Just a short walk to the sandy shores of Salisbury Beach, this rare three-family property on Railroad Avenue offers endless possibilities for investors, developers, short-term rental operators, or owner occupants. Currently configured as three separate units, the downstairs unit offers 3 bedrooms, while each of the upstairs units feature 2 bedrooms. It also features a fenced yard as well as front and back decks — perfect for relaxing after a day at the beach. Adding to its appeal, this offering also includes the adjacent parcel at 52 Brissette Ave, currently utilized for parking. Per public records, the additional lot has potential for development, creating a unique opportunity for expansion, new construction, or increased rental income. Whether you’re looking to maximize cash flow through beachside rentals, develop multiple units, or create a one-of-a-kind seaside retreat, this property delivers both location and potential.
Sold for $720,000
$720,000
116 Railroad Ave, Salisbury, MA 01952
7beds
1,824sqft
3 Family
Built in 1957
-- sqft lot
$794,700 Zestimate®
$395/sqft
$2,817 Estimated rent
Home value
$794,700
$723,000 - $874,000
$2,817/mo
Zestimate® history
Owner options
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$2,817/mo
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$2,817/mo
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$4,458/mo
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$4,458/mo
Est. payment
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List your homeWhat's special
Front and back decksFenced yard
Zillow last checked:
Listing updated:
Listed by:
Alyson Traficante 978-857-0270,
Foundation Brokerage Group 800-983-1945
Bought with:
Magdiel Matias
Matias Realty, LLC
Source: MLS PIN,MLS#: 73439371
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
Appliances
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Living Room, Dining Room, Kitchen
- Flooring: Tile, Laminate
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,824
- Total interior livable area: 1,824 sqft
- Finished area above ground: 1,824
Property
Parking
- Total spaces: 15
- Parking features: Off Street
- Uncovered spaces: 15
Features
- Patio & porch: Porch
- Exterior features: Balcony, Outdoor Shower
- Fencing: Fenced/Enclosed,Fenced
- Waterfront features: Beach Access, Ocean, Walk to, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
Lot
- Size: 3,101 sqft
Details
- Parcel number: 2147313
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family
Materials
- Frame
- Foundation: Block
- Roof: Asphalt/Composition Shingles
Condition
- Year built: 1957
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup
Community & neighborhood
Location
- Region: Salisbury
HOA & financial
Other financial information
- Total actual rent: 0
Price history
| Date | Event | Price |
|---|---|---|
| 1/6/2026 | Sold | $720,000+2.9%$395/sqft |
Source: MLS PIN #73439371 Report a problem | ||
| 10/13/2025 | Contingent | $699,900$384/sqft |
Source: MLS PIN #73439371 Report a problem | ||
| 10/8/2025 | Price change | $699,900-16.7%$384/sqft |
Source: MLS PIN #73439371 Report a problem | ||
| 10/3/2025 | Listed for sale | $839,900$460/sqft |
Source: MLS PIN #73439371 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,253 -1.6% | $521,100 +2% |
| 2024 | $5,339 +25.9% | $510,900 +30.2% |
| 2023 | $4,239 | $392,500 |
| 2022 | $4,239 +2.9% | $392,500 +7.3% |
| 2021 | $4,120 +3.5% | $365,900 +5.4% |
| 2020 | $3,980 +7.1% | $347,300 +10.9% |
| 2019 | $3,715 +2.8% | $313,200 +2.1% |
| 2018 | $3,614 +6.8% | $306,800 +8.1% |
| 2017 | $3,383 +3% | $283,800 +0.8% |
| 2016 | $3,286 +5.3% | $281,600 +6% |
| 2015 | $3,122 +0.3% | $265,700 +0.6% |
| 2014 | $3,114 +2.4% | $264,100 |
| 2013 | $3,040 +4.3% | $264,100 -0.6% |
| 2012 | $2,916 +2.6% | $265,800 -0.6% |
| 2011 | $2,842 +7.8% | $267,400 |
| 2010 | $2,637 +5.1% | $267,400 -2.4% |
| 2009 | $2,509 -0.8% | $273,900 -8.4% |
| 2008 | $2,530 -7.5% | $299,000 -10.6% |
| 2007 | $2,735 +5.1% | $334,400 +5.2% |
| 2006 | $2,603 +4.9% | $317,800 +24.7% |
| 2005 | $2,482 +10% | $254,800 +14.9% |
| 2004 | $2,256 +1.9% | $221,800 +7% |
| 2003 | $2,214 +5.8% | $207,300 +28% |
| 2002 | $2,093 +39.3% | $162,000 +39% |
| 1997 | $1,503 | $116,578 |
Find assessor info on the county website
Neighborhood: 01952
Nearby schools
GreatSchools rating
- 6/10Salisbury Elementary SchoolGrades: PK-6Distance: 2.8 mi
- 6/10Triton Regional Middle SchoolGrades: 7-8Distance: 8.2 mi
- 6/10Triton Regional High SchoolGrades: 9-12Distance: 8.2 mi
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Estimated market value
$794,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$794,700
- Massachusetts
- Essex County
- Salisbury
- 01952
- 116 Railroad Ave
Nearby cities
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