We are pleased to present this multifamily offering which consists of 3 large units, ample on-site parking, and two garages currently used as parking and storage. The property has been very well maintained but offers investors and end-users future value through cosmetic improvements and activating additional income opportunities. The property is ideally located in a quiet residential neighborhood and is less than a 4-minute drive to downtown and the commuter line MBTA.

Property Details

Price:
$1,075,000
MLS #:
73356930
Status:
Active
Beds:
8
Baths:
3.5
Address:
1 Japonica Ave
Type:
Multi Family
Subtype:
3 Family – 3 Units Up/Down
City:
Salem
Listed Date:
Apr 9, 2025
State:
MA
Finished Sq Ft:
5,418
Total Sq Ft:
5,418
ZIP:
01970
Lot Size:
11,935 sqft / 0.27 acres (approx)
Year Built:
1915
Units:
3

Schools

Interior

Appliances
Refrigerator
Bathrooms
3 Full Bathrooms, 1 Half Bathroom

Exterior

Community Features
Public Transportation
Parking Spots
10

Financial

Tax Year
2025
Taxes
$11,551

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CRP: Certified Relocation Professional
CRS: Certified Residential Specialist
GRI: Graduate of Realtors Institute
CBR: Certified Buyers Representative
BSBA: Bachelor of Science in Business Administration. Babson College 1979
MBA: Master of Business Administration. Babson College 2002

James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…

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1 Japonica Ave
Salem, MA