172 Salem Street

Boston, MA 02113

$3,900,000
Last Sold Price
12
Beds
4
Baths
1
1/2 Bath
4,775 Sq. Ft.
$817 / Sq. Ft.
4,775
Sq. Ft.
$817
per Sq. Ft.

Description

Located in the heart of the North End, the Property offers the rare opportunity to acquire an outstanding core asset in an incredible urban-infill location in one of the strongest real estate markets in the Country. The Property consists of a turnkey brick building comprised of four 3-Bed/1-Bath units and one commercial unit (The Laundry Room). 172 Salem Street is fully occupied and has been comprehensively renovated. Unit features consist of condo quality finishes including granite countertops,...Located in the heart of the North End, the Property offers the rare opportunity to acquire an outstanding core asset in an incredible urban-infill location in one of the strongest real estate markets in the Country. The Property consists of a turnkey brick building comprised of four 3-Bed/1-Bath units and one commercial unit (The Laundry Room). 172 Salem Street is fully occupied and has been comprehensively renovated. Unit features consist of condo quality finishes including granite countertops, newer cabinets, Stainless-steel appliances, newer bathrooms and hardwood and carpet floors. Each residential unit features a Mitsubishi Mini-Split System for cooling and forced hot-water baseboard heating. Additionally, 172 Salem features a new roof and roof deck. All apartments are separately metered for electricity, heat, and air-conditioning which the tenants pay for directly. The Laundry Room pays for all of their utilities and offers wash, dry, fold and dry cleaning/laundry drop off.
  1. Listed by John Pentore • Horvath & Tremblay
  2. Listed by Nick Bevilacqua • Horvath & Tremblay
  3. Listed by Dennis Kelleher • Horvath & Tremblay

Property Details for 172 Salem Street

Town
Boston
Area
MA-Boston
Garage Spaces
0
Parking Spaces
.00

Location

Listing Courtesy of Horvath & Tremblay, John Pentore; Horvath & Tremblay, Nick Bevilacqua; Horvath & Tremblay, Dennis Kelleher

Sold By Blue Ocean Realty, LLC, Rose Hall

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LISTING UPDATED: 10/20/2023 03:04 PM

Property Details for 172 Salem Street

StatusSold
MLS #73120532
Days on Market72
Taxes$20,020 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built1899
CountySuffolk County

Location

Listing Courtesy of Horvath & Tremblay, John Pentore; Horvath & Tremblay, Nick Bevilacqua; Horvath & Tremblay, Dennis Kelleher

Sold By Blue Ocean Realty, LLC, Rose Hall

Add your commute

Building Information for 172 Salem Street

Stories15Residences5Year Built1899Building Size-Lot Size0.03 AC / 1,089 SF

Payment Calculator

$22,952 per month

30 year fixed, 7.25% Interest

Principal and Interest

$21,284

Property Taxes

$1,668

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 172 Salem Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, University
  • Current Financing: Cash
  • Living Area: 4775.0
  • SqFt with Basement: No
  • Total Units: 5
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full, Unfinished Basement
  • Num of Baths: 5.0
  • Num of Full Baths: 4
  • Num of Half Baths: 1
  • Bathrooms Total Decimal: 4.50
  • Bathrooms Total Integer: 5
  • FireplaceYN: No
  • Fireplaces: 0
  • Interior Features: Other (See Remarks)
  • Interior Features: Other (See Remarks)
  • Laundry Features: Unit 1 Laundry Room
  • SpaYN: No
Exterior Features
  • Exterior Features: Deck - Roof
  • Exterior Features: Deck - Roof
  • Patio And Porch Features: Deck - Roof
  • Roof Material: Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive
  • Open Parking: Yes
  • Parking Features: Paved Drive
Utilities
  • Electric: Individually Metered
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
Tax Information
  • Tax ID: 3365270
  • Assessments: $1,477,800
  • Book: 99999
  • Tax Year: 2023
  • Zoning: 0013
Building / Association Information
Living Characteristics
  • Beds Total: 12
  • Total Living Levels: 15
Other Building Characteristics
  • Foundation: Other
Income / Expenses
  • Annual Expenses Source: Estimated
  • GOI: $254,400.00
  • GRE: $42,573
  • NOI: $211,827.00
  • Operating Expense: $42,573.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Lease U3: Y
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 4
  • Lease U4: Y
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $21,200.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 1.75
  • Other Agent Compensation: 0

Property History for 172 Salem Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 172 Salem Street

Taxable ValueLand$536,400Additions$941,400Total$1,477,800
Home Facts
Total Finished SqFt4,775 SqFtAbove Grade Finished SqFt4,775 SqFtStories5Lot Size1,080 SqFtStyleOffice BuildingYear Built1899Year Renovated1992ZoningRCCountySUFFOLKAPNCBOS W:03 P:02178 S:000

Schools near 172 Salem Street

This home is within Boston School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 6
Public - PK to 8
Rating
School
Distance
Eliot Elementary School
PublicPK to 8

Charlestown High School
Public9 to 12

Harvard-Kent Elementary School
PublicPK to 6

Warren-Prescott K-8 School
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Horvath & Tremblay, John Pentore; Horvath & Tremblay, Nick Bevilacqua; Horvath & Tremblay, Dennis Kelleher

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.