3 Hazel St, Salem, MA
Open House: Fri 4/18 4:30 PMPrice Reduced $25,100
0
3 Hazel St, Salem, MA 01970
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$849,900
3 Unit
5 Beds
3 Baths
2056 SQFT
0.04 Acre

Property Description

UNIT 1 IS VACANT. UNIT 2 LEASE ENDS MAY 31ST. UNIT 3 TAW, MOVING OUT JULY 31ST. Adding to the rental portfolio? Or maybe looking to get started? Look no further than 3 Hazel Street. Unit 1 and 2 offer flexible configuration and can be used as 1 or 2 bedroom units, each with 1 bathroom. Unit 3 is a charming 1 bed 1 bath unit. Unit 1 has had a recent renovation including new kitchen, refinished floors, and installation of a mini-split system offering heating and cooling. All units have separate electric and gas utilities. Still room for value-add by increasing rents, by doing cosmetic updates, and adding in-building laundry. This 3-family is nicely situated between Salem State University and Downtown, and will be in close proximity to the proposed South Salem Station. Salem and surrounding towns offer great amenities such as beaches, golf courses, restaurants, shops, and nature trails. Great long term hold.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 5
  • Total Full Baths: 3
  • Amenities: Laundromat, Public Transportation, T-Station, University, Walk/Jog Trails
  • Basement Features: Full
  • Common Rooms: Dining Room, Kitchen, Living Room
  • Common Interior Features: Bathroom With Tub & Shower, Ceiling Fans, Stone/Granite/Solid Counters
  • Common Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Common Heating: Ductless Mini-Split System, Electric, Forced Air, Space Heater

Financial

  • APOD Available: No
  • Gross Operating Income: 11700
  • Net Operating Income: 11700

Utilities

  • Electric Info: Circuit Breakers, Individually Metered, Underground
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1915
  • Type: 3 Family
  • Foundation Info: Fieldstone
  • Roof Material: Shingle, Slate
  • Flooring Type: Vinyl, Wall to Wall Carpet, Wood
  • Lead Paint: Certified Treated, Yes
  • Warranty: No

Other Information

  • MLS ID# 73352890
  • Last Updated: 04/17/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
04/16/2025Price Change$849,900$413MLSPIN
04/05/2025Active$875,000$426MLSPIN
04/02/2025New$875,000$426MLSPIN
12/03/2024Canceled$875,000$426MLSPIN
11/01/2024Active$875,000$426MLSPIN
10/28/2024New$875,000$426MLSPIN

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Seller's Representative: Jonathan McCarron, William Raveis R.E. & Home Services
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-04-17 13:57:00

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