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

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.

Map of 73 Essex, Salem, MA

Location Map Street View
Photo of Kathy Sutherland, Associate Broker, CREN, REALTOR
Direct: 603-345-8875
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 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: Little & Co., REALTORS®

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.