This 8 unit building offers everything a investor could want. Located at the end of a quiet street but less than a third of a mile to the Salem commons and all down town has to offer. This corner lot also abuts a city park with playground and plenty of green space. 6 of 8 units have been recently renovated with granite countertops, stainless steel appliances and fresh paint. The parking lot is newly blacktopped and new parking lines have been painted. The front steps and stoops have been repointed and newly painted. 12 off street assigned parking spots in back of building. Coin Op laundry in basement. Extra storage in basement. Heat and electric utilities are separated. Lead certificates are available for all units in building.

Property Details

Price:
$3,499,999
MLS #:
73414098
Status:
Active
Beds:
16
Baths:
8
Address:
35 Northey
Type:
Multi Family
Subtype:
5-9 Family
City:
Salem
Listed Date:
Aug 6, 2025
State:
MA
Finished Sq Ft:
10,164
Total Sq Ft:
10,164
ZIP:
01970
Lot Size:
10,799 sqft / 0.25 acres (approx)
Year Built:
1890
Units:
8

Schools

Interior

Appliances
Range, Dishwasher, Disposal, Refrigerator, Freezer
Bathrooms
8 Full Bathrooms
Fireplaces Total
1
Flooring
Wood, Hardwood
Heating
Central

Exterior

Community Features
Public Transportation, Shopping, Park, House of Worship
Construction Materials
Frame
Parking Features
Off Street, Assigned
Parking Spots
12
Roof
Shingle

Financial

Net Operating Income
$99,600
Tax Year
2025
Taxes
$22,922

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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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35 Northey
Salem, MA