2 Essex Street
2 Essex Street
$1,400,000
5
5
1
5,608
5,608
$250
Sold 8/31/23
Description
Here is a rare investment opportunity located in the historic Salem Commons District. 2 Essex Street (“The Property”) is a highly sought after location within walking distance to Collins Cove, Salem Commons, Pickering Wharf, and the Salem Depot. This 4-story mixed-use property consists of (1) one commercial unit and (5) five recently renovated, residential units. The Property boasts 5,608 rentable square footage and 7,844 total square footage. All the apartments are oversized 1-bedroom units with...Here is a rare investment opportunity located in the historic Salem Commons District. 2 Essex Street (“The Property”) is a highly sought after location within walking distance to Collins Cove, Salem Commons, Pickering Wharf, and the Salem Depot. This 4-story mixed-use property consists of (1) one commercial unit and (5) five recently renovated, residential units. The Property boasts 5,608 rentable square footage and 7,844 total square footage. All the apartments are oversized 1-bedroom units with updated kitchens, bathrooms, flooring, plumbing and electrical. 2 Essex Street offers investors an ideal blue-chip holding to add to their portfolio with a prime location and low vacancy rates with easy access to RT114, RT1A with access to RT128. Tenants are responsible for their own separately metered electric heat. The opportunity to increase rents to market exists with minimal capital.
- Listed by Dan Pouladian • North Shore Realty Advisors
- Listed by Sara Pouladian • North Shore Realty Advisors
Property Details for 2 Essex Street
Town
Salem
AreaMA-Salem
Garage Spaces0
Parking Spaces1.00
Parking Spaces Total1
Location
LISTING UPDATED: 09/08/2023 07:30 PM
Property Details for 2 Essex Street
Status | Sold |
---|---|
MLS # | 73124028 |
Days on Market | 8 |
Taxes | $10,422 / year |
HOA Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-family / 5-9 Family |
Year Built | 1860 |
County | Essex County |
Location
Building Information for 2 Essex Street
Stories16Residences6Year Built1860Building Size-Lot Size0.06 AC / 2,692 SF
Payment Calculator
$8,509 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 2 Essex Street
Property History for 2 Essex Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2 Essex Street
Taxable ValueLand$166,800Additions$827,200Total$994,000
Home Facts
Baths5.5Total Finished SqFt5,608 SqFtAbove Grade Finished SqFt5,608 SqFtUnfinished Basement SqFt1,480 SqFtStories4Lot Size2,692 SqFtStyleOffice BuildingYear Built1860CountyESSEXAPNSALE M:41 L:0217
Schools near 2 Essex Street
This home is within Salem School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | K to 5 | |||
Public - | K to 5 | |||
Public - | K to 5 |
Rating | School | Distance |
---|---|---|
Bates Elementary School PublicK to 5 | ||
Horace Mann Laboratory PublicK to 5 | ||
Witchcraft Heights Elementary School PublicK to 5 | ||
Carlton Elementary School PublicK to 5 |
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.
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