Property Description

This 8 unit building offers everything a investor could want. Located at the end of a quiet street but less than a third of a mile to the Salem commons and all down town has to offer. This corner lot also abuts a city park with playground and plenty of green space. 6 of 8 units have been recently renovated with granite countertops, stainless steel appliances and fresh paint. The parking lot is newly blacktopped and new parking lines have been painted. The front steps and stoops have been repointed and newly painted. 12 off street assigned parking spots in back of building. Coin Op laundry in basement. Extra storage in basement. Heat and electric utilities are separated. Lead certificates are available for all units in building.

Property Details tap to expand

Building Information

  • Total Units: 8
  • Total Floors: 7
  • Total Bedrooms: 16
  • Total Full Baths: 8
  • Total Fireplaces: 1
  • Amenities: House of Worship, Park, Public Transportation, Shopping
  • Basement Features: Full
  • Common Rooms: Dining Room, Kitchen, Living Room
  • Common Interior Features: Lead Certification Available, Stone/Granite/Solid Counters, Upgraded Cabinets, Upgraded Countertops
  • Common Appliances: Dishwasher, Disposal, Freezer, Range, Refrigerator
  • Common Heating: Central Heat, Electric

Financial

  • APOD Available: Yes
  • Expenses Source: Estimated, Projected
  • Gross Operating Income: 99600
  • Net Operating Income: 99600

Utilities

  • 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: 2

Unit 3 Description

  • Included in Rent: Water
  • Levels: 1

Unit 4 Description

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

Construction

  • Year Built: 1890
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick, Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Wood
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73414098
  • Last Updated: 08/14/25
  • Terms: Assumable, Seller W/Participate

Property History tap to expand

Date Event Price Price/Sq Ft Source
08/14/2025Contingent$3,499,999$344MLSPIN
08/09/2025Active$3,499,999$344MLSPIN
08/05/2025New$3,499,999$344MLSPIN
07/23/2025Canceled$425,000$577MLSPIN
06/22/2025Active$425,000$577MLSPIN
06/18/2025New$425,000$577MLSPIN

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Seller's Representative: Matthew Sears, Aluxety
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 2025-08-14 22:37:00