11 Barr St, Salem, MA 01970
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$1,050,000
3 Unit
6 Beds
3 Baths
3044 SQFT
0.08 Acre

Property Description

Outstanding opportunity to own a well-maintained three-family property in the highly sought-after North Salem neighborhood. This classic multi-family offers three spacious units with separate utilities, off-street parking, and a strong rental history. Located just minutes from downtown Salem, the commuter rail, shops, and restaurants, the property is ideal for both investors and owner-occupants. First floor unit will be delivered vacant, providing flexibility for immediate occupancy or rental upside. A rare chance to secure a solid income-producing asset in a prime location. No Showings until first open house Saturday 6/14 11am-1pm

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 6
  • Total Full Baths: 3
  • Amenities: Bike Path, Conservation Area, Golf Course, House of Worship, Marina, Medical Facility, Private School, Public Transportation, Shopping, Tennis Court, Walk/Jog Trails

Financial

  • APOD Available: No
  • Gross Operating Income: 59400
  • Gross Expenses: 4167
  • Electric Expenses: 180
  • Water/Sewer: 1040
  • INSC: 3200
  • RFS: 787
  • Net Operating Income: 54193

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

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

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

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

Construction

  • Year Built: 1890
  • Type: 3 Family - 3 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick, Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73389555
  • Last Updated: 06/15/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/15/2025Active$1,050,000$345MLSPIN
06/11/2025New$1,050,000$345MLSPIN
01/03/2025Sold$850,000$279MLSPIN
11/25/2024Under Agreement$849,900$279MLSPIN
11/24/2024Active$849,900$279MLSPIN
11/20/2024Back on Market$849,900$279MLSPIN
11/05/2024Under Agreement$849,900$279MLSPIN
11/02/2024Active$849,900$279MLSPIN
10/29/2024New$849,900$279MLSPIN

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Seller's Representative: Jordan Ryan, Keller Williams Realty Evolution
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 2025-06-15 11:28:00