Sold!
$855,000
5
Beds
3
Baths
2,005
Living Area
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Property Description
Minutes from downtown Salem, Salem Common, and the T-station, this well-maintained 2-unit property offers a fantastic investment or owner occupant opportunity. The first-floor unit features 2 beds, 1 bath, while the spacious second-floor unit spans 2 levels with 3 beds and 2 full baths, including a primary bath. Both units feature in-unit laundry, cherry cabinets, granite counters, and stainless steel appliances. The open-concept kitchen, living, and dining areas are highlighted by hardwood floors. High-efficiency gas heating, central air, and separate utilities throughout. The property has had many updates in the past 10 years, ensuring modern comfort. Outside, you'll find a shed and parking for 3 cars. The 3-bed unit rents for $2,802/month, and the 2-bed unit for $1850/month. This turnkey property is perfect for investors or owner-occupants looking to offset their mortgage with rental income.
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Highlights
- Cooling: Central Air
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1880
- Heating: Forced Air, Natural Gas
- Parking Spots: 3
- Property Type: Multi Family
- Total Rooms: 12
- Status: Closed
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Additional Details
- Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
- Construction: Frame
- Flooring: Wood, Tile, Carpet, Hardwood, Stone/Ceramic Tile
- Interior Features: Storage, Stone/Granite/Solid Counters, Bathroom With Tub & Shower, Open Floorplan, Bathroom with Shower Stall, Kitchen, Laundry Room, Living RM/Dining RM Combo
- Road Frontage Type: Public, Dead End
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: R2
- Basement: Full, Interior Entry, Unfinished
- Exterior Features: Rain Gutters
- Foundation: Stone
- Lot Features: Level
- Roof: Shingle
- Total Number of Units: 2
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, House of Worship, Marina, Public School, T-Station, University
- Waterfront Features: Ocean, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
- Parking Features: Paved Drive, Off Street, Paved
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Utilities
- Electric: Circuit Breakers
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $763,000
- Tax Year: 2025
- Total Rent: $4,652
- Rental Fee Includes: Unit 1(Water), Unit 2(Water)
- Taxes: $8,652
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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 Coldwell Banker Realty - Beverly.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
