Sold

49 Essex St, Salem, MA

Salem · MA 01970

$860,000
Price
8
Beds
4
Baths
4211
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1870
Units: 3 Units
Lot size: 3,751 Sq.Ft Lot
Price per square foot: $166 / Sq.Ft
Parking: 6 Off Street Spaces

About this home

Great Investment Opportunity: This versatile 3+ family offers the chance to live in a very large unit and enjoy a good income stream as well; or keep as an investment in an area that commands high rents; or consider the potential for future condominium conversion. Well located in desirable historic Derby Street and waterfront neighborhoods, property is currently being used as 4-units. Buyer to perform own due diligence with respect to permitting for usage. Many unique features including beautiful fireplaces and architectural details have been preserved; wood floors, high ceilings and spacious rooms. Property has 4+ car parking, patio, porches and gardening areas. Limited information available as this is part of an estate; thus many details are approximate. Fully tenanted (most TAW) with below market rents with tenants to remain with sale. Property is in need of significant rehab and being sold in as is condition. First showing access to 1 unit and basement to pre-approved buyer.

Neighborhood & Transit

49 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:
1637 days
Listing Price:
$700,000
Price per Sq.Ft:
$166
Tax Assessment:
$570,900 in 2022
Taxes:
$630 / Monthly

Home Facts

Interior Features

Bedrooms
8
Full Bathrooms
4
Half Bathrooms
0
Living Area
4,211 Sq.Ft
Broker Disclosure about Living Area
Approximate - buyer to perform due diligence
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
Unknown
Flooring
Unknown
Lead paint
Unknown

Utilities

Heating Type
Unknown
Heating Zone
Unknown
Cooling
Unknown
Cooling Zones
Unknown
Water
Unknown
Sewer
Unknown
Electric Features
Unknown

Exterior Features

Lot Size
3,751 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
0 Parking Spaces
Off Street Parking
6 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
Judith Zissulis
Listing office
Keller Williams Realty Evolution
MLS PIN #
72951832
Disclosure
Property to be sold in as is condition, tenants to remain
Disclosure
Approximate - buyer to perform due diligence