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You are here:
Home Massachusetts Salem Multi-Family Homes for Sale

29 Harbor Street Salem, MA 01970

NEW
9 Photos
$899,000
3 Unit
7 Beds
4 Baths
3155 SQFT
0.12 Acre
29 Harbor Street
Salem, MA 01970

Property Description

Fabulous investment opportunity in the heart of Salem offers a unique blend of urban living renowned for its maritime history and vibrant cultural scene. This property features three spacious, separate units, blown-in insulation, many replaced windows, a new heating system & hot water holding tank, new electrical panels, a two-car garage, and lots of parking in a newly replaced and sealed driveway, Whether you are looking to expand your investment portfolio or live in one unit while renting out the others, this spacious multi-family property offers an incredible investment potential and a comfortable living space. Shown by appointment. Additional photos are forthcoming.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 7
  • Total Full Baths: 4
  • Amenities: House of Worship, Laundromat, Medical Facility, Private School, Public School, Public Transportation, Shopping, University
  • Basement Features: Full, Interior Access, Unfinished Basement, Walk Out
  • Common Rooms: Kitchen, Living Room, Sunroom
  • Common Interior Features: Bathroom with Shower Stall, Bathroom With Tub, Pantry, Storage
  • Common Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer, Washer & Dryer Hookup, Washer Hookup
  • Common Heating: Active Solar, Electric Baseboard, Hot Water Radiators

Financial

  • APOD Available: No
  • Expenses Source: Owner Provided
  • Gross Operating Income: 63360
  • Gross Expenses: 8148
  • GSE: 2727
  • Electric Expenses: 606
  • Water/Sewer: 1040
  • INSC: 3007
  • RFS: 768
  • Net Operating Income: 55212

Utilities

  • Heat Zones: 2
  • Electric Info: Circuit Breakers, Underground
  • Energy Features: Insulated Windows
  • Utility Connections: for Electric Dryer, for Electric Range, for Gas Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Gas, Heat, Hot Water, Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Gas, Heat, Hot Water, Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Gas, Heat, Hot Water, Water
  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1915
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Shingle, Slate
  • Flooring Type: Hardwood, Laminate, Wall to Wall Carpet
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73314993
  • Last Updated: 11/22/24
  • Terms: Contract for Deed, Rent w/Option

Mortgage Calculator

View Breakdown

Map & Resources

Saint Josephs School

School

0.08mi

Salem Academy Charter School

Charter School, Grades: 6-12

0.22mi

Saint Marys School

School

0.27mi

New Liberty Innovation School

Public Secondary School, Grades: 9-12

0.3mi

Saltonstall School

Public Elementary School, Grades: K-8

0.31mi

Salem Academy Charter School

Charter School, Grades: 6-12

0.32mi

Salem Prep High School

Public Secondary School, Grades: 8-12

0.33mi

All Souls Lounge

Bar

0.18mi

Bit Bar

Bar

0.19mi

Lulu's Bakery and Pantry

Cafe

0.15mi

Starbucks

Coffee Shop

0.18mi

Kakawa Chocolate House

Cafe

0.27mi

Jaho Cafe

Cafe

0.27mi

Polonus Deli

Cafe

0.31mi

Honey Dew

Donut & Coffee Shop

0.33mi

Day Of the Dog

Pet Grooming

0.22mi

Salem Police Department

Local Police

0.29mi

Salem Fire Department

Fire Station

0.17mi

Cinema Salem

Cinema

0.33mi

New England Pirate Museum

Museum

0.2mi

Peabody Essex Museum

Museum

0.23mi

The Salem Museum

Museum

0.26mi

Witch History Museum

Museum

0.28mi

Friendship of Salem

Museum

0.3mi

Pedrick Store House

Museum

0.32mi

Essex Institute Museum Building

Museum

0.33mi

Salem YMCA

Sports Centre

0.4mi

15 Peabody Street Park

Municipal Park

0.05mi

Lafayette Park

Municipal Park

0.07mi

Salem Waterfront Park

Park

0.11mi

Mary Jane Lee Park

Municipal Park

0.12mi

Charter Street Historic District

Park

0.21mi

Palmer Cove Park

Municipal Park

0.22mi

Riley Plaza

Park

0.23mi

High Street Park

Municipal Park

0.26mi

Speedway

Gas Station

0.13mi

Prime Gas Station

Gas Station

0.17mi

Mass Bay Dental

Dentist

0.31mi

North Shore Bank

Bank

0.13mi

Century Bank

Bank

0.2mi

Rockland Trust

Bank

0.2mi

Jia The Nail Place

Nails

0.19mi

10 Perfect Nails

Nails

0.19mi

Red Lion Smokeshop

Variety Store

0.35mi

Los Amigos

Convenience

0.08mi

Speedway

Convenience

0.12mi

Richdale Convenience Store

Convenience

0.18mi

Steve's Quality Market

Convenience

0.25mi

Friendly Mini Mart

Convenience

0.44mi

Witch City Mall

Mall

0.28mi

Walgreens

Pharmacy

0.18mi

Lafayette St @ Harbor St

455

0.07mi

Lafayette St @ Harbor St

455

0.09mi

Lafayette St @ Palmer St

455

0.18mi

New Derby St opp Klop Alley

451
455

0.18mi

Lafayette St @ Cedar St

455

0.19mi

New Derby St @ Klopp Alley

451
455

0.2mi

Hawthorne Blvd @ Derby St

451

0.22mi

Hawthorne Blvd @ Derby St

451

0.22mi

Seller's Representative: Wendy Webber, Coldwell Banker Realty - Marblehead
MLS ID#: 73314993

© 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 2024-11-22 08:52:00