Redevelopment Three-Unit Residential
For Sale
$599,000
103 Railroad Avenue, Salisbury, MA 01952
Rectangular, flat three-unit lot near Beach Public Access 3, suited for redevelopment into new residences or condominiums.
Property SizeContact for details
Days on Market748
Property Features for 103 Railroad Avenue
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
RE/MAX Bentley's
Listed By:
Jack Mahoney
(617) 696-6100
Source:
Kelleyrege
Added: Jul 23, 2024
Changed: Aug 8
Last Checked: Jun 4 at 7:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Bentley's
Investment Insights
Based on property information with market context.
This offering is a legal three-unit residential lot with a rectangular, flat configuration. The existing structure is described as a legal three-family building with an additional fourth in-law unit, and redevelopment would involve razing the current improvements.
The seller’s plan contemplates constructing new residential product, including the possibility of a single-family home, a duplex, or three new condominium units. The lot is described as a short distance south of the center and within a pretty section situated between the State Beach Reservation and the center, with Beach Public Access 3 also noted as nearby.
The remarks indicate that “One Oceanfront South” is in its final stages of approval nearby, and that redevelopment here could support expansive view potential. The seller is also described as considering a partnership or creative buyer financing.
The seller’s plan contemplates constructing new residential product, including the possibility of a single-family home, a duplex, or three new condominium units. The lot is described as a short distance south of the center and within a pretty section situated between the State Beach Reservation and the center, with Beach Public Access 3 also noted as nearby.
The remarks indicate that “One Oceanfront South” is in its final stages of approval nearby, and that redevelopment here could support expansive view potential. The seller is also described as considering a partnership or creative buyer financing.
Key Highlights
- Rectangular, flat three‑unit lot near Beach Public Access 3
- Redevelopment site includes an existing legal three‑family structure with an additional in‑law unit
- Zoned/redevelopment potential for a single‑family home, duplex, or three new condominiums
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
Explore this area
Business Placement
Demographics for 01952, MA
9,236
Population
4,981
Households
1.9
Avg Household Size
52
Median Age
44%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
600
Density / Sq Mi
$102,521
Median Household Income
$54,344
Median Earnings
$1,646
Median Rent
$450,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Rectangular, flat three-unit lot near Beach Public Access 3, suited for redevelopment into new residences or condominiums.
Where is this triplex located?
The property is located at 103 Railroad Avenue Salisbury, MA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Rectangular, flat three‑unit lot near Beach Public Access 3; Redevelopment site includes an existing legal three‑family structure with an additional in‑law unit; Zoned/redevelopment potential for a single‑family home, duplex, or three new condominiums
