Property Description
Well-maintained 1915 three-family in North Salem offering over 3,400 sq ft of living space with spacious 1,000-1,220 sq ft units. All three units will be delivered vacant, presenting a rare opportunity for investors or owner-occupants. Each unit features flexible 2-3 bedroom layouts, high ceilings, and separate gas heating systems (no oil). Interiors are clean and well maintained, with opportunity for cosmetic updates. Estimated market rents range from approximately $2,200-$3,000 per month per unit, depending on condition and improvements. Seller is in receipt of Letters of Compliance for Units 2, 3, and common areas. Conveniently located approximately 0.7 miles to Salem MBTA station and close to downtown Salem, shopping, dining, and area amenities. Property includes off-street parking for 3+ vehicles, basement storage, and a level backyard. Potential future uses and conversions subject to buyer due diligence and municipal approval.Located in a flood zone.
Overview
Property Type
Multi-family
Location
39 Mason St, Salem, MA 01970
Zoning
I
MLS ID
73506068
Listing Last Updated
Property Features & Amenities
Interior
Total Bedrooms
8
Full Bathrooms
3
Flooring
Vinyl, Carpet
Appliances
Range, Refrigerator
Other Interior Features
Living Room, Dining Room, Kitchen, Family Room, Sunroom
Exterior
Stories
3
Water Source
Public
Roof
Shingle
Lot Features
Level
Parking
Paved Drive, Off Street, Paved
Heat Type
Central, Forced Air, Natural Gas
Air Conditioning
None
Sewer
Public Sewer
Substructure
Stone
Other Exterior Features
Balcony/Deck
Details
Total Area
3,419 Sq.Ft.
Financial
Price
$969,000
Real Estate Tax
$9,702/yr
Exclusive Listing Agents