Whether you are looking for your first income property or expanding your portfolio this three family is one you don’t want to miss out on- three units with three bedrooms/1 bath each. All de-leaded, section 8 approved and on separate meters. Coin operated washer/dryer in the basement & low maintenance landscaping. First floor unit will be delivered vacant- suited for an owner occupant. Second & third floor units are tenants at will. This 3-family is in nicely situated between Salem State University and Downtown, and will be in close proximity to the proposed South Salem Station.

Property Details

Price:
$999,000
MLS #:
73430491
Status:
Active
Beds:
9
Baths:
3
Address:
32 Park St
Type:
Multi Family
Subtype:
3 Family – 3 Units Up/Down
City:
Salem
Listed Date:
Sep 13, 2025
State:
MA
Finished Sq Ft:
2,345
Total Sq Ft:
2,345
ZIP:
01970
Lot Size:
1,790 sqft / 0.04 acres (approx)
Year Built:
1915
Units:
3

Schools

Interior

Appliances
Range, Refrigerator
Bathrooms
3 Full Bathrooms
Flooring
Tile, Hardwood

Exterior

Community Features
Public Transportation, Shopping, Pool, Park, Laundromat, Highway Access, House of Worship, Marina, Public School, T- Station, University, Sidewalks

Financial

Net Operating Income
$100,200
Tax Year
2025
Taxes
$8,092

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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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32 Park St
Salem, MA