3 Chase St, Salem, MA 01970
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$699,000
2 Unit
5 Beds
2 Baths
3378 SQFT
0.06 Acre

Property Description

Presenting 3 Chase St, a three story multifamily residence ideally located in Salem. Built in 1915, this property offers a strong opportunity for investors, developers, or owner-occupants seeking long term value. The first floor unit features a living room with fireplace, dining room, two bedrooms, and one bath, while the second floor unit offers three bedrooms, one bath, and access to a walk up unfinished attic. Additional highlights include parking for three vehicles, oil heat with gas available for cooking, three separate electrical panels, roof and siding replaced approximately 11 years ago, a boiler installed in 2015, and a hot water heater replaced in 2021, making this a rare chance to reimagine and enhance a well located multifamily property.

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 5
  • Total Full Baths: 2
  • Total Fireplaces: 2
  • Basement Features: Full, Unfinished Basement, Walk Out
  • Common Rooms: Dining Room, Kitchen, Living Room
  • Common Interior Features: Bathroom With Tub & Shower, Walk-Up Attic
  • Common Appliances: Dryer, Range, Refrigerator, Washer
  • Common Heating: Electric Baseboard, Gas, Hot Air Gravity, Hot Water Baseboard, Oil, Radiant

Financial

  • APOD Available: No

Utilities

  • Electric Info: Circuit Breakers, Knob & Tube Wiring, Underground
  • 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: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1915
  • Type: 2 Family - 2 Units Up/Down
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73473055
  • Last Updated: 02/03/26
  • Terms: Contract for Deed, Rent w/Option

Property History tap to expand

Date Event Price Price/Sq Ft Source
02/03/2026Active$699,000$207MLSPIN
01/30/2026New$699,000$207MLSPIN

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Seller's Representative: Rich Granata, The Granata Group
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 2026-02-03 03:05:00

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