Property Attributes
- MLS#73234660
- TypeMulti-Family
- CountyESSEX
- CitySalem
- Zip01970
- Style4 Family
- Year Built1935
- Taxes$ 8451
- Price$ 1,150,000
- Bedrooms8
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage3680
- Lot Size3,920 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
Introducing a 4-family property on a corner lot with plenty of parking space! The cozy first floor units consist of one and two bedrooms, offering potential for increased rental income. The second-floor unit serves as the owner's residence featuring an open-concept layout with main and formal living room which could be transformed to a third bedroom. It has enclosed porch and laundry. The third-floor unit features a spacious kitchen, three bedrooms, and an enclosed porch. Outside, the fenced-in backyard provides a cozy retreat, complemented by a double driveway, a two-car garage with a side door entrance, and an attached shed. Full spacious basement with separate utilities, gas heating systems and hot water tanks for efficiency. Conveniently located just minutes from the city center, restaurants, the ocean, parks, schools, and public transportation. Don't miss the opportunity to own this rare property!
Elementary School | Middle School | High School |
---|---|---|
Saltonstall Elementary School | Collins Middle School | Salem High |
Price History | |
---|---|
5/8/2024 | Listed $1,150,000 |
General Features
Sewer | Public Sewer |
---|---|
Utilities | for Gas Range,for Electric Range,for Gas Oven,for Electric Oven,for Electric Dryer,Washer Hookup,Varies per Unit |
Roof | Shingle |
Zoning | R3 |
Garage Spaces | 2 |
Patio/Porch Features | Enclosed |
Construction Materials | Frame |
Year Built | 1935 |
Electric | Circuit Breakers |
View | City |
Property SubType | 4 Family |
Tax Year | 2024 |
Gross Income | 92820 |
Waterfront Features | Beach Front,Harbor,Ocean,3/10 to 1/2 Mile To Beach,Beach Ownership(Public) |
Community Features | Public Transportation,Shopping,Tennis Court(s),Park,Walk/Jog Trails,Medical Facility,Laundromat,Bike Path,Highway Access,House of Worship,Marina,Public School,T-Station,University |
County | Essex |
Net Operating Income | 92820 |
Operating Expense | 2500 |
Property Type | Residential Income |
Energy Efficient | Varies per Unit |
Garage Y/N | Yes |
Other Structures | Shed(s) |
Total Rooms | 20 |
Status | Active |
Directions | 1A Lafayette Street to Dow Street |
High School | Salem High |
City | Salem |
Disclosures | Sold as is. The 2nd floor unit is occupied by the owner and the rent listed for this unit is estimated. Units on the 1st floor could potentially rent for more. 3 out of 4 units have lead compliance ( |
View Y/N | Yes |
Senior Community Y/N | No |
Total Units | 4 |
Lot Size Square Feet | 4021 |
Waterfront Y/N | No |
Street Name | Dow St |
Elementary School | Saltonstall |
Year Built Details | Actual,Unknown/Mixed |
Tax Annual Amount | 8451 |
Home Warranty Y/N | No |
Middle/Junior High School | Collins |
Water Sewer Expense | 2500 |
Building Area Units | Square Feet |
Standard Status | Active |
Year Built Source | Public Records |
Tax Assessed Value | 727300 |
Total Actual Rent | 7735 |
Compensation Based On | Net Sale Price |
Sub-Agency Relationship Offered | No |
Interior Features
Basement | Full,Bulkhead,Concrete |
---|---|
Flooring | Tile,Laminate,Hardwood |
Total Stories | 7 |
Window Features | Insulated Windows |
Fireplace Y/N | No |
Full Baths | 4 |
Laundry Features | Electric Dryer Hookup,Washer Hookup |
Total Bedrooms | 8 |
Total Baths | 4 |
Exterior Features
Fencing | Fenced |
---|---|
Parking Features | Off Street,Paved |
Lot Features | Corner Lot |
Water Source | Public |
Total Parking | 6 |
Lot Size Area | 0.09 |
Foundation Details | Block,Stone |
Spa | No |
Building Area Total | 3680 |
Lot Size Acres | 0.09 |
Lot Size Units | Acres |
Covered Spaces | 2 |
Door Features | Insulated Doors,Storm Door(s) |
Open Parking Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool