MLS #73473055 image #0
Presenting 3 Chase St, a three story multifamily residence ideally located in Salem. Built in 1915, this property offers a strong opportunity for investors, developers, or owner-occupants seeking long term value. The first floor unit features a living room with fireplace, dining room, two bedrooms, and one bath, while the second floor unit offers three bedrooms, one bath, and access to a walk up unfinished attic. Additional highlights include parking for three vehicles, oil heat with gas available for cooking, three separate electrical panels, roof and siding replaced approximately 11 years ago, a boiler installed in 2015, and a hot water heater replaced in 2021, making this a rare chance to reimagine and enhance a well located multifamily property.
Current real estate data for Multi Family in Salem as of Feb 16, 2026
9
Multi Family Listed
275
Avg DOM
326
Avg $ / SqFt
$1,255,211
Avg List Price

Property Details

Price:
$699,000
MLS #:
73473055
Status:
Active Under Contract
Beds:
5
Baths:
2
Type:
Multi Family
Subtype:
2 Family – 2 Units Up/Down
Listed Date:
Jan 30, 2026
Finished Sq Ft:
3,378
Total Sq Ft:
3,378
Lot Size:
2,675 sqft / 0.06 acres (approx)
Year Built:
1915
Units:
2

Schools

Interior

Appliances
Range, Refrigerator, Washer, Dryer
Bathrooms
2 Full Bathrooms
Fireplaces Total
2
Flooring
Wood
Heating
Baseboard, Oil

Exterior

Parking Features
Paved Drive, Off Street, Tandem
Parking Spots
3
Roof
Shingle

Financial

Tax Year
2025
Taxes
$7,224

Map

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Property Summary

    3 Chase St Salem MA is a Multi Family for sale in Salem, MA, 01970. It is listed for $699,000 To schedule a showing of MLS#73473055 at 3 Chase St in Salem, MA, contact your Boardwalk Real Estate Corp. agent at 781-944-7820.

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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.,…

More About James
3 Chase St
Salem, MA