395 Essex St - Multi-Family FOR SALE


Salem, MA 01970- South Salem
$2,100,000 USD
978-973-7277
395 Essex St, Salem, MA for Sale
$2,100,000 USD
Multi-Family - FOR SALE
1/19
null | 5.32% Cap Rate

395 Essex St
Salem, MA 01970
South Salem


OVERVIEW

Located in Salem's prestigious McIntire District, this remarkable six-family Georgian Colonial, built circa 1735, presents a rare opportunity to own a significant piece of the city's architectural history. The Property consists six (6) residential units comprised of four (4) one-bedroom apartments, one (1) two-bedroom apartment, and one (1) studio.The Essex Street-facing apartments showcase an extraordinary collection of original period details, including King George flooring, five working fireplaces, and the timeless craftsmanship that defines early New England architecture. Each unit is separately metered for gas and electric, with tenants responsible for their own utilities. The gas heating systems have all been recently updated along with many of the kitchens and baths. Please see attached PDF for a rent roll and expenses.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$403 USD /SF

# OF UNITS

6

PRICE/UNIT

$350,000

CAP RATE

5.32%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

395 Essex St Salem MA

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1789

PARKING SPACES

6

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

B1

APN/PARCEL ID

SALE-000025-000000-000201

ASK ABOUT THIS PROPERTY

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

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

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