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99 North St

Salem, MA 01970
$1,100,000
8 Beds
2/2 Baths
5,866 Living Area
  • Property Description
    Here's your chance to invest in a prime piece of real estate poised to generate substantial income and build wealth over time. This highly visible commercial building is situated on a coveted corner lot, just half a mile from the communal rail, offering both convenience and high foot traffic. This mixed-use building features two four-bedroom residential units and two retail spaces, with a projected monthly gross income of $14,040 and a net of $90,322 annually. Located minutes from historical sites, top restaurants, shops, and Salem Harbor, this property is in the heart of a thriving community. Enjoy high foot traffic and excellent exposure, making it ideal for both residential and commercial tenants. Invest in this gem and secure a steady income stream in a vibrant, growing market. Residential rentals well below housing guidelines
  • Highlights
    • Parking Spots: 6
    • Property Type: 4 Family
    • Year Built: 1890
    • Property Class: Residential Income
    • Total Rooms: 16
    • Status: Closed
  • Additional Details
    • Basement: Full
    • Foundation: Concrete Perimeter
    • Roof: Rubber
    • Year Built Details: Actual
    • Zoning: B1
    • Flooring: Wood
    • Lot Features: Corner Lot
    • Total Number of Units: 4
    • Year Built Source: Public Records
  • Amenities
    • Community Features: Public Transportation, Shopping, Medical Facility, T-Station
    • Parking Features: Off Street
  • Utilities
    • Electric: Circuit Breakers
    • Water Source: Public
    • Sewer: Public Sewer
  • Fees / Taxes
    • Assessed Value: $843,600
    • Compensation Based On: Net Sale Price
    • Tax Year: 2024
    • Total Rent: $9,189
    • Buyer Agent Compensation: 2.0%
    • Facilitator Compensation: 2.0%
    • Taxes: $9,802

Location

99 North St, Salem, MA 01970

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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 Realty20. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
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