237 Jefferson Avenue

Salem, MA 01970

$1,250,000
Price
9
Beds
3
Baths
3,778 Sq. Ft.
$331 / Sq. Ft.
3,778
Sq. Ft.
$331
per Sq. Ft.

Description

Turn key triple decker investment gem next to Salem State University, 1 mile to downtown Salem & Commuter Rail, 1/2 mile to schools and a short drive to local amenities. Renovated in 2020 with high efficiency gas heat/ tankless hot water, new plumbing & electrical, new meters, toilets, showers and appliances. Each unit features 3 beds, 1 bath & in-unit laundry with similar layouts and modern kitchens & baths. The building includes generous 2 car parking for each unit in the expansive fenced lot....Turn key triple decker investment gem next to Salem State University, 1 mile to downtown Salem & Commuter Rail, 1/2 mile to schools and a short drive to local amenities. Renovated in 2020 with high efficiency gas heat/ tankless hot water, new plumbing & electrical, new meters, toilets, showers and appliances. Each unit features 3 beds, 1 bath & in-unit laundry with similar layouts and modern kitchens & baths. The building includes generous 2 car parking for each unit in the expansive fenced lot. This is a plug and play investment as an income property or condo conversion. All units rented well below market. Contact list agent for group showing info. Group showing sat 3/30 2:15-3:00, contact agent to confirm
  1. Listed by Dan Bernal • Atlantic Coast Homes,Inc

Property Details for 237 Jefferson Avenue

Town
Salem
MLS Area
South Salem
Area
MA-Salem-South Salem, MA-Salem
Garage Spaces
0
Parking Spaces
6.00
Parking Spaces Total
6

Location

Listing Courtesy of Atlantic Coast Homes,Inc, Dan Bernal
Add your commute
LISTING UPDATED: 03/28/2024 03:50 PM

Property Details for 237 Jefferson Avenue

StatusActive
MLS #73211392
Days on Market40
Taxes$9,739 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family - 3 Units Up/Down
Year Built1900
CountyEssex County

Location

Listing Courtesy of Atlantic Coast Homes,Inc, Dan Bernal
Add your commute

Building Information for 237 Jefferson Avenue

Stories6Residences3Year Built1900Building Size-Lot Size0.12 AC / 5,301 SF

Payment Calculator

$7,633 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,822

Property Taxes

$812

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 237 Jefferson Avenue

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Walk/Jog Trails, Golf Course, Medical Facility, Bike Path, Conservation Area, House of Worship, Marina, Private School, Public School, T-Station, University
  • Living Area: 3778.0
  • Color: Light Blue
  • SqFt with Basement: No
  • Total Units: 3
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Location/School
  • Grade School: Hmls
  • High School: Salem
  • Middle School: Collins
Features
Interior Features
  • Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
  • Basement Features: Full, Interior Access, Sump Pump, Unfinished Basement
  • Num of Baths: 3.0
  • Num of Full Baths: 3
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 3.00
  • Bathrooms Total Integer: 3
  • DoorFeatures: Insulated Doors
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Tile, Hardwood, Wood, Stone/Ceramic Tile
  • Interior Features: Pantry, Stone/Granite/Solid Counters, Upgraded Cabinets, Bathroom With Tub & Shower, Remodeled, Internet Available - Broadband, Living Room, Kitchen, Laundry Room, Sunroom
  • Interior Features: Internet Available - Broadband
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • SpaYN: No
  • Window Features: Skylight(s), Insulated Windows
Exterior Features
  • Construction: Frame
  • Exterior Features: Balcony/Deck, Balcony, Rain Gutters
  • Exterior Features: Balcony, Porch
  • Fencing: Fenced/Enclosed
  • Lot Description: Level
  • Patio And Porch Features: Porch
  • Roof Material: Rubber
  • Waterfront Features: Beach Front, 1 to 2 Mile To Beach, Beach Ownership(Public)
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street, Assigned, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Assigned, Paved Driveway
  • Parking Features: Off-Street, Assigned, Paved Driveway
Utilities
  • Cooling: None
  • Cooling: No
  • Electric: Circuit Breakers, 100 Amp Service
  • Heating: Baseboard, Natural Gas, Unit Control
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range, for Electric Dryer, Washer Hookup
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Disclosures: Some pictures of unit 2 show vacant from before current tenant mixed with pics including current tenant. All units currently occupied.
Tax Information
  • Listing Terms: Contract
  • Tax ID: 2131223
  • Assessments: $838,100
  • Book: 40491
  • Lot: 0161
  • Map: 24
  • Tax Year: 2024
  • Zoning: B1
Building / Association Information
Living Characteristics
  • Beds Total: 9
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Stone
  • Cooling Units: 0
  • Cooling Zones: 0
  • Heat Units: 3
  • Heat Zones: 3
Income / Expenses
  • GOI: $92,340.00
  • Insurance: $4,956.00
  • GRE: $8,816
  • RFS: $660
  • NOI: $83,524.00
  • Operating Expense: $8,816.00
  • WSE: $3,200.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Lease U3: Y
  • Levels U3: 1
Rental Info
Rental Info
  • Total Actual Rent: $7,695.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 1

Property History for 237 Jefferson Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 237 Jefferson Avenue

Taxable ValueLand$178,300Additions$659,800Total$838,100
Tax Record2024$9,739 ($812 / month)
Home Facts
Baths3Total Finished SqFt3,778 SqFtAbove Grade Finished SqFt3,778 SqFtUnfinished Basement SqFt1,238 SqFtStories3Lot Size5,301 SqFtStyleTriplexYear Built1900ZoningR2CountyESSEXAPNSALE M:24 L:0161

Schools near 237 Jefferson Avenue

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 8
Rating
School
Distance
Horace Mann Laboratory
PublicK to 5

Witchcraft Heights Elementary School
PublicK to 5

Carlton Elementary School
PublicK to 5

Nathaniel Bowditch
PublicK 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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237 Jefferson Avenue is a multi-family home for sale in Salem, MA 01970. This property was listed for sale on March 18, 2024 by Atlantic Coast Homes,Inc, it's currently listed at $1,250,000. It has been on the market for a total of 40 days and was last sold on November 17, 2021. This listing's school district is Salem School District. Nearby schools include Horace Mann Laboratory, Witchcraft Heights Elementary School and Carlton Elementary School. 237 Jefferson Avenue is a 9-bed, 3-bath, 3,778 sqft multi-family home built in 1900.

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. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Atlantic Coast Homes,Inc, Dan Bernal

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.