Sold for $1,197,000

$1,197,000

11 Hancock St, Salem, MA 01970

4beds

2,974sqft

4 Family

Built in 1917

-- sqft lot

$-- Zestimate^®

$402/sqft

$-- Estimated rent

Home value

Not available

Estimated sales range

Not available

Zestimate^® history

Owner options

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$7,374/mo

Est. payment

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$7,374/mo

Est. payment

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What's special

Hardwood floorsAbundant natural light

This well-maintained four-family property consists of four 1-bedroom units, perfectly situated near Salem's commuter rail and Salem State University. Each unit features hardwood floors and abundant natural light. The property includes on-site laundry and off-street parking, rare amenities in this sought-after area.Located just minutes from Salem’s historic downtown, with its rich culture, dining, and entertainment options. With stable rental income and significant potential for growth, this property is an investor's dream. The proximity to major transportation and educational hubs ensures consistent demand year-round. Don't miss your chance to own this exceptional investment in one of Salem’s most desirable locations.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4
Full bathrooms: 4

Heating

Natural Gas

Cooling

Window Unit(s)

Features

Living Room, Kitchen
Basement: Full,Interior Entry
Has fireplace: No

Interior area

Total structure area: 2,974
Total interior livable area: 2,974 sqft

Property

Parking

Total spaces: 5
Parking features: Assigned
Uncovered spaces: 5

Lot

Size: 3,707 sqft
Features: Corner Lot

Details

Parcel number: M:33 L:0265,2134819
Zoning: R2

Construction

Type & style

Home type: MultiFamily
Property subtype: 4 Family

Materials

Frame
Foundation: Stone
Roof: Slate

Condition

Year built: 1917

Utilities & green energy

Electric: Circuit Breakers, 200+ Amp Service, Individually Metered
Sewer: Public Sewer
Water: Public

Community & neighborhood

Community

Community features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat

Location

Region: Salem

HOA & financial

Other financial information

Total actual rent: 3900

Price history

Date	Event	Price
1/22/2025	Sold	$1,197,000+1.9%$402/sqft
Source: MLS PIN #73294342 Report a problem
11/25/2024	Contingent	$1,175,000$395/sqft
Source: MLS PIN #73294342 Report a problem
11/4/2024	Price change	$1,175,000-2.1%$395/sqft
Source: MLS PIN #73294342 Report a problem
9/25/2024	Listed for sale	$1,199,900$403/sqft
Source: MLS PIN #73294342 Report a problem