Contingent
19 Nichols St, Salem, MA
Salem · MA 01970
- $925,000
- Price
- 9
- Beds
- 4
- Baths
- 4420
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1890
Units:
3 Units
Lot size:
2,614 Sq.Ft Lot
Price per square foot:
$209 / Sq.Ft
Parking:
4 Off Street Spaces
About this home
Fantastic opportunity to own a well-maintained, income producing three-family property in desirable Salem! The Property features spacious units and a versatile layout making it ideal for both owner-occupants and investors looking to generate rental income. The first floor offers four (4) bedrooms spanning two levels while the second floor offers three (3) large bedrooms and two (2) full bathrooms. The vacant third-floor unit features two (2) bedrooms, providing the perfect opportunity for an owner-occupant or an investor looking to secure an additional rental stream. The two occupied units currently generate $7,000 in gross monthly rental income including coin op laundry. Heat and hot water are included in the rents. Four off-street parking spaces add even more convenience and value. With generous living spaces, strong existing rental income, and a vacant unit ready for its next chapter, this is an excellent opportunity to invest in Salem's multifamily market.
Neighborhood & Transit
19 Nichols St, Salem · MA 01970
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 9 days
- Listing Price:
- $925,000
- Price per Sq.Ft:
- $209
- Tax Assessment:
- $717,200 in 2025
- Taxes:
- $650 / Monthly
Home Facts
Interior Features
- Bedrooms
- 9
- Full Bathrooms
- 4
- Half Bathrooms
- 0
- Living Area
- 4,420 Sq.Ft (Includes Basement)
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 4120
- Flooring
- Unknown
- Lead paint
- None
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 2,614 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 4 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Vinyl
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Francesca Little
- Listing office
- Little & Co., REALTORS®
- MLS PIN #
- 73594996
- Disclosure
- All information is believed to be true. Buyers to do their own due diligence. Pro Forma rent of $2400 for the vacant unit is included in the gross rental income.