Multi-Family for Sale: 255 Jefferson Ave, Salem, MA 01970 SOLD

7 beds
4 full baths
3,521 sqft
$1,200,000
$1,200,000
255 Jefferson Ave, Salem, MA 01970 SOLD
7 beds
4 full baths
3,521 sqft
$1,200,000
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Selling Price: $1,200,000
Original List Price: $1,250,000
Sold at 96.0% of list price
Sold Date: 02/14/2024

Type Multi-Family
Beds 7
Total Baths 4 full baths
Square Feet 3,521 sqft
Lot Size 0.15 acres
Year Built 1890

City Salem
County Essex

MLS 73190503
Status Closed
DOM 42 days
A true cash cow next to Salem State University, 1 mile to downtown Salem & Commuter Rail, 1/2 mile to Salem High School, HMLS elementary and local amenities. Seller has done extensive updating. All units have in-unit laundry and share generous 8 car parking. Three 2 bedroom units and a townhouse style 1 bedroom unit. Two of the 2 bedroom units are renovated (2023), one was updated (2019). This is entirely turn-key. Unit 1 rented at $2400, unit 2 at $2600, unit 3 at 2600 and a 1 bedroom rented at $2150. 117k gross annual income. Two car parking for each unit.

Lot & Building Features

Appliances Utility Connections for Gas Range, Utility Connections for Electric R, Utility Connections for Electric D
Construction Frame
Sewer Public Sewer
Tax Year 2023
Taxes Paid $9,740
Water Public
Foundation Stone
Exterior Features Porch, Patio, Balcony
Roof Shingle
Full Baths 4
Parking Assigned, Paved Drive, Off Street
Total Rooms 14
Basement Feature Full
Garage Spaces 0
Waterfront 1 to 2 Mile To Beach, Harbor, Beach Ownership(Public), Beach Front

Community and Schools

Elementary School Hmls
Junior High School Collins
Senior High School Salem

Price History of 255 Jefferson Ave, Salem, MA

Date Name Price Difference
01/03/2024 Listing Price $1,200,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 255 Jefferson Ave, Salem, MA

Location Map Street View
Photo of Sue Diggins
Direct: 603-361-8254
Office
PO Box 101
Merrimack, NH 03054
603-787-3155
Listed by Atlantic Coast Homes,Inc, Dan Bernal
Sold by Coldwell Banker Realty - Westwood, Altin Shishko
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Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Atlantic Coast Homes,Inc

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.