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$2,550,000
Est. payment /mo
16 Beds
8 Baths
6,656 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,656 sqft
Price per Sqft $383
MLS Listing ID 73490150
Bedrooms 16
Full Baths 8
Year Built 1960
Annual Tax Amount $16,240
Tax Year 2025
Lot Size 9,583 Sqft
Acres 0.22
Property Sub-Type 5-9 Family
Property Description
Turnkey 8-unit investment opportunity in Salem. The Property consists of two four-family buildings deeded together, totaling eight (8) 2-bedroom units, along with 10 off-street parking spaces. Heat and hot water are included in rent. The property has been extensively updated, featuring renovated kitchens and baths with granite countertops and stainless steel appliances, updated electrical, a new roof on the Harbor Street building, and new insulation in both attics and walls. Additional highlights include basement storage and a clean, well-maintained condition, making this an ideal opportunity for investors seeking a low-maintenance, stabilized asset with upside through future rent optimization. See attached for the OM with detailed financials.
Location
State MA
County Essex
Zoning R3
Direction Please use GPS
Rooms
Basement Full, Interior Entry
Interior
Heating Oil
Flooring Wood
Exterior
Community Features Public Transportation
Roof Type Shingle
Total Parking Spaces 10
Garage No
Building
Lot Description Corner Lot
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Senior Community false
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Listed by Little & Co., REALTORS®
Nearby Locations
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Sherry Stallings
Broker Associate | License ID: 9572159
Broker Associate License ID: 9572159