Estimated payment $14,427/month
Total Views
486
14
Beds
9
Baths
7,674
Sq Ft
$311
Price per Sq Ft
Highlights
- Granite Flooring
- Porch
- Gentle Sloping Lot
About This Home
An exciting investment opportunity with you. Located just minutes from I-93 Exit 2 in a low-density single-family neighborhood, this well-maintained 9-unit apartment building sits on a spacious 1.8-acre lot and is connected to city sewer. The property boasts a large and inviting backyard, ample paved parking, and extraland, all within a short walk of Canobie Lake, which offers seasonal views from the third floor. The building is currently occupied and stabilized, presenting an immediateincome stream. Six of the apartments have been recently and completely renovated, featuring modern kitchens with granite countertops and stainless steel appliances,updated bathrooms, refinished or new hardwood flooring, energy-efficient LED lighting, and new decks, sliding doors, and windows. Each unit is separately metered forheat and electricity and the property currently yields a strong 8% capitalization rate. The property also features a large U-shaped driveway providing ease of access.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,222
Year Built
- Built in 1880
Lot Details
- 1.8 Acre Lot
- Gentle Sloping Lot
Home Design
- Block Foundation
- Frame Construction
Interior Spaces
- 7,674 Sq Ft Home
- Granite Flooring
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 14 Bedrooms
- 9 Full Bathrooms
Parking
- 20 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Additional Features
- Porch
- Private Water Source
Listing and Financial Details
- Assessor Parcel Number 590482
Community Details
Overview
- 9 Units
- Property has 2 Levels
Building Details
- Net Operating Income $141,240
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/28/2025 04/28/25 | For Sale | $2,395,000 | -- | $312 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Similar Home in Salem, NH
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73389898
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