256 Jefferson Avenue

Salem, MA 01970

$575,000
Last Sold Price
10
Beds
3
Baths
3,597 Sq. Ft.
$160 / Sq. Ft.
3,597
Sq. Ft.
$160
per Sq. Ft.

Description

Great rental history with this property which has been owned by the same family for almost 40 years. Time for a new owner to come in and increase the value, or just collect the rents as it is a strong cash flowing property. There has been updates throughout the years and as units turn over such as new flooring, newer cabinets, newer appliances, etc. There are lead Certs for all three units. Do not pass this one by as it is a money maker great for first time investors or a seasoned Investor looking...Great rental history with this property which has been owned by the same family for almost 40 years. Time for a new owner to come in and increase the value, or just collect the rents as it is a strong cash flowing property. There has been updates throughout the years and as units turn over such as new flooring, newer cabinets, newer appliances, etc. There are lead Certs for all three units. Do not pass this one by as it is a money maker great for first time investors or a seasoned Investor looking to add onto the portfolio.
  1. Listed by Dan Pouladian • North Shore Realty Advisors

Property Details for 256 Jefferson Avenue

Town
Salem
Area
MA-Salem
Garage Spaces
0
Parking Spaces
1.00
Parking Spaces Total
1

Location

Listing Courtesy of North Shore Realty Advisors, Dan Pouladian

Sold By Redfin Corp., Travis Speck

Add your commute
LISTING UPDATED: 08/06/2022 06:42 AM

Property Details for 256 Jefferson Avenue

StatusSold
MLS #72184488
Days on Market11
Taxes$5,902 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family
Year Built1900
CountyEssex County

Location

Listing Courtesy of North Shore Realty Advisors, Dan Pouladian

Sold By Redfin Corp., Travis Speck

Add your commute

Building Information for 256 Jefferson Avenue

Stories6Residences3Year Built1900Building Size-Lot Size0.07 AC / 2,951 SF

Payment Calculator

$3,630 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,138

Property Taxes

$492

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 256 Jefferson Avenue

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Highway Access, Public School
  • Current Financing: Conv. Fixed
  • Living Area: 3597.0
  • Color: green
  • Total Units: 3
  • Property Condition: Unit 1 Remodeled
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Unit 1(Range, Dishwasher, Refrigerator), Unit 2(Range, Refrigerator, Vent Hood), Unit 3(Range, Oil Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Oven, Utility Connections Varies per Unit
  • Basement Features: Partial, Bulkhead, Dirt Floor
  • Num of Baths: 3.0
  • Num of Full Baths: 3
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 3.00
  • Bathrooms Total Integer: 3
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Tile, Carpet, Unit 1(undefined), Unit 2(Tile Floor, Wall to Wall Carpet), Unit 3(Tile Floor
  • Interior Features: Unit 1(Pantry, Lead Certification Available, High Speed Internet Hookup, Walk-In Closet, Bathroom With Tub & Shower, Country Kitchen), Unit 2(Pantry, Upgraded Cabinets, Bathroom With Tub & Shower), Unit 3(Pantry, Open Floor Plan), Unit 1 Rooms(Living Room, Kitchen, Living RM/Dining RM Combo, Mudroom), Unit 2 Rooms(Kitchen, Unit 3 Rooms(Living Room
Exterior Features
  • Construction: Frame
  • Exterior Features: Rain Gutters, Unit 1 Balcony/Deck
  • Exterior Features: Fenced Yard, Deck - Wood
  • Fencing: Fenced
  • Lot Description: Corner Lot, Level
  • Patio And Porch Features: Deck - Wood
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street, On Street Permit
  • Open Parking: Yes
  • Parking Features: Off-Street, On Street Permit
  • Parking Features: Off-Street, On Street Permit
Utilities
  • Cooling: Unit 1(Window AC), Unit 2(Window AC), Unit 3(Window AC)
  • Cooling: Yes
  • Electric: 220 Volts
  • Heating: Unit 1(Oil), Unit 2(Oil), Unit 3(Oil)
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Electric Range, for Electric Oven, Varies per Unit
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Seller and Listing Broker make no Warranties or Representations. Buyer to do own Due Diligence
Tax Information
  • Tax ID: 230083,2130873
  • Assessments: $372,100
  • Book: 6737
  • Tax Year: 2017
  • Zoning: 372,100
Building / Association Information
Living Characteristics
  • Beds Total: 10
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Stone
  • Cooling Units: 0
  • Cooling Zones: 0
  • Heat Units: 3
  • Heat Zones: 3
Income / Expenses
  • Electricity: $400.00
  • Annual Expenses Source: Owner
  • GOI: $66,600.00
  • Insurance: $2,750.00
  • GRE: $13,818
  • HTE: $2,754
  • MGF: $0
  • MSE: $0
  • RFS: $648
  • RME: $0
  • NOI: $52,782.00
  • Operating Expense: $13,818.00
  • WSE: $1,676.00
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 2
Unit 3 Description
  • Floor U3: 3
  • Lease U3: Y
  • Levels U3: 3
Rental Info
Rental Info
  • Total Actual Rent: $5,550.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2%
  • Other Agent Compensation: 1%

Property History for 256 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 256 Jefferson Avenue

Taxable ValueLand$167,900Additions$639,000Total$806,900
Tax Record2024$9,376 ($781 / month)
Home Facts
Baths3Total Finished SqFt3,894 SqFtAbove Grade Finished SqFt3,894 SqFtUnfinished Basement SqFt1,152 SqFtStories3Lot Size2,953 SqFtStyleTriplexYear Built1900ZoningB1CountyESSEXAPNSALE M:23 L:0083

Schools near 256 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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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 North Shore Realty Advisors, Dan Pouladian

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.