1 Prince St - Multi-Family FOR SALE


Salem, MA 01970- South Salem
$2,650,000 USD
978-973-7277
1 Prince St, Salem, MA for Sale
$2,650,000 USD
Multi-Family - FOR SALE
1/10
null | 5.77% Cap Rate

1 Prince St
Salem, MA 01970
South Salem


OVERVIEW

Turnkey 8-unit investment opportunity in Salem. The Property consists of two four-family buildings deeded together, totaling eight (8) 2-bedroom units, along with 10 off-street parking spaces. Heat and hot water are included in rent. The property has been extensively updated, featuring renovated kitchens and baths with granite countertops and stainless steel appliances, updated electrical, a new roof on the Harbor Street building, and new insulation in both attics and walls. Additional highlights include basement storage and a clean, well-maintained condition, making this an ideal opportunity for investors seeking a low-maintenance, stabilized asset with upside through future rent optimization. See attached for the OM with detailed financials.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$398 USD /SF

# OF UNITS

8

PRICE/UNIT

$331,250

CAP RATE

5.77%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1-7 Prince st & 48-54 Harbor st Salem MA

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R3

APN/PARCEL ID

SALE-000034-000000-000341

ASK ABOUT THIS PROPERTY

Francesca LittleLittle & Co., REALTORS®More Info
978-973-7277

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Francesca LittleLittle & Co., REALTORS®More Info
978-973-7277

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.