Sold!
$1,200,000
8
Beds
2/1
Baths
3,359
Living Area
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Property Description
Discover a fantastic investment opportunity with this beautiful two-family home conveniently located near Salem’s vibrant shops, restaurants, and cultural attractions. Enjoy easy access to public transportation and major roadways, making this property a highly desirable location for tenants and homeowners alike. The first-floor unit boasts high ceilings, a recently renovated kitchen and bath, radiant floor heating, and modern appliances. The second floor offers two comfortable bedrooms and a newer kitchen. The partially finished third floor adds versatility with its four additional rooms. Set on a generous quarter acre lot with potential for significant expansion, this property combines contemporary upgrades with future growth possibilities. Enjoy the benefits of passive income with the potential for strong rental yields from the well-maintained units. Current owners have been using the second floor unit as a Airbnb grossing 50k/year.
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Highlights
- Heating: Natural Gas
- Property Class: Residential Income
- Total Rooms: 13
- Status: Closed
- Parking Spots: 3
- Property Type: Multi Family
- Year Built: 1850
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Additional Details
- Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
- Foundation: Stone, Brick/Mortar
- Lot Features: Other
- Roof: Shingle, Rubber
- Year Built Details: Approximate
- Zoning: R2
- Flooring: Wood
- Interior Features: Living Room, Kitchen
- Road Frontage Type: Public
- Total Number of Units: 2
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Park, Highway Access
- Waterfront Features: Beach Front, Ocean, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
- Parking Features: Off Street
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $782,200
- Compensation Based On: Net Sale Price
- Tax Year: 2024
- Total Rent: $4,100
- Buyer Agent Compensation: 2%
- Facilitator Compensation: 1%
- Taxes: $9,089
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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 Ivy Realty Group.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
