Multi-Family for Sale: 1-7 Prince St, Salem, MA 01970

16 beds
8 full baths
6,656 sqft
$1,700,000
$1,700,000
1-7 Prince St, Salem, MA 01970
16 beds
8 full baths
6,656 sqft
$1,700,000
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Price:
$1,700,000

Type Multi-Family
Beds 16
Total Baths 8 full baths
Square Feet 6,656 sqft
Lot Size 0.22 acres
Year Built 1960

City Salem
County Essex

MLS 73228864
Status Pending
DOM 69 days
Investor's dream! Unlock immense potential with a total of eight 2-bedroom, 1-bath apartments in two separate 4 unit buildings situated on one parcel with 10 parking spaces in a paved lot. Separate electric. Rent includes heat/hot water. Currently, tenants are TAW, offering the chance to maximize returns as rents are currently well below market rates. Constructed in 1960, one building features an updated circuit breaker panel, recent roof replacement (2018) and updated kitchens, while the other one has newer vinyl siding (2020) but needs fuse panel and roof replacement . Insulated replacement windows in both structures, enhancing energy efficiency. Don't miss out on this potentially lucrative investment opportunity! Group Showings to well-qualified buyers on Saturday, April 27th at 11AM BY APPOINTMENT ONLY!

Lot & Building Features

Appliances Range, Refrigerator
Construction Frame
Heating Baseboard, Oil
Sewer Public Sewer
Tax Year 2024
Taxes Paid $12,804
Water Public
Foundation Concrete Perimeter
Interior Features Kitchen, Living Room
Roof Shingle
Full Baths 8
Parking Assigned, Paved Drive, Paved, Off Street
Total Rooms 32
Basement Feature Concrete, Interior Entry, Full
Garage Spaces 0
Waterfront 1/2 to 1 Mile To Beach, Beach Front

Price History of 1-7 Prince St, Salem, MA

Date Name Price Difference
04/25/2024 Listing Price $1,700,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 1-7 Prince St, Salem, MA

Location Map Street View
Photo of Jenn Poliseno
Jenn Poliseno
Realtor
Direct: 978-430-2917
Office
655 Wallis Road.
Rye, NH 03870
603-964-7000
Listed by Armstrong Field Real Estate, Team Team
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1-7 Prince St (MLS #73228864) is a multi-family listing located in Salem, MA. This multi-family listing is 6,656 sqft and on a lot of 9,740 sqft (or 0.22 acres) with 16 bedrooms, 8 baths and is 64 years old. This property was listed on 04/25/2024 and has been priced for sale at $1,700,000.

Nearby zip codes are 01907, 01915, 01923, 01945 and 01960. This property neighbors other cities such as Beverly, Danvers, Marblehead, Peabody and Swampscott.

MLS PIN

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: Armstrong Field Real Estate

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.