Discover the potential of this spacious and well-located multifamily property, offering versatility and strong income potential. Property Features, three large, well-appointed units, generously sized bedrooms in each unit, private driveway plus additional resident street parking. Short walking distance to the commuter rail station, steps from Salem’s vibrant downtown shopping and restaurant district. This is a rare opportunity for investors or owner-occupants to own a versatile property with long-term upside. Whether you’re looking to generate rental income, create a multi-generational living space, or explore future value-add possibilities, this property offers endless potential.
Under contract
$969,000
11 Ropes St, Salem, MA 01970
8beds
4,486sqft
Est.:
3 Family
Built in 1915
-- sqft lot
$962,700 Zestimate®
$216/sqft
$-- HOA
What's special
Private drivewayGenerously sized bedroomsResident street parking
- 10 days
- on Zillow |
- 1,042 |
- 61 |
Zillow last checked: 7 hours ago
Listing updated: 21 hours ago
Listed by:
Sonya Aoude,
Law Offices of Bradford Eliot Keene, P.C.,
Sonya Aoude
Source: MLS PIN,MLS#: 73360416
Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Features
- Living Room, Dining Room, Kitchen
- Basement: Finished
- Has fireplace: No
Interior area
- Total structure area: 4,486
- Total interior livable area: 4,486 sqft
- Finished area above ground: 4,486
Property
Parking
- Total spaces: 1
- Parking features: Paved Drive
- Has uncovered spaces: Yes
Lot
- Size: 4,116 Square Feet
Details
- Parcel number: M:34 L:0271,2135733
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family
Materials
- Foundation: Granite
Condition
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Salem
Financial & listing details
- Price per square foot: $216/sqft
- Tax assessed value: $910,700
- Annual tax amount: $10,327
- Date on market: 4/16/2025
- Total actual rent: 4300
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