Incredible investment opportunity in the most desired area of Salem. This large three family home has 2 two bedroom units with 1 bathroom each and one 5 bedroom unit with 2.5 bathrooms and laundry in unit. Units 1 and 2 are made up of mostly hardwood floors with some vinyl. Unit 3 also has a combination of hardwood and vinyl as well as some carpet throughout. Unit 2 which will be delivered vacant has recently been updated with stainless steel appliances, granite countertops and additional upgrades in the bathroom. Units 1 and 3 have exclusive deck space and all three units have off street parking. All utilities and systems are separated. With collins cove and park located at the end of the street, the Salem Common around the corner and commuter rail close by, this is an unbeatable property perfect for either an owner occupant or an investor looking to add to their portfolio. Join us for the open houses Thursday 9/12 from 5-7, Saturday 12-2 or Sunday 12-2pm.
Sold for $1,195,000
$1,195,000
23 Arbella St, Salem, MA 01970
9beds
3,782sqft
3 Family
Built in 1880
-- sqft lot
$1,189,100 Zestimate®
$316/sqft
$3,224 Estimated rent
Home value
$1,189,100
$1.12M - $1.27M
$3,224/mo
Zestimate® history
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$7,475/mo
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Zillow last checked:
Listing updated:
Listed by:
Farrar Realty Group 978-578-3448,
Atlantic Coast Homes,Inc 978-777-4444
Bought with:
Steven Belesis
Citylight Homes LLC
Source: MLS PIN,MLS#: 73287949
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Features
- Flooring: Vinyl, Carpet, Hardwood
- Basement: Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 3,782
- Total interior livable area: 3,782 sqft
Property
Parking
- Total spaces: 7
- Parking features: Paved Drive, Off Street
- Uncovered spaces: 7
Features
- Patio & porch: Deck
- Exterior features: Professional Landscaping
- Has view: Yes
- View description: Water, Ocean
- Has water view: Yes
- Water view: Ocean,Water
- Waterfront features: Ocean, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
Lot
- Size: 5,401 Square Feet
- Features: Level
Details
- Parcel number: M:36 L:0394,2137535
- Zoning: R2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family
Materials
- Frame
- Foundation: Stone
- Roof: Shingle
Condition
- Year built: 1880
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, House of Worship, Public School, T-Station, University
Location
- Region: Salem
Financial & listing details
- Price per square foot: $316/sqft
- Tax assessed value: $765,600
- Annual tax amount: $8,896
- Date on market: 1/14/2026
- Total actual rent: 8600
Price history
| Date | Event | Price |
|---|---|---|
| 10/11/2024 | Sold | $1,195,000+1.4%$316/sqft |
Source: MLS PIN #73287949 Report a problem | ||
| 9/18/2024 | Contingent | $1,179,000$312/sqft |
Source: MLS PIN #73287949 Report a problem | ||
| 9/10/2024 | Listed for sale | $1,179,000+162%$312/sqft |
Source: MLS PIN #73287949 Report a problem | ||
| 4/5/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 3/19/2023 | Listed for rent | $2,500$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/22/2007 | Sold | $450,000+63.6%$119/sqft |
Source: Public Record Report a problem | ||
| 11/25/1998 | Sold | $275,000+150%$73/sqft |
Source: Public Record Report a problem | ||
| 5/15/1989 | Sold | $110,000$29/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,659 +8.6% | $851,800 +11.3% |
| 2024 | $8,896 +3.3% | $765,600 +11.3% |
| 2023 | $8,608 | $688,100 |
| 2022 | $8,608 +3.9% | $688,100 +14.6% |
| 2021 | $8,288 +8.1% | $600,600 +13.2% |
| 2020 | $7,667 +0.7% | $530,600 +5.3% |
| 2019 | $7,612 +10.6% | $504,100 +12.6% |
| 2018 | $6,883 +6.8% | $447,500 +10.1% |
| 2017 | $6,446 +2.4% | $406,400 +1.2% |
| 2016 | $6,293 +2.8% | $401,600 +7.7% |
| 2015 | $6,121 +13.2% | $373,000 +15.4% |
| 2014 | $5,409 +9.6% | $323,300 +2.4% |
| 2012 | $4,936 +3.3% | $315,800 -0.5% |
| 2011 | $4,777 -3.1% | $317,400 -9.8% |
| 2010 | $4,932 -7.1% | $352,000 -14.4% |
| 2009 | $5,310 +3.7% | $411,000 -6.4% |
| 2008 | $5,123 -2.3% | $439,000 -9.8% |
| 2007 | $5,244 +4.7% | $486,900 +9% |
| 2006 | $5,008 +3.1% | $446,700 +4.6% |
| 2005 | $4,859 +2.9% | $427,000 +5.9% |
| 2004 | $4,723 +30% | $403,300 +42.8% |
| 2003 | $3,634 +7.7% | $282,400 +13.2% |
| 2002 | $3,374 +44.2% | $249,400 +61.7% |
| 1999 | $2,339 +32.8% | $154,200 +10.8% |
| 1994 | $1,761 | $139,200 |
Find assessor info on the county website
Neighborhood: 01970
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Nearby schools
GreatSchools rating
- 5/10Carlton Elementary SchoolGrades: K-5Distance: 0.2 mi
- 5/10Saltonstall SchoolGrades: K-8Distance: 1 mi
- NASalem Prep High SchoolGrades: 9-12Distance: 0.5 mi
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Estimated market value
$1,189,100
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
$1,189,100
- Massachusetts
- Essex County
- Salem
- 01970
- 23 Arbella St
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