$1,999,000

House for sale Salem
Property photo number 1 of 16 Photos for Property. File 105725353_29_4e2c5c77818c19cd8d9cb0bba064faee.jpeg

Overview

SUMMARY: Discover an opportunity with this Salem house for sale and available for $1,999,000. This could be your next ideal home or a smart investment. More details await.
NEW PRICE!!! 9.81% CAP RATE $250K+ GROSS INCOME $196K+ NOI 6 UNITS / 20 BEDROOMS! Exceptional opportunity to acquire a strong cash-flowing 6-unit multifamily in desirable Salem. Featuring an attractive unit mix of two spacious 4-bedroom units and four 3-bedroom units, the property generates approximately $250K in gross annual income with an estimated $196K NOI. Additional income from on-site laundry and storage, with further upside through future rent optimization and operational efficiencies. Convenient access to Boston via MBTA Commuter Rail and close to Salem's vibrant downtown, waterfront, restaurants, shopping, and entertainment. Newly repositioned at $1.999M, offering a compelling 9.81% cap rate, strong in-place income, immediate cash flow, and long-term upside potential.
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Details

  • Beds: 20
  • Baths: 6
  • Price: $1,999,000
  • Reference No.: 96306196
  • Area: 7,044 sqft

Location

Marketed by:

  • Elsa Liu
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