Prime Investment Opportunity in Salem! This meticulously maintained 3-family property has been cared for by the same family for generations. Featuring two (2) 2-Bedroom, 1-Bathroom units and one (1) 3-Bedroom, 1-Bathroom unit, this property offers lucrative investment potential. Eight off street parking spots creates the option for added monthly income. All tenants are responsible for their own heat/hw and electric and rents are well below market value. This property can be sold as a package with 2 Chase st and 199-201 Lafayette st to create a 12 unit portfolio with a total of 12 off street parking spots. See attached for income/expenses and rent projections.
Sold for $1,000,000
$1,000,000
4 Chase St, Salem, MA 01970
7beds
3,420sqft
3 Family - 3 Units Up/Down
Built in 1915
-- sqft lot
$1,074,000 Zestimate®
$292/sqft
$3,370 Estimated rent
Home value
$1,074,000
$999,000 - $1.16M
$3,370/mo
Zestimate® history
Owner options
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$3,370/mo
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$3,370/mo
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$6,185/mo
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Zillow last checked:
Listing updated:
Listed by:
Francesca Little 978-973-7277,
Little & Co., REALTORS® 978-745-4447,
Francesca Little 978-973-7277
Bought with:
Johnny Long
PRIVI Realty LLC
Source: MLS PIN,MLS#: 73210747
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air, Natural Gas
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 3,420
- Total interior livable area: 3,420 sqft
Property
Parking
- Total spaces: 8
- Parking features: Off Street
- Uncovered spaces: 8
Lot
- Size: 7,279 sqft
- Features: Other
Details
- Parcel number: 2136045
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family - 3 Units Up/Down
Materials
- Frame
- Foundation: Concrete Perimeter
- Roof: Shingle
Condition
- Year built: 1915
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Public Transportation
Location
- Region: Salem
HOA & financial
Other financial information
- Total actual rent: 5805
Price history
| Date | Event | Price |
|---|---|---|
| 5/14/2024 | Sold | $1,000,000+5.3%$292/sqft |
Source: MLS PIN #73210747 Report a problem | ||
| 3/11/2024 | Listed for sale | $950,000$278/sqft |
Source: MLS PIN #73210747 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,209 +19.3% | $812,100 +22.2% |
| 2024 | $7,721 +3.3% | $664,500 +11.2% |
| 2023 | $7,476 | $597,600 |
| 2022 | $7,476 +4.6% | $597,600 +15.3% |
| 2021 | $7,150 +5.1% | $518,100 +10% |
| 2020 | $6,805 +1% | $470,900 +5.5% |
| 2019 | $6,738 +10.2% | $446,200 +12.3% |
| 2018 | $6,112 +7.6% | $397,400 +11% |
| 2017 | $5,678 +2.8% | $358,000 +1.6% |
| 2016 | $5,521 +2.9% | $352,300 +7.7% |
| 2015 | $5,366 +9.2% | $327,000 +11.3% |
| 2014 | $4,914 +7.9% | $293,700 +0.8% |
| 2012 | $4,555 +1.6% | $291,400 -2.2% |
| 2011 | $4,485 -2.9% | $298,000 -9.6% |
| 2010 | $4,620 -2.3% | $329,800 -9.9% |
| 2009 | $4,727 +2.4% | $365,900 -7.5% |
| 2008 | $4,617 +0.9% | $395,600 -6.9% |
| 2007 | $4,577 +4.9% | $425,000 +9.2% |
| 2006 | $4,364 +4% | $389,300 +5.6% |
| 2005 | $4,195 +11.3% | $368,600 +14.5% |
| 2004 | $3,768 +17.8% | $321,800 +29.5% |
| 2003 | $3,198 +6.7% | $248,500 +12.2% |
| 2002 | $2,996 +41.7% | $221,400 +58.8% |
| 1999 | $2,115 +29.3% | $139,400 +7.8% |
| 1994 | $1,636 | $129,300 |
Find assessor info on the county website
Neighborhood: 01970
Nearby schools
GreatSchools rating
- 5/10Carlton Elementary SchoolGrades: K-5Distance: 0.6 mi
- 5/10Saltonstall SchoolGrades: K-8Distance: 0.7 mi
- NASalem Prep High SchoolGrades: 9-12Distance: 0.1 mi
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Estimated market value
$1,074,000
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
$1,074,000
- Massachusetts
- Essex County
- Salem
- 01970
- 4 Chase St
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