NOT LISTED FOR SALE

172 Salem St Boston, MA 02113

North End Neighborhood

Estimated Value: $4,159,556

12 Beds
4.5 Baths
4,775 Sq Ft
$871/Sq Ft Est. Value

Last Sold October 20, 2023

Last sale price $3,900,000 $817 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $21,815/month

71 Days on Market

Highlights

  • Medical Services
  • Property is near public transit
  • Park
  • Deck
  • Jogging Path
  • 2-minute walk to Polcari Park

About This Home

As of October 2023

Located in the heart of the North End, the Property offers the rare opportunity to acquire an outstanding core asset in an incredible urban-infill location in one of the strongest real estate markets in the Country. The Property consists of a turnkey brick building comprised of four 3-Bed/1-Bath units and one commercial unit (The Laundry Room). 172 Salem Street is fully occupied and has been comprehensively renovated. Unit features consist of condo quality finishes including granite countertops, newer cabinets, Stainless-steel appliances, newer bathrooms and hardwood and carpet floors. Each residential unit features a Mitsubishi Mini-Split System for cooling and forced hot-water baseboard heating. Additionally, 172 Salem features a new roof and roof deck. All apartments are separately metered for electricity, heat, and air-conditioning which the tenants pay for directly. The Laundry Room pays for all of their utilities and offers wash, dry, fold and dry cleaning/laundry drop off.

Last Agent to Sell the Property

John Pentore

Horvath & Tremblay Listed on: 06/05/2023

Last Buyer's Agent

Rose Hall

Blue Ocean Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,020

Year Built

  • Built in 1899

Lot Details

  • 1,089

Home Design

  • Rubber Roof

Interior Spaces

  • 4,775 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Laundry Room

Bedrooms and Bathrooms

  • 12 Bedrooms

Parking

  • Driveway
  • Open Parking

Location

  • Property is near public transit
  • Property is near schools

Additional Features

  • Deck
  • 1,089 Sq Ft Lot
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $21,200
  • Rent includes unit 2(water), unit 3(water), unit 4(water)
  • Assessor Parcel Number 3365270

Community Details

Overview

  • 5 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park
  • Jogging Path

Building Details

  • Operating Expense $42,573
  • Net Operating Income $211,827

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,020

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1899
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 15

Interior Features

  • Interior Amenities: Other (See Remarks)
  • Fireplace YN: No
  • Total Bedrooms: 12
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5
  • Laundry Features: Unit 1 Laundry Room
  • Basement: Full, Unfinished
  • Living Area: 4775
  • Spa YN: No
  • Stories Total: 15
  • MAIN LO: AN2723
  • MAIN SO: AN2056

Exterior Features

  • Exterior Features: Deck - Roof
  • Foundation Details: Other
  • Home Warranty YN: No
  • Patio And Porch Features: Deck - Roof
  • Road Frontage Type: Public
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive

Utilities

  • Sewer: Public Sewer
  • Electric: Individually Metered
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, University
  • Rent Includes: Unit 2(Water), Unit 3(Water), Unit 4(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: 3365270
  • Zoning: 0013
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.02
  • Lot Size Sq Ft: 1089
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 20020

Multi Family

  • Net Operating Income: 211827
  • Number Of Units Total: 5
  • Operating Expense: 42573
  • Total Actual Rent: 21200
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 7, 1989
Sold by
Bevilacqua C W
Bought by
Virgilio Anthony
Current Estimated Value
$4,159,556
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Virgilio Anthony $320,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Virgilio Anthony $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/20/2023 10/20/23 Sold $3,900,000 -2.5% $817 / Sq Ft
08/16/2023 08/16/23 Pending -- -- --
07/12/2023 07/12/23 Price Changed $4,000,000 -2.4% $838 / Sq Ft
06/05/2023 06/05/23 For Sale $4,100,000 -- $859 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 -- $1,377,400 $536,400 $841,000
2024 -- $1,431,800 $536,400 $895,400
2023 $0 $1,477,800 $536,400 $941,400
2022 $0 $1,460,700 $536,400 $924,300
2021 $0 $1,457,600 $507,000 $950,600
2020 $0 $1,412,600 $507,000 $905,600
2019 $0 $1,384,500 $507,000 $877,500
2018 $0 $1,324,000 $487,900 $836,100
2017 $0 $1,278,500 $464,300 $814,200
2016 -- $1,177,500 $430,600 $746,900
2015 -- $1,071,500 $385,000 $686,500
2014 -- $965,000 $260,900 $704,100
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    John Pentore

    Horvath & Tremblay

    Section Image
  • Rose Hall

    Buyer's Agent in 2023

    Rose Hall

    Blue Ocean Realty, LLC

    (857) 207-7579

    2 in this area

    336 Total Sales

    Rose Hall
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73120532

MLS Property Information Network (MLS PIN)

APN: CBOS-000000-000003-002178

Massachusetts Suffolk County Boston 02113 North End

172 Salem St, Boston, MA

Not Listed for Sale

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