Salem MA Real Estate

MLS Number 72729886

• Multi-Family 5-9 Family
• Bedrooms 22
• Year Built 1913

Rare investment opportunity to obtain an over-sized nine (9) unit brick multi-family between Salem State University and downtown Salem. The property has undergone renovation and updating over the past year. The property consist of Three (3) 4bedroom apts, Four (4) 2bedroom apts, and two (2) 1bedroom apts as well as a newly paved parking lot for the residence and 8 bay garages for additional income. Each unit has lead certificates and the tenants have their own metered utilities. The subject property is ideally located just off Lafayette Street and less than 1-mile from Salem Depot Commuter Rail Station. This opportunity is available at a rare 7.9% capitalization rate and would make for the perfect 1031 exchange or simply a buy/hold strong cash flowing asset.

Listed by Dan Pouladian and Brian DApice of The Mega Group

MLS Number 72723784

• Commercial
• Year Built 1930

Rare opportunity to acquire a waterfront restaurant property mid-renovation. The design work is completed to transform this local landmark into a trophy waterfront restaurant. Previously this restaurant has been a single level, plans are now complete to move the prep kitchen, restrooms, office, storage, employee space & a large service window for the patio downstairs, leaving the upstairs as dining, open kitchen, private dining/ small functions & bar, with extensive outdoor seating on wraparound decks to enjoy the views. There is a tidal dock on the water that facilitates dockside pickup & adds additional ambiance. The design is fully compliant, no variances required! This sale includes a full liquor license, there are currently no more available in Salem. Designs for the rooftop include an eco-friendly green roof with a vegetable & herb garden, it has the possibility to be a rooftop deck for patrons with additional ADA compliance. Interior has been gutted to make way for renovations.

Listed by Janet Faulkner and Faulkner Commercial Group of Keller Williams Realty

MLS Number 72713882

• Multi-Family 2 Family
• Bedrooms 4
• Year Built 1850

PACKAGE DEAL! Well maintained Two Family and Existing Auto Repair Business set on a corner lot in the Derby Street neighborhood. 3 Hardy Street features 2 spacious, updated units with an unfinished 3rd floor. Each unit has 5 rooms, 2 bedrooms, full bath, and in unit laundry. Outside there is a fenced in yard. Being sold with 43 Essex Street, a long standing, existing auto repair business with a proven reputation! Current licenses include but are not limited to: Auto Repair, Used Car, Welding, Motor Fuel, Storage for Flammables, DPU Special Permit for towing. There are 2 Auto Repair bays on the first floor. Upstairs there are 2 offices, bathroom, and an unfinished 3rd floor for future expansion. UNBEATABLE LOCATION - within walking distance to Salem's downtown, shops, restaurants, museums, commuter rail, ferry, and historic waterfront.

Listed by Julie Darcangelo of Coldwell Banker Realty

MLS Number 72708362

• Multi-Family 5-9 Family
• Bedrooms 5
• Year Built 1930

Turnkey 5 unit building with off street parking for each unit. Fully occupied, the annual income is 83,400. Property has low maintenance siding, separate entrances for most units which tenants desire and a landscaped rear yard. Location is a 2 minute walk to Salem State University.. Showings limited and by appointment. Covid-19 protocol adhered to. Income, expenses and tenant information provided on the attachment.

Listed by John Schwagerl & Scott Twadelle, John C. Schwagerl and Scott Twadelle of RCG Properties

MLS Number 72702130

• Multi-Family 4 Family - 4 Units Side by Side
• Bedrooms 8
• Year Built 1915

This rare four family is a great investment property or your next/1031 exchange! It has a fabulous location. It's centrally located to Pickering Wharf, waterfront, museums, shops , stores, restaurants, commuter rail and Salem State University. They are all minutes away. This multi family property boast 20 rooms, 8 bedrooms, and 4 full baths in these spacious 5 room units, with 4118 square feet of total living area. The units all have individual gas and electric meters per unit. The apartments have hardwood floors and pantries in each unit, and individual storage units in the basement. They are all separate furnaces and hot water tanks, and have been replaced in the last couple of years as well. There is a washer dryer hook up in the basement also. The units are fully occupied and they are tenants at will. These rents are currently below market value. So set up your appointment today, 24 to 48 hours needed to schedule showings with tenants.

Listed by Anthony Verdone of Century 21 North East

MLS Number 72714167

• Commercial
• Year Built 1920

Location! Location! Location! Excellent exposure for this unique commercial site. Located on Route 107 Near Malls, restaurants and New Developments Come bring your Ideas to this flexible floor plan Plenty of Parking, Newer Heat , hot water, electric and Roof, Exterior is Vinyl Siding

Listed by Richard Powers of Toner Real Estate, LLC

MLS Number 72719048

• Single Family Detached
• Bedrooms 4
• Square Feet 1,910

Wake up to breathtaking sunrises and spectacular panoramic dazzling harbor views. This waterfront haven is just steps to the beach and features fireplaced living room, spacious family room, 4 bedrooms , 2 baths, garage and 2 large verandas . The property is right across from the water and minutes to the train and ferry to Boston.. Sip cocktails or coffee from your expansive 30 by 8 deck, host a seaside BBQ, launch your kayak, swim, fish or relax on the beach. Collins Cove is a neighborhood grounded in history and buzzing with energy and excitement. Treat yourself to the ocean breezes , relax and vacation year round.

Listed by Merry Fox Team, Betsy Merry and Stephen O'Connell of Merry Fox Realty

MLS Number 72727272

• Multi-Family 4 Family - 4 Units Side by Side
• Bedrooms 5
• Year Built 1915

Attention Smart Investors! Turnkey four family with three one-bedroom units and one studio. One unit vacant to make it easier to show and also for an owner-occupant buyer if desired. Low maintenance required to obtain gross income of $63,210 annually. Property offers tenants very desirable individual unit entrances and a laundry room in the basement. Driveway offers off-street parking for two cars tandem. Located within walking distance to Salem State College or downtown Salem and future Canal Street transportation upgrades including bike path. Also a short drive to Vinnin Square shopping, all desirable reasons for tenants to live here. Showings limited to prequalified buyers by appointment.

Listed by John Schwagerl & Scott Twadelle, John C. Schwagerl and Scott Twadelle of RCG Properties