NOT LISTED FOR SALE

3 Harrison Ave Salem, MA 01970

The Point Neighborhood
12 Beds
4 Baths
5,112 Sq Ft
5,489 Sq Ft Lot

Last Sold March 30, 2023

Last sale price $945,000 $185 Per Sq Ft

3 Days on Market

Highlights

  • Granite Flooring
  • Porch
  • Heating Available
  • Property is near public transit
  • Tandem Parking
  • 2-minute walk to Mary Jane Lee Park

About This Home

As of March 2023

Start 2023 off right with a new investment property! This property consists of four large 3 bedroom units with potential to convert to 4 bedrooms. Tenants pay their own utilities. Two driveways on either side of the building each fit 3 cars for a total of 6 off street parking spots. See attached for detailed income and expenses and a rent roll. Please allow at least 24 hours notice for tenants.

Last Agent to Sell the Property

Francesca Little

Little & Co., REALTORS® Listed on: 12/27/2022

Last Buyer's Agent

Wahidul Shaikh

Boston BD Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,824

Year Built

  • Built in 1915

Lot Details

  • 5,489

Home Design

  • 5,112 Sq Ft Home
  • Slate Roof

Flooring

  • Wood
  • Granite

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 4 Full Bathrooms

Parking

  • 6 Car Parking Spaces
  • Tandem Parking
  • Off-Street Parking

Utilities

  • Heating Available
  • Gas Water Heater

Additional Features

  • Porch
  • 5,489 Sq Ft Lot
  • Property is near public transit

Listing and Financial Details

  • Total Actual Rent $7,575
  • Assessor Parcel Number 2135553

Community Details

Overview

  • 4 Units
  • Property has 1 Level

Building Details

  • Electric Expense $780
  • Insurance Expense $4,800
  • Water Sewer Expense $8,400
  • Operating Expense $24,764
  • Net Operating Income $66,136

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,824

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family
  • Year Built: 1915
  • Buyer Agency: 2
  • Transaction Broker: 2
  • 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: 6

Interior Features

  • Flooring: Wood
  • Fireplace YN: No
  • Appliances: Gas Water Heater
  • Total Bedrooms: 12
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bathrooms: 4
  • Living Area: 5112
  • Stories Total: 6
  • MAIN LO: C67600
  • LIST PRICE PER Sq Ft: 212.25
  • PRICE PER Sq Ft: 184.86
  • MAIN SO: AN6197

Exterior Features

  • Foundation Details: Granite
  • Patio And Porch Features: Porch
  • Roof: Slate
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street, Tandem
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Heating: Unit 1(Forced Air,Gas), Unit 2(Forced Air,Gas), Unit 3(Forced Air,Gas), Unit 4(Forced Air,Gas)
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation

Fee Information

  • Water Sewer Expenses: 8400

Lot Info

  • Parcel Number: 2135553
  • Zoning: R3
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Size Sq Ft: 5489
  • Lot Size Units: Acres
  • PAGE: 336
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 9824
  • Tax Book Number: 17434

Multi Family

  • Electric Expense: 780
  • Gross Income: 90900
  • Insurance Expense: 4800
  • Net Operating Income: 66136
  • Number Of Units Total: 4
  • Operating Expense: 24764
  • Total Actual Rent: 7575
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 2
  • FLRS 3: 1
  • FLRS 2: 2

Range of Values:

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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 Change Sq Ft Price
03/30/2023 03/30/23 Sold $945,000 -12.9% $185 / Sq Ft
12/31/2022 12/31/22 Pending -- -- --
12/27/2022 12/27/22 For Sale $1,085,000 -- $212 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Francesca Little

    Seller's Agent in 2023

    Francesca Little

    Little & Co., REALTORS®

    (978) 745-4447

    10 in this area

    32 Total Sales

    Francesca Little
    Section Image
  • Wahidul Shaikh

    Buyer's Agent in 2023

    Wahidul Shaikh

    Boston BD Realty

    (339) 223-4023

    1 in this area

    37 Total Sales

    Wahidul Shaikh
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73066564

MLS Property Information Network (MLS PIN)
Massachusetts Essex County Salem 01970 The Point

3 Harrison Ave, Salem, MA

This home is located at 3 Harrison Ave, Salem, MA 01970 since 27 December 2022. This property was built in 1915. 3 Harrison Ave is a home located in Essex County with nearby schools including Saltonstall School, Carlton Elementary School, and Bates Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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