Fabulous investment opportunity in the heart of Salem offers a unique blend of urban living renowned for its maritime history and vibrant cultural scene. This property features three spacious, separate units, blown-in insulation, many replaced windows, a new heating system & hot water holding tank, new electrical panels, a two-car garage, and lots of parking in a newly replaced and sealed driveway, Whether you are looking to expand your investment portfolio or live in one unit while renting out the others, this spacious multi-family property offers an incredible investment potential and a comfortable living space. Shown by appointment. Additional photos are forthcoming.

Property Details

Price:
$899,000
MLS #:
73314993
Status:
Active
Beds:
7
Baths:
4
Address:
29 Harbor Street
Type:
Multi Family
Subtype:
3 Family
City:
Salem
Listed Date:
Nov 21, 2024
State:
MA
Finished Sq Ft:
3,155
Total Sq Ft:
3,155
ZIP:
01970
Lot Size:
5,096 sqft / 0.12 acres (approx)
Year Built:
1915
Units:
3

Schools

Interior

Appliances
Range, Dishwasher, Refrigerator, Washer, Dryer
Bathrooms
4 Full Bathrooms
Flooring
Laminate, Carpet, Hardwood
Heating
Hot Water
Laundry Features
Washer & Dryer Hookup, Electric Dryer Hookup, Washer Hookup

Exterior

Community Features
Public Transportation, Shopping, Medical Facility, Laundromat, House of Worship, Private School, Public School, University
Construction Materials
Frame
Exterior Features
Balcony/ Deck
Parking Features
Paved Drive, Off Street, Driveway, Paved
Parking Spots
4
Roof
Slate

Financial

Net Operating Income
$55,212
Tax Year
2024
Taxes
$7,543

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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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29 Harbor Street
Salem, MA