8 Lathrop Street

Salem, MA 01970

$655,000
Last Sold Price
4
Beds
4
Baths
1,804 Sq. Ft.
$363 / Sq. Ft.
1,804
Sq. Ft.
$363
per Sq. Ft.

Description

This is an amazing opportunity to get a multi family in one of the hottest Real Estate markets in the Northshore. This 4 unit multi family home is perfect for an investor looking to add to their portfolio. 8 Lathrop St is conveniently located in between Downtown Salem and Downtown Beverly right before the Beverly-Salem bridge also minutes away from Salem MBTA station making it a great commuter location for both students and professionals. Don't miss your chance to own this 4 unit investment property.This is an amazing opportunity to get a multi family in one of the hottest Real Estate markets in the Northshore. This 4 unit multi family home is perfect for an investor looking to add to their portfolio. 8 Lathrop St is conveniently located in between Downtown Salem and Downtown Beverly right before the Beverly-Salem bridge also minutes away from Salem MBTA station making it a great commuter location for both students and professionals. Don't miss your chance to own this 4 unit investment property.
  1. Listed by Brian Ortins • eXp Realty
  2. Listed by Sofia Vasconcelos • eXp Realty

Property Details for 8 Lathrop Street

Town
Salem
Area
MA-Salem
Garage Spaces
0
Parking Spaces
3.00
Parking Spaces Total
3

Location

Listing Courtesy of eXp Realty, Brian Ortins; eXp Realty, Sofia Vasconcelos

Sold By Keller Williams Realty Evolution, Gina And Associates

Add your commute
LISTING UPDATED: 01/07/2023 09:23 AM

Property Details for 8 Lathrop Street

StatusSold
MLS #72969600
Days on Market193
Taxes$6,335 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 4 Family
Year Built1850
CountyEssex County

Location

Listing Courtesy of eXp Realty, Brian Ortins; eXp Realty, Sofia Vasconcelos

Sold By Keller Williams Realty Evolution, Gina And Associates

Add your commute

Building Information for 8 Lathrop Street

Stories6Residences4Year Built1850Building Size-Lot Size0.08 AC / 3,302 SF

Payment Calculator

$4,103 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,575

Property Taxes

$528

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8 Lathrop Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Current Financing: Conv. Fixed
  • Living Area: 1804.0
  • Color: White
  • SqFt with Basement: No
  • Total Units: 4
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Dirt Floor, Unfinished Basement
  • 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
Exterior Features
  • Construction: Frame
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street, Common, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Common, Paved Driveway
  • Parking Features: Off-Street, Common, Paved Driveway
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • UFFI: No
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Buyer and buyer representation to do their own due diligence prior to submitting an offer. Property requires flood insurance and current policy is approximately $3,000 per year. There are no promises or warranties expressed or implied. Seller has never lived in the property. Selling as is where is.
Tax Information
  • Tax ID: M:36 L:0336,2137469
  • Assessments: $478,100
  • Book: 29187
  • Tax Year: 2022
  • Zoning: R2
Building / Association Information
Living Characteristics
  • Beds Total: 4
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Stone, Brick/Mortar
Income / Expenses
  • GOI: $55,200.00
  • NOI: $55,200.00
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: 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: $4,600.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 1

Property History for 8 Lathrop 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 8 Lathrop Street

Taxable ValueLand$155,100Additions$413,200Total$568,300
Tax Record2024$6,604 ($550 / month)
Home Facts
Baths4Total Finished SqFt1,804 SqFtAbove Grade Finished SqFt1,804 SqFtUnfinished Basement SqFt902 SqFtStories2Lot Size3,302 SqFtStyleMulti-Family Res (5+ Units)Year Built1850ZoningR2CountyESSEXAPNSALE M:36 L:0336

Schools near 8 Lathrop 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.

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 eXp Realty, Brian Ortins; eXp Realty, Sofia Vasconcelos

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.