Multi-Family for Sale: 19-21 Pleasant Street, Salem, MA 01970 SOLD

9 beds
5 full baths
5,675 sqft
$1,600,000
$1,600,000
19-21 Pleasant Street, Salem, MA 01970 SOLD
9 beds
5 full baths
5,675 sqft
$1,600,000
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Selling Price: $1,600,000
Original List Price: $1,550,000
Sold at 103.2% of list price
Sold Date: 12/20/2023

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Type Multi-Family
Beds 9
Total Baths 5 full baths
Square Feet 5,675 sqft
Lot Size 0.13 acres
Year Built 1860
City Salem
County Essex
MLS 73179854
Status Closed
DOM 37 days
Rare investment opportunity located at 19-21 Pleasant Street in the Salem Commons District. This 3-story residential building boosts rentable square footage of 5,675 and a total gross square footage of 8,104. 19-21 Pleasant Street presents a nice unit mix of two (2) large one-bedrooms, one (1) two-bedroom, one (1) two-bedroom plus office, and one (1) three-bedroom plus office townhome style. The property features newer gas boiler and hot water tank, updates for electrical with new panels, updated plumbing, apartment renovations (2022/23) to units 19-1 and 19-2, hardwood floors, eat-in kitchens, balconies for each unit, roof (2016/17), coin-op laundry facilities located in the basement. New parking lot (2023) was created behind the property with a total of 10 parking which is rare to find in this location. Rents are below market rates with limited availability around the Salem Commons. Great opportunity to hold as a long term and many different exit strategies due to location.

Lot & Building Features

Appliances Utility Connections for Gas Range
Construction Frame
Sewer Public Sewer
Tax Year 2023
Taxes Paid $16,067
Water Public
Foundation Stone
Exterior Features Deck - Wood
Roof Rubber, Shingle
Full Baths 5
Parking Driveway, Off Street
Total Rooms 21
Basement Feature Bulkhead, Full, Concrete
Garage Spaces 0
Fireplaces 2

Price History of 19-21 Pleasant Street, Salem, MA

Date Name Price Difference
11/13/2023 Listing Price $1,600,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Map of 19-21 Pleasant Street, Salem, MA

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Inquire about this property

Photo of Cheryl Waitt
Direct: 603-235-5521
Office
200 Rockingham Road.
Londonderry, NH 03053
603-437-4447
Listed by North Shore Realty Advisors, Sara Pouladian
Sold by Choose Boston, LLC, Alex Rice
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6.75%
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Listing information courtesy of: North Shore Realty Advisors

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