All offers are due Monday 1/20 at noon time. Discover a beautifully renovated 2-family home in the heart of Salem, MA! This versatile property features two spacious units, perfect for investors or multi-generational living. First Floor Unit: 3 bedrooms, 1.5 baths, and thoughtfully updated living spaces. Second Floor Unit: 5 bedrooms, 2.5 baths, with ample room to accommodate larger households. Both units boast modern finishes, updated kitchens with stainless steel appliances, and stylish bathrooms. Enjoy the convenience of 6-8 off-street parking spaces—a rare find in Salem! Located near Salem’s vibrant downtown, this home is just minutes from the historic sites, waterfront attractions, trendy restaurants, and public transportation, offering easy access to Boston.Don’t miss this opportunity to own a stunning, move-in-ready property in one of the most desirable neighborhoods in Salem, perfect for homeowners and savvy investors alike!

Property Details

Price:
$1,000,000
MLS #:
73327227
Status:
Active Under Contract
Beds:
8
Baths:
4
Address:
20 Hersey St
Type:
Multi Family
City:
Salem
Listed Date:
Jan 17, 2025
State:
MA
Finished Sq Ft:
3,084
Total Sq Ft:
3,084
ZIP:
01970
Lot Size:
4,901 sqft / 0.11 acres (approx)
Year Built:
1930
Units:
2

Schools

Interior

Bathrooms
3 Full Bathrooms, 2 Half Bathrooms
Flooring
Hardwood

Exterior

Parking Features
Paved Drive, Off Street
Parking Spots
6

Financial

Net Operating Income
$92,760
Tax Year
2024
Taxes
$7,002

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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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20 Hersey St
Salem, MA