$2,395,000

3 S Shore Rd Salem, NH 03079

Estimated payment $15,737/month

Total Views 456
9 Beds
8 Baths
7,674 Sq Ft
$312 Price per Sq Ft

Highlights

  • Wood Flooring
  • Hot Water Heating System
  • Level Lot

About This Home

Excellent location just a few minutes from I93 exit 2 on a large 1.8 acre lot in a low density single family neighborhood. This 9 unit building on city sewer has a large welcoming back yard, extra land and ample paved parking a short walk from Canobie Lake which you can see from the 3rd floor. The building will be occupied and stabilized. 6 apartments have been completely renovated with new kitchens granite tops and sleek stainless steel appliances, new baths, new or refinished hardwood flooring, LED lighting, new decks, sliding doors and windows. Each apartment has separate heat and electric and produces an 8% capitalization rate. There is a large large U=shape driveway and ample parking area. Unit 9 is a 2 bedroom freshly renovated town-home style unit with sliders to a rear deck, new kitchen, bath, appliances, refinished wood flooring. Principals of selling entity are licensed real state agents.

Listing Agent

Steve Cotran

RE/MAX Area Real Estate Network LTD

RE/MAX Area Real Estate Network LTD

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1880

Lot Details

  • Property fronts a private road
  • Level Lot

Home Design

  • Flat Roof Shape
  • Wood Frame Construction
  • Vinyl Siding

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl Plank

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Utilities

  • Hot Water Heating System
  • Private Water Source
  • Internet Available

Additional Features

  • Basement

Community Details

  • Gross Income $221,100

Property Details

Home Type

Apartment

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Directions: I93 Exit 2, East on Pelham, 1st left at light on N Policy to Brookdale to Lake Shore to corner of S Shore and Lakeshore
  • Seasonal: No
  • Property Type: Residential Income
  • Year Built: 1880
  • Architectural Style: Apartment Building
  • Road Frontage Type: Public Maintained Road
  • MLS Status: (10) Active - Active
  • Above Grade Finished Sq Ft: 7674.0
  • Unit Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Water Heater – Gas, Water Heater–Gas–LP/Bttle, Water Heater – Off Boiler, Water Heater – Owned
  • Total Bedrooms: 9
  • Flooring: Carpet, Hardwood, Laminate, Vinyl Plank
  • Basement: Dirt
  • Basement YN: Yes

Exterior Features

  • Driveway: Paved
  • Exterior Features: Balcony, Deck
  • Roof: Flat
  • Water Body Name: Canobie Lake
  • Construction Type: Wood Frame, Vinyl Exterior
  • Waterfront: No
  • Foundation Details: Concrete, Granite

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Off Street, On Site, Parking Spaces 11 - 20, Paved

Utilities

  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Heating: Hot Water
  • Cooling: None
  • Utilities: Cable Available
  • Water Source: Private

Lot Info

  • Surveyed: No
  • Zoning: APT 8+Up MDL-01
  • Lot Size Acres: 1.8
  • Lot Size Sq Ft: 78408.0

Multi Family

  • Gross Income: 221100.0
  • Number Of Units Total: 9
  • Net Operating Income: 185120.0
  • Number Of Units Leased: 4
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 8

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 13283.0
  • Tax Block: 0
  • Tax Lot: 4433
  • Tax Map Number: 79

Map

Range of Values:

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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
04/28/2025 04/28/25 For Sale $2,395,000 -- $312 / Sq Ft
Source: PrimeMLS

Source: PrimeMLS

MLS Number: 5038205

PrimeMLS