Sold!
$880,000
7
Beds
3
Baths
2,690
Living Area
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Property Description
Opportunity awaits! Whether you're an investor looking to grow your portfolio, or you're looking to purchase your first multi to live in one of the units while generating rental income, this is the best of both worlds. Unit 1 was just completely renovated. Hardwood floors, quartz countertops, shaker cabinets, stainless appliances. Live in unit 1, and collect rent from unit 2. Or rent unit 1 to generate 7K cash flow per month. Located on the corner of Summer and Prescott street within a quarter mile of The Salem Post Office, Steve's Market, The Derby and much more. Enjoy all that downtown Salem has to offer - Don't miss out! Basement has been completely renovated. New electrical in the last 18 months. Brand new Washer/Dryer coin ops. Brand new exterior decks.
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Highlights
- Property Class: Residential Income
- Total Rooms: 14
- Status: Closed
- Property Type: Multi Family
- Year Built: 1914
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Additional Details
- Appliances: Range, Dishwasher, Refrigerator, Freezer, Microwave
- Exterior Features: Rain Gutters
- Foundation: Stone
- Lot Features: Corner Lot
- Roof: Slate
- Year Built Details: Actual
- Zoning: R2
- Basement: Full
- Flooring: Wood
- Interior Features: Living Room, Kitchen, Office/Den, Dining Room
- 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, Golf, Medical Facility, Highway Access, Public School, T-Station, University
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Utilities
- Electric: 200+ Amp Service
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $680,000
- Compensation Based On: Gross/Full Sale Price
- Taxes: $8,100
- Buyer Agent Compensation: 2%
- Tax Year: 2023
- Total Rent: $7,000
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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 Century 21 North East.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
