Strong cash-flowing 6-unit multifamily investment opportunity in desirable Salem, MA. The property generates approximately $248,724 in gross annual income and a high NOI, offering an attractive cap rate of approximately 8.5%. Based on typical financing assumptions, projected Year-1 cash flow is approximately $64,000 with a healthy DSCR of about 1.46. The building includes six residential units plus additional income from laundry and storage. Conveniently located near MBTA commuter rail with easy access to Boston and Salem’s vibrant downtown, waterfront, restaurants, and retail. Excellent opportunity for investors seeking stable income with long-term upside potential.
7,044 Sq Ft
7,052 Sq Ft Lot Size
investment
$16,019 Annual Tax
Built in 1915
MLS/Listing ID 73484686
3 Stories
6 Units
Parking - Deeded
Lot - Corner Lot
Concrete Perimeter
Construction - Frame
Shingle
Covered
Porch
TOTAL MONTHLY COST
$0
$0
$0