Sold
8 - 8 1/2 Herbert Street, Salem, MA
Salem · MA 01970
- $1,626,000
- Price
- 10
- Beds
- 9
- Baths
- 5265
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1900
Units:
9 Units
Lot size:
2,657 Sq.Ft Lot
Price per square foot:
$313 / Sq.Ft
Parking:
No Parking
About this home
Rare, 9 unit investment property for sale at a very attractive 7.1% Cap Rate. Located in the historic Derby Street area, minutes from Salem Common, Hawthorne Hotel, numerous shops and restaurants, Peabody Essex Museum, Salem Harbor, Salem Train Station and nearby beaches at Salem Willows Park, Collins Cove, Winter Island and Dead Horse Beach. The 9 units (8 one-bed and one lead compliant two-bed unit) are distributed across a 2 family and a 7 unit building. All leases are TAWs and many tenants have been there for several years. Pro-forma analysis and rent roll are available to qualified buyers. All offers must include pre-approval from lender and proof of funds. First showings to qualified buyers will be by appointment between 1 pm - 3 pm on Saturday June 5 and Sunday June 6. Face masks required.
Neighborhood & Transit
8 - 8 1/2 Herbert Street, 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:
- 1981 days
- Listing Price:
- $1,650,000
- Price per Sq.Ft:
- $313
- Tax Assessment:
- $917,000 in 2021
- Taxes:
- $1,064 / Monthly
Home Facts
Interior Features
- Bedrooms
- 10
- Full Bathrooms
- 9
- Half Bathrooms
- 0
- Living Area
- 5,265 Sq.Ft
- 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
- Circuit Breakers, Other (See Remarks), Individually Metered
Exterior Features
- Lot Size
- 2,657 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- None
Construction Details
- Construction Type
- Unknown
- Siding
- Unknown
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Kathleen Sullivan
- Listing office
- RE/MAX 360
- MLS PIN #
- 72840948