Three-Unit Residential Income
17 Roslyn St Salem, MA 01970
17 Roslyn St, Salem, MA, 01970
$1,150,000
Pending
For Sale
$1,150,000
Pending
Built in 1914, this three-unit property features two-bedroom units with private outdoor space and a separate three-bedroom unit.
Property Size4,330 SF
Days on Market107
Property Features for 17 Roslyn St
General Information
- Standard status
- Pending
- Size
- 4,330 SF
- Property subtype
- 3 Family
Building Details
- Year Built
- 1914
Listing agency
Gibson Sotheby's International Realty
(617) 504-9159
Listed by
Michael Selbst
(617) 504-9159
Source
Lockandkeyre
Added: Apr 6 Updated: Jul 21 at 3:04PM Checked: Jul 21 at 3:04PM
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 Gibson Sotheby's International Realty
Investment Insights
Based on property information with market context.
Built in 1914, this well-maintained three-family residential income property offers three separate units, including two two-bedroom units and a third-floor three-bedroom unit. Units 1 and 2 both include private outdoor spaces, and each unit has its own heat and hot water with separate meters. Exterior maintenance is supported by vinyl siding.
The property includes three off-street parking spaces plus a two-car garage, adding practical tenant appeal for an in-town setting. It is located on Roslyn St between Lafayette and Canal Streets, with convenient access to downtown Salem.
Configured for independent living, the layout supports long-term residential use with separate mechanical services for each unit.
The property includes three off-street parking spaces plus a two-car garage, adding practical tenant appeal for an in-town setting. It is located on Roslyn St between Lafayette and Canal Streets, with convenient access to downtown Salem.
Configured for independent living, the layout supports long-term residential use with separate mechanical services for each unit.
Key Highlights
- Built in 1914, 3‑family home with 4,300+ SF in Salem’s Roslyn St neighborhood
- Two units each feature 2 bedrooms and private outdoor space; separate 3‑bedroom unit on the third floor
- Each unit has its own heat and hot water with separate meters
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $109.1k | $25.20 |
| − Vacancy | −$4.9k | −$1.13 |
| EGI | $104.2k | $24.07 |
| − OpEx | −$31.3k | −$7.22 |
| NOI | $72.9k | $16.85 |
4,330 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$911.8K – $1.22M
NOI $72,944 @ 7.0% cap · market cap 6.34%
Second Best
Apartment 5plus
$940.6K
$823.1K – $1.10M
NOI $65,844 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$2.56M
$2.24M – $2.99M
NOI $179,434 @ 7.0% cap · market cap 15.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Built in 1914, this three-unit property features two-bedroom units with private outdoor space and a separate three-bedroom unit.
Where is this triplex located?
The property is located at 17 Roslyn St Salem, MA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Built in 1914, 3‑family home with 4,300+ SF in Salem’s Roslyn St neighborhood; Two units each feature 2 bedrooms and private outdoor space; separate 3‑bedroom unit on the third floor; Each unit has its own heat and hot water with separate meters
