$2,300,000
SOLD JUN 4, 2025

29 Central Ave Salisbury, MA 01952

16 Beds
10 Baths
4,608 Sq Ft
3,472 Sq Ft Lot

Recently Sold

$499 Per Sq Ft

5% Above List Price

5 Days on Market

Highlights

  • City View
  • Deck
  • Porch
  • Waterfront
  • Balcony
  • Near Conservation Area

About This Home

As of June 2025

Discover this well-maintained 10-unit multifamily property steps from the sand at Salisbury Beach. Featuring 6 spacious 2-bedroom units and 4 comfortable 1-bedroom units, this property offers a strong rental history with tenants responsible for their own utilities—ensuring an excellent investment opportunity. Enjoy breathtaking ocean views from select units, adding to the property’s appeal. Additional conveniences include a shared coin-operated laundry in the basement and meticulously maintained common areas. Whether expanding your portfolio or seeking a beachside investment, this property delivers value and potential. Don't miss this rare opportunity to own a turn-key multifamily property in a highly desirable coastal location!

Last Agent to Sell the Property

Magdiel Matias

Matias Realty, LLC Listed on: 03/26/2025

Co-Listed By

Luis Disla

Matias Realty, LLC

Last Buyer's Agent

Chris Blasczak

Real Broker MA, LLC

Real Broker MA, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,803

Year Built

  • Built in 1930

Lot Details

  • 3,472 Sq Ft Lot
  • Waterfront
  • Sprinkler System

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Frame Construction
  • Shingle Roof
  • Block Exterior
  • Stone

Interior Spaces

  • 4,608 Sq Ft Home
  • Window Screens
  • City Views
  • Basement Fills Entire Space Under The House
  • Plumbed For Ice Maker
  • Washer and Gas Dryer Hookup

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 10 Full Bathrooms

Outdoor Features

  • Balcony
  • Deck
  • Porch

Utilities

  • 9 Heating Zones
  • 220 Volts

Listing and Financial Details

  • Total Actual Rent $7,731
  • Assessor Parcel Number M:33 P: 194,2147635

Community Details

Overview

  • 10 Units
  • Near Conservation Area
  • Property has 1 Level

Building Details

  • Electric Expense $840
  • Insurance Expense $20,100
  • Water Sewer Expense $7,000
  • Operating Expense $71,892
  • Net Operating Income $149,520

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,803

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1930
  • Levels: 6
  • Buyer Agency Type: %
  • Sub Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: Yes
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • Special Features: VirtualTour
  • Stories: 6

Interior Features

  • Fireplace YN: No
  • Appliances: Plumbed For Ice Maker
  • Total Bedrooms: 16
  • Full Bathrooms: 10
  • Total Bathrooms: 10
  • Laundry Features: Gas Dryer Hookup, Electric Dryer Hookup, Washer Hookup
  • Basement: Full
  • Above Grade Finished Sq Ft: 4608
  • Living Area: 4608
  • Spa YN: No
  • Stories Total: 6
  • Window Features: Screens
  • MAIN LO: AN3678
  • MAIN SO: AN0224

Exterior Features

  • Exterior Features: Balcony, Sprinkler System
  • Construction Materials: Frame, Brick, Stone, Block
  • Foundation Details: Block
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Deck, Deck - Wood
  • Roof: Shingle
  • View: City
  • View YN: Yes
  • Waterfront Features: Beach Front, Ocean, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Range, for Gas Oven, for Electric Oven, for Gas Dryer, for Electric Dryer, Washer Hookup, Icemaker Connection, Varies per Unit
  • Electric: 220 Volts
  • Water Source: Public
  • HEAT UNITS: 9
  • HEAT ZONES: 9
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Conservation Area
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 7000

Lot Info

  • Parcel Number: M:33 P: 194,2147635
  • Zoning: BC
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.08
  • Lot Size Sq Ft: 3472
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 10803

Multi Family

  • Electric Expense: 840
  • Insurance Expense: 20100
  • Net Operating Income: 149520
  • Number Of Units Total: 10
  • Operating Expense: 71892
  • Total Actual Rent: 7731
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 1

Range of Values:

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Value Increase
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Percent Increase
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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

Property History

Date Event Price List to Sale Price per Sq Ft
06/04/2025 06/04/25 Sold $2,300,000 +4.5% $499 / Sq Ft
03/31/2025 03/31/25 Pending -- -- --
03/26/2025 03/26/25 For Sale $2,200,000 -- $477 / 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 $10,874 $1,078,800 $375,500 $703,300
2024 $10,803 $1,033,800 $375,500 $658,300
2023 $11,165 $1,033,800 $375,500 $658,300
2022 $11,119 $998,100 $345,000 $653,100
2021 $11,408 $1,013,100 $360,000 $653,100
2020 $10,380 $905,800 $360,000 $545,800
2019 $4,851 $866,200 $345,000 $521,200
2018 $9,469 $854,400 $345,000 $509,400
2017 $9,166 $769,000 $345,000 $424,000
2016 $8,974 $769,000 $345,000 $424,000
2015 $8,855 $753,600 $345,000 $408,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73350362

MLS Property Information Network (MLS PIN)