Unit Information
NEW PRICE!!! 9.81% CAP RATE | $250K+ GROSS INCOME | $196K+ NOI | 6 UNITS / 20 BEDROOMS! Exceptional opportunity to acquire a strong cash-flowing 6-unit multifamily in desirable Salem. Featuring an attractive unit mix of two spacious 4-bedroom units and four 3-bedroom units, the property generates approximately $250K in gross annual income with an estimated $196K NOI. Additional income from on-site laundry and storage, with further upside through future rent optimization and operational efficiencies. Convenient access to Boston via MBTA Commuter Rail and close to Salem’s vibrant downtown, waterfront, restaurants, shopping, and entertainment. Newly repositioned at $1.999M, offering a compelling 9.81% cap rate, strong in-place income, immediate cash flow, and long-term upside potential.
- Additional Details
- Status: ACT
- Type: Multi-Family, Multi Family
- Zip Code: 01970
- Levels: 3
- Parking
- Garage Capacity: 6
- Parking: Deeded
- Parking Spaces: 6
- Rooms and Dimensions
- Total Units: 6
- Total Floors: 3
- Total Rooms: 28
- Has Basement: Yes
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$1,999,000
- Listing ID: 73575709
- Bedrooms: 20
- Full Baths: 6
- Living Area: 7,044 sqft Convert
- Lot Size: 7,052 sqft Convert
- Acres: 0.16
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Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |