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Past Sales/Salem

Sold

73 Essex

Salem, MA, 01970

Sold for $1,200,000Closed September 2024

Property facts

Property type
Residential Income
Bedrooms
8
Bathrooms
2.5
Living area
3,359 sq ft

About this sale

Discover a fantastic investment opportunity with this beautiful two-family home conveniently located near Salem’s vibrant shops, restaurants, and cultural attractions. Enjoy easy access to public transportation and major roadways, making this property a highly desirable location for tenants and homeowners alike. The first-floor unit boasts high ceilings, a recently renovated kitchen and bath, radiant floor heating, and modern appliances. The second floor offers two comfortable bedrooms and a newer kitchen. The partially finished third floor adds versatility with its four additional rooms. Set on a generous quarter acre lot with potential for significant expansion, this property combines contemporary upgrades with future growth possibilities. Enjoy the benefits of passive income with the potential for strong rental yields from the well-maintained units. Current owners have been using the second floor unit as a Airbnb grossing 50k/year.

MLS #73273671 | Residential Income | Sold

List price: $1,300,000

Listing brokerage: Little & Co., REALTORS®

Listing agent: Francesca Little