Multi-Family for Sale: 73 Essex, Salem, MA 01970 SOLD

8 beds
2 full, 1 half baths
3,359 sqft
$1,200,000
$1,200,000
73 Essex, Salem, MA 01970 SOLD
8 beds
2 full, 1 half baths
3,359 sqft
$1,200,000
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Selling Price: $1,200,000
Original List Price: $1,300,000
Sold at 92.3% of list price
Sold Date: 09/27/2024

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Type Multi-Family
Beds 8
Total Baths 2 full, 1 half baths
Square Feet 3,359 sqft
Lot Size 0.26 acres
Year Built 1850
City Salem
County Essex
MLS 73273671
Status Closed
DOM 53 days
Discover a fantastic investment opportunity with this beautiful two-family home conveniently located near Salem’s vibrant shops, restaurants, and cultural attractions. Enjoy easy access to public transportation and major roadways, making this property a highly desirable location for tenants and homeowners alike. The first-floor unit boasts high ceilings, a recently renovated kitchen and bath, radiant floor heating, and modern appliances. The second floor offers two comfortable bedrooms and a newer kitchen. The partially finished third floor adds versatility with its four additional rooms. Set on a generous quarter acre lot with potential for significant expansion, this property combines contemporary upgrades with future growth possibilities. Enjoy the benefits of passive income with the potential for strong rental yields from the well-maintained units. Current owners have been using the second floor unit as a Airbnb grossing 50k/year.

Lot & Building Features

Appliances Dishwasher, Washer, Refrigerator, Range, Dryer
Heating Natural Gas
Sewer Public Sewer
Tax Year 2024
Taxes Paid $9,089
Water Public
Foundation Brick/Mortar, Stone
Interior Features Kitchen, Living Room
Roof Rubber, Shingle
Full Baths 2
Half Baths 1
Parking Off Street
Total Rooms 13
Garage Spaces 0
Waterfront 1/2 to 1 Mile To Beach, Ocean, Beach Ownership(Public), Beach Front
Waterview Harbor, Public, Ocean

Price History of 73 Essex, Salem, MA

Date Name Price Difference
08/05/2024 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.

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Photo of Diane Bitsack
Direct: 603-493-1592
Office
PO Box 101
Merrimack, NH 03054
603-787-3155
Listed by Little & Co., REALTORS®, Francesca Little
Sold by Ivy Realty Group, Amy Frizzi
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Listing information courtesy of: Little & Co., REALTORS®

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