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$649,000
Est. payment /mo
2 Beds
2 Baths
1,874 SqFt
Open House
Sat Oct 10, 10:30am - 11:30am
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,874 sqft
Price per Sqft $346
MLS Listing ID 73588049
Bedrooms 2
Full Baths 2
Year Built 1850
Annual Tax Amount $5,445
Tax Year 2026
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type Multi Family
Property Description
Owner occupants, investors, contractors, and developers take notice! 61 Mason Street presents a rare opportunity to own a two-family in a highly convenient Salem location with significant potential to build equity and add value. Live in one unit and offset your mortgage with rental income, while enjoying the benefits of homeownership and long-term investment potential. The existing two-family layout, along with additional space in the attic, provides flexibility for future use or improvements. Investors will also appreciate the opportunity to grow their portfolio and unlock additional value. Ideally situated just a quick walk from vibrant downtown Salem, the commuter rail, waterfront, restaurants, shopping, parks, and museums, while remaining outside the busiest tourist areas. For those looking toward the future, the property was previously approved for a five-unit development plan, offering buyers the opportunity to explore similar redevelopment potential, subject to current approvals and buyer due diligence. Whether you're looking for a home with rental income, an investment property, or a larger development opportunity, 61 Mason Street offers a unique range of possibilities.
Location
State MA
County Essex
Zoning NRCC
Direction GPS
Exterior
Total Parking Spaces 3
Garage No
Building
Story 2
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
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Listed by North Shore Realty Advisors
NEARBY SCHOOL & BUSINESS
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