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19 Nichols 01970, Salem

$925,000

For Sale

4420 SqFt

Size

9

Bedrooms

4

Bathrooms

73594996

Property Id

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Description

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.

Address

Address19 Nichols 01970 Salem, MA
CountryUS
Property Type

Residential Income

Property Class

ResidentialProperty

Style

3 Family

Transaction Type

Sale

Year Built

1890

Total Rooms

14

Bedrooms

9

Bathrooms (Full)

4

Square Feet

4,420 sqft

Lot Size

2,614 sqft

Heating

Natural Gas

Parking

4

Total Rooms

14

Bedrooms

9

Full Bathrooms

4

Heating

Natural Gas

Basement

Full, Finished

List Price

$925,000

Original Price

$925,000

Price per Sqft

$209

Annual Property Taxes

$7,797

Tax Assessment Year

2025

Monthly Tax Estimate

$650

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