low maintenance vinyl siding, replacement windows, a sweet little front porch and fenced-in back yard. Off-street parking for 3 cars.
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Highlights
- Heating: Forced Air, Natural Gas, Individual, Central
- Property Class: Residential Income
- Total Rooms: 14
- Status: Closed
- Parking Spots: 3
- Property Type: 3 Family
- Year Built: 1890
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Additional Details
- Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
- Construction: Frame
- Flooring: Wood, Vinyl, Varies, Pine, Vinyl / VCT
- Foundation Area: 972
- Lot Features: Corner Lot
- Roof: Shingle
- Year Built Details: Approximate
- Zoning: R2
- Basement: Full, Finished, Walk-Out Access, Interior Entry, Concrete
- Exterior Features: Rain Gutters, Garden
- Foundation: Stone
- Interior Features: Bathroom With Tub & Shower, Remodeled, Upgraded Cabinets, Living Room, Kitchen
- Road Frontage Type: Public
- Total Number of Units: 3
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, House of Worship, Private School, Public School, T-Station, University, Sidewalks
- Parking Features: Off Street, Driveway
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Utilities
- Electric: Circuit Breakers, 100 Amp Service, Individually Metered
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $710,000
- Compensation Based On: Net Sale Price
- Rental Fee Includes: Unit 1(Water, Hot Water), Unit 2(None), Unit 3(Hot Water)
- Taxes: $8,250
- Buyer Agent Compensation: 1%
- Facilitator Compensation: 1%
- Tax Year: 2024
- Total Rent: $6,600
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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 Hilltop Realty.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
