Beds12
Baths4Full11/2
Sq.Ft.4,775
Year1899
Sam Resnick
(617) 512-5712
UPDATED: 5+ family - 5+ units up/down for sale at 172 Salem St in Boston. Located in the heart of the North End, the Property offers the rare opportunity to acquire an outstanding core asset in an incredible urban-infill location in one of the strongest real estate markets in the Country. The Property consists of a turnkey brick building comprised of four 3-Bed/1-Bath units and one commercial unit (The Laundry Room). 172 Salem Street is fully occupied and has been comprehensively renovated. Unit features consist of condo quality finishes including granite countertops, newer cabinets, Stainless-steel appliances, newer bathrooms and hardwood and carpet floors. Each residential unit features a Mitsubishi Mini-Split System for cooling and forced hot-water baseboard heating. Additionally, 172 Salem features a new roof and roof deck. All apartments are separately metered for electricity, heat, and air-conditioning which the tenants pay for directly. The Laundry Room pays for all of their utilities and offers wash, dry, fold and dry cleaning/laundry drop off.
Status:
Sold
Property Type:5+ Family - 5+ Units Up/Down
MLS #:73120532
Sq. Feet:4,775
Date Sold:10/20/2023
Lot Size:0.02 Acres
County:Suffolk
Located in the heart of the North End, the Property offers the rare opportunity to acquire an outstanding core asset in an incredible urban-infill location in one of the strongest real estate markets in the Country. The Property consists of a turnkey brick building comprised of four 3-Bed/1-Bath units and one commercial unit (The Laundry Room). 172 Salem Street is fully occupied and has been comprehensively renovated. Unit features consist of condo quality finishes including granite countertops, newer cabinets, Stainless-steel appliances, newer bathrooms and hardwood and carpet floors. Each residential unit features a Mitsubishi Mini-Split System for cooling and forced hot-water baseboard heating. Additionally, 172 Salem features a new roof and roof deck. All apartments are separately metered for electricity, heat, and air-conditioning which the tenants pay for directly. The Laundry Room pays for all of their utilities and offers wash, dry, fold and dry cleaning/laundry drop off.
Detailed Maps
Price Change History
| Date | Old Price | New Price | Percent Change |
| 7/12/2023 | $4,100,000 | $4,000,000 | -2.4% |
| 10/20/2023 | $4,000,000 | $3,900,000 | -2.5% |
Community Information
Address:172 Salem St, Boston, MA 02113
County:Suffolk
City:Boston
Zip Code:02113
Architecture
Bedrooms:
12
Bathrooms:
4 Full / 1 Half
Year Built:1899
Stories:15
Building Area: 4775
Roof: Rubber
Basement: Full, Unfinished
Parking Features: Paved Drive
Features / Amenities
Interior Features: Other (See Remarks)
Laundry: Unit 1 Laundry Room
Exterior Features: Deck - Roof
Patio And Porch: Deck - Roof
Total Rooms:23
Property Features
Lot Size:
0.02 Acres
Sewer: Public Sewer
Water: Public
Electric: Individually Metered
Road Frontage: Public
Zoning:0013
Directions:Rt 1N to Salem St
Tax and Financial Info
Tax Year: 2023
Tax Annual Amount: $20,020
Current Financing: Cash
Gross Income: $254,400
Net Operating Income: $211,827
Operating Expense: $42,573
Total Actual Rent: $21,200
Rent Includes: Unit 2(Water), Unit 3(Water), Unit 4(Water)
Buyer Agency Compensation: 1.75
Buyer Agent Compensation: 1.75
Listing Agent/Office
Listing provided courtesy of John Pentore, Horvath & Tremblay.
Schools
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Listing Information Last Updated 12/10/2023