$1,149,000
$1,050,000
9.4%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
4.5 Baths
2,858 SqFt
SOLD DATE : 07/18/2025
Key Details
Sold Price $1,149,000
Property Type Multi-Family
Sub Type 3 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,858 sqft
Price per Sqft $402
MLS Listing ID 73381487
Sold Date 07/18/25
Bedrooms 7
Full Baths 4
Half Baths 1
Year Built 1915
Annual Tax Amount $8,806
Tax Year 2025
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type 3 Family
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.
Location
State MA
County Essex
Zoning B1
Direction Jefferson Ave to Winthrop St. and Broad St. to Winthrop St.
Rooms
Basement Full, Unfinished
Interior
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
Heating Hot Water, Natural Gas, Forced Air, Heat Pump, Oil
Cooling Heat Pump
Flooring Tile, Hardwood
Appliance ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dishwasher, Range, Refrigerator
Exterior
Exterior Feature Rain Gutters
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, House of Worship, Public School, T-Station, University, Sidewalks
Utilities Available for Gas Range
Roof Type Slate,Rubber
Total Parking Spaces 1
Garage No
Building
Lot Description Level
Story 3
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
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