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Home Massachusetts Salem Multi-Family Homes for Sale

17 Dow St Salem, MA 01970
25 Days on Boardwalk Properties
42
17 Dow St, Salem, MA 01970
View Map
$1,150,000
4 Unit
8 Beds
4 Baths
3680 SQFT
0.09 Acre

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!
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Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 7
  • Total Bedrooms: 8
  • Total Full Baths: 4
  • Amenities: Bike Path, Highway Access, House of Worship, Laundromat, Marina, Medical Facility, Park, Public School, Public Transportation, Shopping, Tennis Court, T-Station, University, Walk/Jog Trails
  • Basement Features: Bulkhead, Concrete Floor, Full
  • Common Interior Features: Tile Floor
  • Common Appliances: Washer Hookup

Financial

  • APOD Available: No
  • Gross Operating Income: 96000
  • Gross Expenses: 2500
  • Water/Sewer: 2500
  • Net Operating Income: 93500

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Energy Features: Insulated Doors, Insulated Windows, Storm Doors
  • Utility Connections: for Electric Dryer, for Electric Oven, for Electric Range, for Gas Oven, for Gas Range, Varies per Unit, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1935
  • Type: 4 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Concrete Block, Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Laminate, Tile
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73234660
  • Last Updated: 05/29/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
05/12/2024Active$1,150,000$313MLSPIN
05/08/2024New$1,150,000$313MLSPIN

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Map

Seller's Representative: Ernad Preldzic, RE/MAX 360
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2%
Facilitator Compensation: 0
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-05-29 21:52:00

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