This exceptional multi-family home in the heart of historic Salem is located on a peaceful street, just moments away from Salem State, Pickering Wharf, Forest River Park, and all the magic of downtown Salem. This property is a rare gem with endless potential! Inside, discover 4 townhouse-style units: Two spacious 3-bedroom units, one charming and styled 2-bedroom unit, and a 4-bedroom unit. Each unit exudes historic charm, featuring original hardwood floors, built-in china cabinets, intricate moldings, and elegant French doors. Thoughtful updates include new appliances, chic lighting fixtures, beautiful tile work, and refinished hardwood floors in two units—a perfect blend of classic elegance and modern comfort. Enjoy five off-street parking spaces, a shared fenced yard, and a basement. Whether you’re an investor adding a timeless property to your portfolio or an owner-occupant seeking a special home, this property has it all! Don’t miss your chance to own a piece of historic Salem!

Property Details

Price:
$1,499,900
MLS #:
73312820
Status:
Active
Beds:
10
Baths:
4
Address:
7 Hancock St
Type:
Multi Family
Subtype:
4 Family
City:
Salem
Listed Date:
Nov 14, 2024
State:
MA
Finished Sq Ft:
5,548
Total Sq Ft:
5,548
ZIP:
01970
Lot Size:
6,120 sqft / 0.14 acres (approx)
Year Built:
1917
Units:
4

Schools

Interior

Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator
Bathrooms
4 Full Bathrooms
Flooring
Wood, Tile, Vinyl, Carpet
Laundry Features
Washer & Dryer Hookup

Exterior

Parking Features
Paved Drive, Off Street
Parking Spots
5
Roof
Shingle, Rubber

Financial

Net Operating Income
$112,200
Tax Year
2024
Taxes
$14,159

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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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7 Hancock St
Salem, MA