42 Harbor Street

Salem, MA 01970

$1,100,000
Price
8
Beds
4
Baths
3,935 Sq. Ft.
$280 / Sq. Ft.
3,935
Sq. Ft.
$280
per Sq. Ft.

Description

Investors take notice! Corner Lot 4 family building with 2 car parking garage on the side of the building. Classic brick building with potential to add more units. Any buyer would have to do their own due diligence. Building consists of two (2) 1 bedroom apartments and two (2) 3 bedroom apartments. Tenants pay for their own heat and hot water. Rents are below market value. Right down the street from downtown Salem and the commuter rail. Group showing is planned for Sunday. Please reach out if you...Investors take notice! Corner Lot 4 family building with 2 car parking garage on the side of the building. Classic brick building with potential to add more units. Any buyer would have to do their own due diligence. Building consists of two (2) 1 bedroom apartments and two (2) 3 bedroom apartments. Tenants pay for their own heat and hot water. Rents are below market value. Right down the street from downtown Salem and the commuter rail. Group showing is planned for Sunday. Please reach out if you have any questions.
  1. Listed by Valvel Temin • Massachusetts Bay Realty Advisors, LLC
  2. Listed by Redington Group • Massachusetts Bay Realty Advisors, LLC

Property Details for 42 Harbor Street

Town
Salem
Area
MA-Salem
Garage Spaces
2
Parking Spaces
4.00
Parking Spaces Total
6

Location

Listing Courtesy of Massachusetts Bay Realty Advisors, LLC, Valvel Temin; Massachusetts Bay Realty Advisors, LLC, Redington Group
Add your commute
LISTING UPDATED: 04/25/2024 03:34 AM

Property Details for 42 Harbor Street

StatusUnder Agreement
MLS #73220455
Days on Market20
Taxes$10,233 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 4 Family
Year Built1915
CountyEssex County

Location

Listing Courtesy of Massachusetts Bay Realty Advisors, LLC, Valvel Temin; Massachusetts Bay Realty Advisors, LLC, Redington Group
Add your commute

Building Information for 42 Harbor Street

Stories6Residences4Year Built1915Building Size-Lot Size0.08 AC / 3,350 SF

Payment Calculator

$6,856 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,003

Property Taxes

$853

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 42 Harbor Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Living Area: 3935.0
  • SqFt with Basement: Yes
  • Total Units: 4
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Refrigerator
  • Basement Features: Full
  • Num of Baths: 4.0
  • Num of Full Baths: 4
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 4.00
  • Bathrooms Total Integer: 4
  • FireplaceYN: No
  • Fireplaces: 0
  • Interior Features: Laundry Room, Living Room, Kitchen
  • Interior Features: Window AC
  • SpaYN: No
Exterior Features
  • Exterior Features: Deck - Composite
  • Lot Description: Corner Lot
  • Patio And Porch Features: Deck - Composite
  • Waterfront Features: Beach Front, Bay, Harbor, Beach Ownership(Public)
Parking Features
  • Covered Spaces: 2.00
  • Garage: Yes
Utilities
  • Cooling: Window AC
  • Cooling: Yes
  • Heating: Natural Gas
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Disclosures: Buyer does their own due diligence
Tax Information
  • Tax ID: 2135797
  • Assessments: $877,400
  • Book: 28827
  • Tax Year: 2024
  • Zoning: R3
Building / Association Information
Living Characteristics
  • Beds Total: 8
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Other
Income / Expenses
  • GOI: $81,900.00
  • Insurance: $4,700.00
  • GRE: $8,124
  • MSE: $1,020
  • NOI: $63,543.00
  • Operating Expense: $8,124.00
  • WSE: $2,404.00
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: 1
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Lease U4: N
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $6,825.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 1

Property History for 42 Harbor 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 42 Harbor Street

Taxable ValueLand$146,700Additions$730,700Total$877,400
Tax Record2024$10,195 ($850 / month)
Home Facts
Baths4Total Finished SqFt3,935 SqFtAbove Grade Finished SqFt3,935 SqFtUnfinished Basement SqFt1,295 SqFtStories3Lot Size3,350 SqFtStyleMulti-Family Res (5+ Units)Year Built1915ZoningR3CountyESSEXAPNSALE M:34 L:0328

Schools near 42 Harbor 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 8
Rating
School
Distance
Horace Mann Laboratory
PublicK to 5

Carlton Elementary School
PublicK to 5

Bates Elementary School
PublicK to 5

Saltonstall School
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.

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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. 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 Massachusetts Bay Realty Advisors, LLC, Valvel Temin; Massachusetts Bay Realty Advisors, LLC, Redington Group

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.