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99 North St, Salem, MA

Salem · MA 01970

$1,100,000
Price
8
Beds
3
Baths
5866
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1890
Units: 4 Units
Lot size: 4,386 Sq.Ft Lot
Price per square foot: $170 / Sq.Ft
Parking: 6 Off Street Spaces

About this home

Here's your chance to invest in a prime piece of real estate poised to generate substantial income and build wealth over time. This highly visible commercial building is situated on a coveted corner lot, just half a mile from the communal rail, offering both convenience and high foot traffic. This mixed-use building features two four-bedroom residential units and two retail spaces, with a projected monthly gross income of $14,040 and a net of $90,322 annually. Located minutes from historical sites, top restaurants, shops, and Salem Harbor, this property is in the heart of a thriving community. Enjoy high foot traffic and excellent exposure, making it ideal for both residential and commercial tenants. Invest in this gem and secure a steady income stream in a vibrant, growing market. Residential rentals well below housing guidelines

Neighborhood & Transit

99 North St, Salem · MA 01970

Nearby transit

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

  • Salem Commuter Rail 1 route 0.26 mi
    • Newburyport/Rockport Line

Price Insight

Days on Market:
837 days
Listing Price:
$999,000
Price per Sq.Ft:
$170
Tax Assessment:
$843,600 in 2024
Taxes:
$817 / Monthly

Home Facts

Interior Features

Bedrooms
8
Full Bathrooms
2
Half Bathrooms
2
Living Area
5,866 Sq.Ft
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
5866
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

Exterior Features

Lot Size
4,386 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
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
Debra Lovelace
Listing office
Churchill Properties
MLS PIN #
73267089