Sold
2 Essex St, Salem, MA
Salem · MA 01970
- $1,400,000
- Price
- 5
- Beds
- 5.5
- Baths
- 5608
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1860
Units:
6 Units
Lot size:
2,692 Sq.Ft Lot
Price per square foot:
$254 / Sq.Ft
Parking:
1 Off Street Space
About this home
Here is a rare investment opportunity located in the historic Salem Commons District. 2 Essex Street (?The Property?) is a highly sought after location within walking distance to Collins Cove, Salem Commons, Pickering Wharf, and the Salem Depot. This 4-story mixed-use property consists of (1) one commercial unit and (5) five recently renovated, residential units. The Property boasts 5,608 rentable square footage and 7,844 total square footage. All the apartments are oversized 1-bedroom units with updated kitchens, bathrooms, flooring, plumbing and electrical. 2 Essex Street offers investors an ideal blue-chip holding to add to their portfolio with a prime location and low vacancy rates with easy access to RT114, RT1A with access to RT128. Tenants are responsible for their own separately metered electric heat. The opportunity to increase rents to market exists with minimal capital.
Neighborhood & Transit
2 Essex 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:
- 1237 days
- Listing Price:
- $1,425,000
- Price per Sq.Ft:
- $254
- Tax Assessment:
- $833,100 in 2023
- Taxes:
- $869 / Monthly
Home Facts
Interior Features
- Bedrooms
- 5
- Full Bathrooms
- 5
- Half Bathrooms
- 1
- Living Area
- 5,608 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 5608
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- 220 Volts
Exterior Features
- Lot Size
- 2,692 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 1 Parking Space
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
- Dan Pouladian
- Listing office
- North Shore Realty Advisors
- MLS PIN #
- 73124028
- Disclosure
- 2 units are on one gas meter (LL pays for Hot water for these two)