NOT LISTED FOR SALE

15 Leach St Salem, MA 01970

South Salem Neighborhood
18 Beds
6 Baths
6,561 Sq Ft
10,019 Sq Ft Lot

Last Sold September 18, 2019

Last sale price $1,485,000 $226 Per Sq Ft

7 Days on Market

About This Home

As of September 2019

Rare Offering 15 Leach Street in Salem Massachusetts. Location is right between the historic downtown district and Salem State University. The subject property is six (6) units with off street parking spaces for twelve (12) vehicles. All units are very large three-bedrooms apartments with one-bathroom, replacement windows and all have their own lead compliance certifications. The tenants pay for their own heat and electric and the landlord pays for hot water. The basement consists of one (1) hot water tank and six (6) natural gas boilers, the hot water heater is less than one-year old. Detached from the apartment building is a six (6) bay garage which can also create additional income. 15 Leach Street is ideally located just off Lafayette Street, and is 1-mile from the Salem Depot Commuter Rail Station. This opportunity represents a going in CAP Rate of 7.2% which makes this an ideal opportunity for any investor looking to be in a strong historic Salem Market

Last Agent to Sell the Property

Dan Pouladian

North Shore Realty Advisors Listed on: 07/22/2019

Last Buyer's Agent

Domenica Giordano

Century 21 North East

Century 21 North East

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 10,019

Parking

  • 6 Car Garage

Flooring

  • Wood
  • Tile

Additional Features

  • Screened Porch
  • Rain Gutters
  • Oil Water Heater
  • Basement

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Parking

6

Listing Details

  • Property Type: Multi-family
  • Other Agent: 1.00
  • Insc: 4000
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 232.43
  • Comp Based On: Net Sale Price
  • Year Built: 1925
  • Lead Paint: Certified Treated
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1925

Interior Features

  • Flooring: Tile, Hardwood
  • Total Flrs: 9
  • No Bedrooms: 18
  • Total Brs: 18
  • Full Bathrooms: 6
  • Total Fbh: 6
  • No Rooms: 25
  • Basement: Y
  • Basement Features: Full, Interior Access
  • Main Lo: C99946
  • Main So: AN4339
  • Estimated Sq Ft: 6561.00

Exterior Features

  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Vinyl
  • Exterior Features: Porch - Enclosed, Porch - Screened, Gutters
  • Foundation: Fieldstone, Brick

Garage/Parking

  • Parking Feature: Off-Street, Assigned
  • Parking Spaces: 12
  • Garage Spaces: 6

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric: 840
  • Sewer: 2700
  • Electric Features: 220 Volts, Circuit Breakers
  • Heat Zones: 6
  • Hot Water: Oil
  • Utility Connections: for Gas Range, for Electric Range

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Public School, University

Lot Info

  • Assessments: 1138300.00
  • Acre: 0.23
  • Lot Size: 10019.00
  • Page: 395
  • Zoning: B1
  • Lot Description: Paved Drive, Level

Green Features

  • Energy Features: Insulated Windows

Multi Family

  • APOD Available: Yes
  • Heat Units: 6
  • Total Levels: 5
  • Total Rent: 12895
  • Total Rms: 35
  • No Units: 6
  • Mf Type: 5-9 Family

Tax Info

  • Taxes: 17188.00
  • Assessor Parcel Number: 2135082

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2019 09/18/19 Sold $1,485,000 -2.6% $226 / Sq Ft
07/29/2019 07/29/19 Pending -- -- --
07/22/2019 07/22/19 For Sale $1,525,000 +79.1% $232 / Sq Ft
04/03/2014 04/03/14 Sold $851,500 +6.4% $130 / Sq Ft
03/04/2014 03/04/14 Pending -- -- --
02/03/2014 02/03/14 For Sale $800,000 -- $122 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dan Pouladian

    Seller's Agent in 2019

    Dan Pouladian

    North Shore Realty Advisors

    (617) 548-7737

    28 Total Sales

    Section Image

  • D

    Buyer's Agent in 2019

    Domenica Giordano

    Century 21 North East

    Section Image

  • J

    Seller's Agent in 2014

    Julianna Tache

    Tache Real Estate, Inc.

    Section Image
  • Kathy Sullivan

    Buyer's Agent in 2014

    Kathy Sullivan

    RE/MAX

    (781) 771-9949

    2 in this area

    61 Total Sales

    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72538150

MLS Property Information Network (MLS PIN)

Massachusetts Essex County Salem 01970 South Salem

15 Leach St, Salem, MA

This home is located at 15 Leach St, Salem, MA 01970 since 22 July 2019. This property was built in 1925. 15 Leach St is a home located in Essex County with nearby schools including Saltonstall School, Carlton Elementary School, and Bates Elementary School.

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MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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