Sold!
$900,000
8
Beds
3
Baths
3,419
Living Area
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Property Description
Well-maintained 1915 three-family in North Salem offering over 3,400 sq ft of living space with spacious 1,000–1,220 sq ft units. All three units will be delivered vacant, presenting a rare opportunity for investors or owner-occupants. Each unit features flexible 2–3 bedroom layouts, high ceilings, and separate gas heating systems (no oil). Interiors are clean and well maintained, with opportunity for cosmetic updates. Estimated market rents range from approximately $2,200–$3,000 per month per unit, depending on condition and improvements. Seller is in receipt of Letters of Compliance for Units 2, 3, and common areas. Conveniently located approximately 0.7 miles to Salem MBTA station and close to downtown Salem, shopping, dining, and area amenities. Property includes off-street parking for 3+ vehicles, basement storage, and a level backyard. Potential future uses and conversions subject to buyer due diligence and municipal approval.Located in a flood zone.
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Highlights
- Heating: Central, Forced Air, Natural Gas
- Parking Spots: 3
- Property Type: 3 Family - 3 Units Up/Down
- Total Rooms: 21
- Status: Closed
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1915
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Additional Details
- Appliances: Range, Refrigerator
- Construction: Frame
- Exterior Features: Balcony/Deck
- Foundation: Stone
- Lot Features: Level
- Roof: Shingle
- Total Number of Units: 3
- Year Built Source: Public Records
- Basement: Full
- Exclusions: Personal Property
- Flooring: Vinyl, Carpet
- Interior Features: Living Room, Dining Room, Kitchen, Family Room, Sunroom
- Road Frontage Type: Public
- SqFt Source: Measured
- Year Built Details: Approximate
- Zoning: I
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Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Public School, T-Station, University, Sidewalks
- Parking Features: Paved Drive, Off Street, Paved
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $900,000
- Taxes: $9,702
- Tax Year: 2026
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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 Realty One Group Nest.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
