Can't find the home? Get homes emailed to you as soon as they hit the market.  Send me listings

$1,750,000

List Price

42 Park Street Salem , MA 01970

22 bed | 9 bath | 9,012sqft | $7,178 est. monthly cost

$21,875

Estimated Nuhom Savings

What would you like to do?

Buy with Nuhom, save an average of $7,500.
We’ll guide you through every step.

Calculate your savings

Home Information and Amenities

13 Rooms

22 Bedrooms

9 Bathrooms

6 Parking

Rare investment opportunity to obtain an over-sized nine (9) unit brick multi-family between Salem State University and downtown Salem. The property has undergone renovation and updating over the past year. The property consist of Three (3) 4bedroom apts, Four (4) 2bedroom apts, and two (2) 1bedroom apts as well as a newly paved parking lot for the residence and 8 bay garages for additional income. Each unit has lead certificates and the tenants have their own metered utilities. The subject property is ideally located just off Lafayette Street and less than 1-mile from Salem Depot Commuter Rail Station. This opportunity is available at a rare 7.9% capitalization rate and would make for the perfect 1031 exchange or simply a buy/hold strong cash flowing asset.

  • Property type

Multi-family

  • # of Bedrooms

22

  • # of Bathrooms

9

  • # Number of Units

9

  • Year Built

1913

  • Size

9,012

  • Lot Size

5,998

  • HOA

None

  • Basement

Yes

  • Heating

  • Total Parking

6

  • Roof Material

Rubber

  • Flooring

Tile,Laminate,Hardwood

Request private home tours

Make an offer on your terms

Save $1000s

All online

nuhommobilemockup1.jpg