Sold!
$1,050,000
9
Beds
3
Baths
3,778
Living Area
-
Property Description
Turn key triple decker investment gem next to Salem State University, 1 mile to downtown Salem & Commuter Rail, 1/2 mile to schools and a short drive to local amenities. Renovated in 2020 with high efficiency gas heat/ tankless hot water, new plumbing & electrical, new meters, toilets, showers and appliances. Each unit features 3 beds, 1 bath & in-unit laundry with similar layouts and modern kitchens & baths. The building includes generous 2 car parking for each unit in the expansive fenced lot. This is a plug and play investment as an income property or condo conversion. All units rented well below market.
-
Highlights
- Area: South Salem
- Parking Spots: 6
- Property Type: 3 Family - 3 Units Up/Down
- Year Built: 1900
- Heating: Baseboard, Natural Gas, Unit Control
- Property Class: Residential Income
- Total Rooms: 18
- Status: Closed
-
Additional Details
- Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
- Construction: Frame
- Flooring: Tile, Hardwood, Wood, Stone/Ceramic Tile
- Interior Features: Pantry, Stone/Granite/Solid Counters, Upgraded Cabinets, Bathroom With Tub & Shower, Remodeled, Internet Available - Broadband, Living Room, Kitchen, Laundry Room, Sunroom
- Road Frontage Type: Public
- Total Number of Units: 3
- Year Built Source: Public Records
- Basement: Full, Interior Entry, Sump Pump, Unfinished
- Exterior Features: Balcony/Deck, Balcony, Rain Gutters
- Foundation: Stone
- Lot Features: Level
- Roof: Rubber
- Year Built Details: Actual
- Zoning: B1
-
Amenities
- Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, House of Worship, Marina, Private School, Public School, T-Station, University
- Waterfront Features: Beach Front, 1 to 2 Mile To Beach, Beach Ownership(Public)
- Parking Features: Paved Drive, Off Street, Assigned, Paved
-
Utilities
- Electric: Circuit Breakers, 100 Amp Service
- Water Source: Public
- Sewer: Public Sewer
-
Fees / Taxes
- Assessed Value: $838,100
- Compensation Based On: Net Sale Price
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
- Taxes: $9,739
- Buyer Agent Compensation: 2%
- Facilitator Compensation: 1%
- Tax Year: 2024
- Total Rent: $7,695
Similar Listings
Sold
6 Photos
Sold
24 Photos
Sold
41 Photos
Sold
42 Photos
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 Atlantic Coast Homes,Inc.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
