Three-Unit Residential Income
17 Roslyn Street Salem, MA 01970
17 Roslyn Street, Salem, MA, 01970
$1,150,000
For Sale
$1,150,000
1914 three-family property with two-bedroom and three-bedroom units, separate utilities, and off-street parking plus a two-car garage.
Property Size4,330 SF
Price / SF$265.59
Days on Market112
Property Features for 17 Roslyn Street
General Information
- Standard status
- Active
- Size
- 4,330 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1914
Listing agency
Gibson Sotheby's International Realty
Listed by
Michael Selbst
(978) 922-3683
Source
Jbarrettrealty
Added: Apr 2 Updated: Jul 21 at 7:17PM Checked: Jul 21 at 7:17PM
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 features two unusually spacious two-bedroom units and a third-floor three-bedroom unit. Units 1 and 2 include private outdoor spaces. Each unit has its own heat and hot water with separate meters, supporting tenant-by-tenant utility management. Vinyl siding helps keep exterior maintenance straightforward, and the property includes three off-street parking spaces along with a two-car garage.
Located on Roslyn Street between Lafayette and Canal Streets, the home is described as convenient to downtown Salem, approximately 16 minutes by foot or 3 minutes by car.
With three separate units, the building is configured to support both long-term rental use and owner-occupancy options where one unit is lived in while others are rented.
Located on Roslyn Street between Lafayette and Canal Streets, the home is described as convenient to downtown Salem, approximately 16 minutes by foot or 3 minutes by car.
With three separate units, the building is configured to support both long-term rental use and owner-occupancy options where one unit is lived in while others are rented.
Key Highlights
- Three‑family home built in 1914 with 4,300+ sq ft total living space.
- Unit mix includes two two‑bedroom units plus a third‑floor three‑bedroom unit.
- Units 1 and 2 feature private outdoor spaces.
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 - 1914 three-family property with two-bedroom and three-bedroom units, separate utilities, and off-street parking plus a two-car garage.
Where is this triplex located?
The property is located at 17 Roslyn Street 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: Three‑family home built in 1914 with 4,300+ sq ft total living space.; Unit mix includes two two‑bedroom units plus a third‑floor three‑bedroom unit.; Units 1 and 2 feature private outdoor spaces.
