Sold
18 Peabody St, Salem, MA
Salem · MA 01970
- $790,000
- Price
- 9
- Beds
- 3
- Baths
- 3234
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1915
Units:
3 Units
Lot size:
1,559 Sq.Ft Lot
Price per square foot:
$247 / Sq.Ft
Parking:
No Parking
About this home
Attention Investors take a look at this rare opportunity located at 18 Peabody Street in downtown Salem. This oversized brick 3-story residential building boasts a total square footage of 4,312 with a rentable square footage of 3,234. The property consists of three (3) Three-bedroom stacked units. All units are separately metered for both gas heat, forced air and electrical. This opportunity includes $180,000 in State Historic Tax Credit awards as well as Federal Historic Tax Credits equal to 20% of the renovation costs. The tax credits directly correlate with final renovation costs and required compliance with Massachusetts Historic design standards. 18 Peabody Street is ideally located in downtown Salem and in close proximity to Lafayette Street and Derby Street which is the main corridor for downtown. The property will be delivered vacant making this an ideal situation for a developer/investor to commence work immediately.
Neighborhood & Transit
18 Peabody St, Salem · MA 01970
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
-
Salem Commuter Rail 1 route 0.47 mi
- Newburyport/Rockport Line
Price Insight
- Days on Market:
- 1100 days
- Listing Price:
- $799,900
- Price per Sq.Ft:
- $247
- Tax Assessment:
- $573,700 in 2023
- Taxes:
- $598 / Monthly
Home Facts
Interior Features
- Bedrooms
- 9
- Full Bathrooms
- 3
- Half Bathrooms
- 0
- Living Area
- 3,234 Sq.Ft
- Broker Disclosure about Living Area
- Total Gross 4,312
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 3234
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- 150 Amps
Exterior Features
- Lot Size
- 1,559 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- None
Construction Details
- Construction Type
- Unknown
- Siding
- Brick
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Dan Pouladian
- Listing office
- North Shore Realty Advisors
- MLS PIN #
- 73175570
- Disclosure
- Property to be delivered vacant, $180,000 in State Historic Tax Credit awards as well as Federal Historic Tax Credits equal to 20% of the renovation costs.
- Disclosure
- Total Gross 4,312