Sold!
$1,149,000
7
Beds
4/1
Baths
2,858
Living Area
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Property Description
Turnkey 3-family gem in the heart of downtown Salem! Fully renovated units, strong rental income, and location make this an exceptional opportunity for investors or owner-occupants seeking cash flow and long-term growth. Unit 1 offers 3 beds/2 baths with stylish finishes and generous living space. Unit 2 features 3 beds/1.5 baths has been renovated and will be delivered vacant ideal for an owner to move right in. Unit 3 is a spacious 1 bed/1 bath with separate kitchen, living and dinning room. Beautiful hardwood floors, modern kitchens, and updated baths through out the home. Exterior improvements and solid systems make this a low-maintenance asset. Current rents: $3,300 (U1), $3,100 (U2), $2,022 (U3). Excellent tenant history, responsible residents, and unbeatable proximity to shops, dining, commuter rail, and waterfront. Whether you're looking to expand your portfolio or live in one unit and let the others pay the mortgage this property checks all the boxes.
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Highlights
- Cooling: Heat Pump
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1915
- Heating: Hot Water, Natural Gas, Forced Air, Heat Pump, Oil
- Parking Spots: 1
- Property Type: 3 Family
- Total Rooms: 14
- Status: Closed
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Additional Details
- Appliances: ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dishwasher, Range, Refrigerator
- Construction: Frame
- Flooring: Tile, Hardwood
- Interior Features: Laundry Room, Stone/Granite/Solid Counters, High Speed Internet, Upgraded Cabinets, Bathroom With Tub & Shower, Smart Thermostat, Remodeled, Living Room, Kitchen, Dining Room
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: B1
- Basement: Full, Unfinished
- Exterior Features: Rain Gutters
- Foundation: Stone
- Lot Features: Level
- Roof: Slate, Rubber
- Total Number of Units: 3
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, House of Worship, Public School, T-Station, University, Sidewalks
- Parking Features: Paved Drive, Off Street
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $776,500
- Tax Year: 2025
- Total Rent: $8,422
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Heat, Water)
- Taxes: $8,806
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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 Newhall Real Estate.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
