This well-maintained four-family property consists of four 1-bedroom units, perfectly situated near Salem’s commuter rail and Salem State University. Each unit features hardwood floors and abundant natural light. The property includes on-site laundry and off-street parking, rare amenities in this sought-after area.Located just minutes from Salem’s historic downtown, with its rich culture, dining, and entertainment options. With stable rental income and significant potential for growth, this property is an investor’s dream. The proximity to major transportation and educational hubs ensures consistent demand year-round. Don’t miss your chance to own this exceptional investment in one of Salem’s most desirable locations.

Property Details

Price:
$1,175,000
MLS #:
73294342
Status:
Active
Beds:
4
Baths:
4
Address:
11 Hancock St
Type:
Multi Family
Subtype:
4 Family
City:
Salem
Listed Date:
Sep 24, 2024
State:
MA
Finished Sq Ft:
2,974
Total Sq Ft:
2,974
ZIP:
01970
Lot Size:
3,707 sqft / 0.09 acres (approx)
Year Built:
1917
Units:
4

Schools

Interior

Bathrooms
4 Full Bathrooms
Cooling
Window Unit(s)
Heating
Natural Gas

Exterior

Community Features
Public Transportation, Shopping, Park, Walk/ Jog Trails, Golf, Medical Facility, Laundromat
Construction Materials
Frame
Parking Features
Assigned
Parking Spots
5
Roof
Slate

Financial

Net Operating Income
$46,800
Tax Year
2024
Taxes
$9,167

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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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11 Hancock St
Salem, MA