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32 Park St Salem, MA 01970

For Sale
$950,000

Three-unit property near Salem State University and downtown.

Lot size:
0.04 Acres

Property Features for 32 Park St

General Information

Lot size
0.04 Acres

Building Details

Year built
1915

Source: Heritage Realty Agent Kelsey Gregory

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Salem Three-Family Investment Opportunity

This three-family property presents an investment opportunity with three units, each featuring three bedrooms and one bathroom. All units are de-leaded and section 8 approved, with separate meters for each. A coin-operated washer and dryer are located in the basement. The property features low-maintenance landscaping. The first-floor unit will be delivered vacant, making it suitable for an owner-occupant. The second and third-floor units are currently occupied by tenants at will. The property is situated between Salem State University and downtown Salem, and it will be in close proximity to the proposed South Salem Station.
Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Salem
County
Essex
State
Massachusetts
Longitude
-70.8910836
Latitude
42.5164885

FAQs

What type of property is this?
Triplex - Three-unit property near Salem State University and downtown.
Where is this triplex located?
The property is located at 32 Park St Salem, MA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: - Three units, each with three bedrooms and one bathroom, offering strong income potential.; - All units are de-leaded and Section 8 approved, ensuring compliance and broadening tenant pool.; - Separate meters for each unit, simplifying utility management and billing.
More about this property
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