Group Showing/Open House CANCELED 9/15. Welcome to 173 Loring Ave, Salem—a beautifully updated two-family home close to Salem State University. Each unit features 2 bedrooms and 1 bathroom, offering modern and comfortable living spaces. Both units have been thoughtfully renovated with new kitchens showcasing contemporary appliances and stylish cabinetry. The open living and dining areas are highlighted by gleaming hardwood floors. Each unit has recent updates including heating systems, windows, roof, kitchens, baths and fresh paint throughout, enhancing both efficiency and aesthetic appeal. Located in a vibrant neighborhood with convenient access to Salem State University, dining, shopping, and cultural attractions, as well as nearby parks, Forest Street beach and the Commuter Rail. This well-maintained property is perfect for investment opportunities or multi-generational living.

Property Details

Price:
$750,000
MLS #:
73287259
Status:
Active Under Contract
Beds:
4
Baths:
2
Address:
173 Loring Ave
Type:
Multi Family
Subtype:
2 Family – 2 Units Up/Down
Neighborhood:
South Salem
City:
Salem
Listed Date:
Sep 9, 2024
State:
MA
Finished Sq Ft:
1,880
Total Sq Ft:
1,880
ZIP:
01970
Lot Size:
4,700 sqft / 0.11 acres (approx)
Year Built:
1930
Units:
2

Schools

Interior

Bathrooms
2 Full Bathrooms
Flooring
Wood, Tile

Exterior

Community Features
Public Transportation, Shopping, Pool, Park, Walk/ Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Private School, Public School, University
Construction Materials
Frame
Parking Features
Paved Drive, Off Street
Parking Spots
2
Roof
Shingle

Financial

Net Operating Income
$26,400
Tax Year
2024
Taxes
$7,151

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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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173 Loring Ave
Salem, MA