Seller's Agent in 2024
Francesca Little
Little & Co., REALTORS®
(978) 745-4447
11 in this area
32 Total Sales
4 Chase St Salem, MA 01970
The Point NeighborhoodEstimated Value: $966,000 - $1,111,000
7
Beds
3
Baths
3,420
Sq Ft
$301/Sq Ft
Est. Value
Highlights
- Property is near public transit
- Forced Air Heating System
- 4-minute walk to Mary Jane Lee Park
About This Home
As of May 2024Prime Investment Opportunity in Salem! This meticulously maintained 3-family property has been cared for by the same family for generations. Featuring two (2) 2-Bedroom, 1-Bathroom units and one (1) 3-Bedroom, 1-Bathroom unit, this property offers lucrative investment potential. Eight off street parking spots creates the option for added monthly income. All tenants are responsible for their own heat/hw and electric and rents are well below market value. This property can be sold as a package with 2 Chase st and 199-201 Lafayette st to create a 12 unit portfolio with a total of 12 off street parking spots. See attached for income/expenses and rent projections.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,600
Year Built
- Built in 1915
Lot Details
- 7,279
Home Design
- 3,420 Sq Ft Home
- Triplex
- Frame Construction
- Shingle Roof
- Concrete Perimeter Foundation
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Full Bathrooms
Parking
- 8 Car Parking Spaces
- Off-Street Parking
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- 100 Amp Service
Additional Features
- 7,279 Sq Ft Lot
- Property is near public transit
Listing and Financial Details
- Total Actual Rent $5,805
- Assessor Parcel Number 2136045
Community Details
Overview
- 3 Units
- Property has 1 Level
Building Details
- Insurance Expense $3,111
- Water Sewer Expense $1,452
- Operating Expense $13,063
- Net Operating Income $55,997
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 1, 1974
Bought by
Gagnon Rt
Current Estimated Value
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gagnon Rt | $33,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/14/2024 05/14/24 | Sold | $1,000,000 | +5.3% | $292 / Sq Ft |
| 03/21/2024 03/21/24 | Pending | -- | -- | -- |
| 03/11/2024 03/11/24 | For Sale | $950,000 | -- | $278 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
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 | $9,209 | $812,100 | $216,900 | $595,200 |
| 2024 | $7,721 | $664,500 | $206,100 | $458,400 |
| 2023 | $7,476 | $597,600 | $190,300 | $407,300 |
| 2022 | $7,470 | $563,800 | $183,900 | $379,900 |
| 2021 | $7,150 | $518,100 | $171,200 | $346,900 |
| 2020 | $6,805 | $470,900 | $161,700 | $309,200 |
| 2019 | $6,738 | $446,200 | $153,500 | $292,700 |
| 2018 | $6,112 | $397,400 | $145,900 | $251,500 |
| 2017 | $5,678 | $358,000 | $123,000 | $235,000 |
| 2016 | $5,521 | $352,300 | $117,300 | $235,000 |
| 2015 | $5,366 | $327,000 | $107,800 | $219,200 |
Source: Public Records
Agents Affiliated with this Home
-
Francesca Little
-
Johnny Long
Buyer's Agent in 2024
Johnny Long
PRIVI Realty LLC
(617) 275-1415
1 in this area
162 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73210747
APN: SALE-000034-000000-000470
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