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You are here:
$1,499,900
4 Unit
10 Beds
4 Baths
5548 SQFT
0.14 Acre
7 Hancock St
Salem, MA 01970

Property Description

This exceptional multi-family home in the heart of historic Salem is located on a peaceful street, just moments away from Salem State, Pickering Wharf, Forest River Park, and all the magic of downtown Salem. This property is a rare gem with endless potential! Inside, discover 4 townhouse-style units: Two spacious 3-bedroom units, one charming and styled 2-bedroom unit, and a 4-bedroom unit. Each unit exudes historic charm, featuring original hardwood floors, built-in china cabinets, intricate moldings, and elegant French doors. Thoughtful updates include new appliances, chic lighting fixtures, beautiful tile work, and refinished hardwood floors in two units—a perfect blend of classic elegance and modern comfort. Enjoy five off-street parking spaces, a shared fenced yard, and a basement. Whether you’re an investor adding a timeless property to your portfolio or an owner-occupant seeking a special home, this property has it all! Don't miss your chance to own a piece of historic Salem!

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 8
  • Total Bedrooms: 10
  • Total Full Baths: 4
  • Basement Features: Full
  • Common Interior Features: Tile Floor
  • Common Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator, Washer & Dryer Hookup

Financial

  • APOD Available: No
  • Gross Operating Income: 112200
  • Net Operating Income: 112200

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 2

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 2

Unit 3 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 2

Unit 4 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1917
  • Type: 4 Family
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Flooring Type: Tile, Vinyl, Wall to Wall Carpet, Wood
  • Lead Paint: Certified Treated, Yes
  • Warranty: Yes

Other Information

  • MLS ID# 73312820
  • Last Updated: 11/18/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
11/18/2024Active$1,499,900$270MLSPIN
11/14/2024New$1,499,900$270MLSPIN

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Map & Resources

Saltonstall School

Public Elementary School, Grades: K-8

0.09mi

Saint Josephs School

School

0.24mi

Salem Academy Charter School

Charter School, Grades: 6-12

0.4mi

Salem Academy Charter School

Charter School, Grades: 6-12

0.45mi

Salem State University O'Keefe Center

University

0.46mi

Salem State University North Campus

University

0.58mi

Saint Marys School

School

0.59mi

New Liberty Innovation School

Public Secondary School, Grades: 9-12

0.6mi

All Souls Lounge

Bar

0.51mi

Bit Bar

Bar

0.52mi

Starbucks

Coffee Shop

0.4mi

Lulu's Bakery and Pantry

Cafe

0.48mi

Kakawa Chocolate House

Cafe

0.57mi

Jaho Cafe

Cafe

0.58mi

Honey Dew

Donut & Coffee Shop

0.59mi

Polonus Deli

Cafe

0.61mi

All Creatures Veterinary Hospital

Veterinary

0.87mi

Day Of the Dog

Pet Grooming

0.52mi

Kissable Paws

Pet Grooming

0.74mi

Salem Fire Department

Fire Station

0.45mi

Salem Fire Department

Fire Station

0.69mi

Salem Fire Department - Station 5

Fire Station

0.73mi

Salem Fire Department

Fire Station

1.15mi

Salem City Fire Department

Fire Station

1.18mi

Salem Police Department

Local Police

0.24mi

University Police

Police

0.87mi

North Shore Medical Center - Salem Hospital

Hospital

0.41mi

Pioneer Village

Museum

0.5mi

New England Pirate Museum

Museum

0.52mi

The Salem Museum

Museum

0.53mi

Peabody Essex Museum

Museum

0.54mi

Witch History Museum

Museum

0.57mi

Friendship of Salem

Museum

0.58mi

Pedrick Store House

Museum

0.6mi

The Witch House

Museum

0.63mi

O'Keefe Sports Complex

Sports Centre

0.54mi

Alumni Field

Sports Centre. Sports: Soccer

0.56mi

Batting Cage

Sports Centre. Sports: Baseball

0.57mi

Salem YMCA

Sports Centre

0.61mi

Gasset FItness Center

Fitness Centre

0.57mi

Pool

Swimming Pool

0.61mi

Conservation Land

Nature Reserve

0.8mi

Jeggle Island

Municipal Park

0.86mi

Conservation Land

Municipal Park

0.86mi

Palmer Cove Park

Municipal Park

0.14mi

Lafayette Park

Municipal Park

0.22mi

Mary Jane Lee Park

Municipal Park

0.23mi

High Street Park

Municipal Park

0.38mi

15 Peabody Street Park

Municipal Park

0.38mi

Olde Salem Greens

Golf Course

0.8mi

Old Slide

Playground

0.7mi

Rainbow Terrace Playground

Playground

0.74mi

Marblehead Bank

Bank

0.24mi

North Shore Bank

Bank

0.42mi

Rockland Trust

Bank

0.44mi

Century Bank

Bank

0.5mi

St. Jean's Credit Union

Bank

0.55mi

Eastern Bank

Bank

0.89mi

Jia The Nail Place

Nails

0.14mi

Mindy's Nails

Nails

0.26mi

Crosby's Marketplace

Supermarket

0.23mi

Daily Table

Supermarket

0.25mi

Big Apple Food Shops

Supermarket

0.88mi

Walgreens

Pharmacy

0.43mi

CVS Pharmacy

Pharmacy

0.58mi

CVS Pharmacy

Pharmacy

0.7mi

CVS Pharmacy

Pharmacy

0.85mi

Walgreens

Pharmacy

0.9mi

Lafayette St @ Saltonstall Pkwy

455

0.07mi

Lafayette St @ Hancock St

455

0.07mi

Lafayette @ Leavitt St

455

0.09mi

Lafayette St @ Cedar St

455

0.14mi

Lafayette St @ Palmer St

455

0.15mi

Lafayette St @ Holly St

455

0.16mi

Lafayette St @ Leach St

455

0.17mi

Lafayette St @ Harbor St

455

0.25mi

Seller's Representative: Shannon McInnis, Keller Williams Realty Evolution
MLS ID#: 73312820

© 2024 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information 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 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 set forth herein.

MLS PIN data last updated at 2024-11-18 03:05:00

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