Sold

19-21 Pleasant St, Salem, MA

Salem · MA 01970

$1,600,000
Price
9
Beds
5
Baths
5675
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1860
Units: 5 Units
Lot size: 5,750 Sq.Ft Lot
Price per square foot: $273 / Sq.Ft
Parking: 10 Off Street Spaces

About this home

Rare investment opportunity located at 19-21 Pleasant Street in the Salem Commons District. This 3-story residential building boosts rentable square footage of 5,675 and a total gross square footage of 8,104. 19-21 Pleasant Street presents a nice unit mix of two (2) large one-bedrooms, one (1) two-bedroom, one (1) two-bedroom plus office, and one (1) three-bedroom plus office townhome style. The property features newer gas boiler and hot water tank, updates for electrical with new panels, updated plumbing, apartment renovations (2022/23) to units 19-1 and 19-2, hardwood floors, eat-in kitchens, balconies for each unit, roof (2016/17), coin-op laundry facilities located in the basement. New parking lot (2023) was created behind the property with a total of 10 parking which is rare to find in this location. Rents are below market rates with limited availability around the Salem Commons. Great opportunity to hold as a long term and many different exit strategies due to location.

Neighborhood & Transit

19-21 Pleasant St, Salem · MA 01970

Nearby transit

Within 0.5 mile, measured straight-line to the nearest station entrance.

  • Salem Commuter Rail 1 route 0.36 mi
    • Newburyport/Rockport Line

Price Insight

Days on Market:
1087 days
Listing Price:
$1,550,000
Price per Sq.Ft:
$273
Tax Assessment:
$1,284,300 in 2023
Taxes:
$1,339 / Monthly

Home Facts

Interior Features

Bedrooms
9
Full Bathrooms
5
Half Bathrooms
0
Living Area
5,675 Sq.Ft
Broker Disclosure about Living Area
Total Gross SF 8104
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
5675
Flooring
Unknown
Lead paint
Unknown

Utilities

Heating Type
Unknown
Heating Zone
Unknown
Cooling
Unknown
Cooling Zones
Unknown
Water
Unknown
Sewer
Unknown
Electric Features
Circuit Breakers, 200 Amps

Exterior Features

Lot Size
5,750 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
0 Parking Spaces
Off Street Parking
10 Parking Spaces

Construction Details

Construction Type
Unknown
Siding
Aluminum
Roof
Unknown

Green Features

Electric Vehicle Charger
Unknown
Solar Panels
Unknown
Green Certified
Unknown
Insulation Features
Unknown
Energy Features
Unknown

Listing information

Listing agent
Sara Pouladian
Listing office
North Shore Realty Advisors
MLS PIN #
73179854
Disclosure
Units 19-1, 21-1, and 21-2 all have new lead compliance letters from 2020 , Boiler & Hot water tank 2019, Roof completed 2016/ 2017
Disclosure
Total Gross SF 8104