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4 Chase

Salem, MA 01970

7 beds
3 baths
3,420 sqft
7,279 sqft lot
$292 per sqft
1915 build
– on site

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Prime Investment Opportunity in Salem! This meticulously maintained 3-family property has been cared for by the same family for generations. Featuring two (2) 2-Bedroom, 1-Bathroom units and one (1) 3-Bedroom, 1-Bathroom unit, this property offers lucrative investment potential. Eight off street parking spots creates the option for added monthly income. All tenants are responsible for their own heat/hw and electric and rents are well below market value. This property can be sold as a package with 2 Chase st and 199-201 Lafayette st to create a 12 unit portfolio with a total of 12 off street parking spots. See attached for income/expenses and rent projections.

Listing courtesy of MLSPIN / Francesca Little / Little & Co., REALTORS®

Last checked: Checking… • Last updated Jun 4, 2024 •

MLS# 73210747 —

The Building

Year Built:

1915
Year Built Details:

Approximate
Year Built Source:

Public Records
Construction Materials:

Frame
Roof:

Shingle
Foundation Details:

Concrete Perimeter
Stories Total:

6
# of Units Total:

3
Building Area Total:

3420
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Rooms Total:

12
Fireplace:

false

Room Dimensions

Living Area:

3420

Location

Directions:

Please use GPS
Latitude:

42.52351
Longitude:

-70.895234

The Property

Parcel Number:

2136045
Property Type:

Residential Income
Property Subtype:

3 Family - 3 Units Up/Down
Lot Features:

Other
Lot Size Units:

Acres
Lot Size Area:

0.17
Lot Size SqFt:

7279
Lot Size Acres:

0.17
Zoning:

R3
Water View:

No
Waterfront:

false
Farm Land Area Units:

Square Feet

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Book Number:

10798
Tax Annual Amount:

7600
Tax Assessed Value:

664500

Beds

Bedrooms Total:

7

Baths

Total Baths:

3
Total Baths:

3
Full Baths:

3

The Listing

Home Warranty:

false
Sub Agency Relationship Offered:

No

Heating & Cooling

Heating:

Forced Air
Heating:

true

Utilities

Electric:

100 Amp Service
Sewer:

Public Sewer
Water Source:

Public

The Community

Senior Community:

false
Community Features:

Public Transportation
Spa:

false

Parking

Garage:

false
Parking Total:

8
Parking Features:

Off Street

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
5/14/24 May 14, 2024	Sold	MLSPIN	$1,000,000	5.3%
3/21/24 Mar 21, 2024	Pending	MLSPIN	$950,000
3/11/24 Mar 11, 2024	Listed / Active	MLSPIN	$950,000

Multifamily Sold on 5/14/2024

$1,000,000

Listing provided by broker:

Francesca Little

Little & Co., REALTORS®

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Listing Courtesy of: MLSPIN and Little & Co., REALTORS®.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) 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., Estately and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Users may not reproduce or redistribute the data found on this site. The data is for viewing purposes only. All information provided is deemed reliable but is not guaranteed by Estately or MLSPIN and should be independently verified.

4 Chase

Salem, MA 01970