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    35-37 Salem St Rockland, MA 02370

    For Sale
    $1,399,000

    Meticulously maintained 5-unit building with expansion potential in Rockland.

    Lot size:
    0.98 Acres

    Property Features for 35-37 Salem St

    General Information

    Lot size
    0.98 Acres

    Building Details

    Year built
    1900

    Source: Benny's Realty Group Agent Andrea Aro

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

    Overview

    Rockland 5-Unit Investment Property

    This is a 5-unit building located in Rockland. The property is fully rented with reliable tenants. The building includes five spacious units spread across three floors. Each unit is serviced by its own gas heating boiler and water heater, with separately metered gas and electric utilities. A new driveway was recently installed. The property is sited on nearly an acre of land. The zoning and lot may allow for future development or additional units.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockland
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.9217858
    Latitude
    42.1423666

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    FAQs

    What type of property is this?
    Apartment building - Meticulously maintained 5-unit building with expansion potential in Rockland.
    Where is this apartment building located?
    The property is located at 35-37 Salem St Rockland, MA.
    What is the asking price?
    The asking price for this property is $1,399,000.
    What are key features of this property?
    This property features: - Rare 5-unit investment opportunity in Rockland.; - Strong cash flow and fully rented with reliable tenants, providing immediate income.; - Large lot (nearly an acre) with potential for future development or additional units (buyer to verify).
    (857) 236-9159
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    35-37 Salem St Rockland, MA 02370
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    Rockland, MA 02370
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    35-37 Salem St Rockland, MA 02370
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