17 Dow Street

Salem, MA 01970

$1,150,000
Price
8
Beds
4
Baths
3,680 Sq. Ft.
$313 / Sq. Ft.
3,680
Sq. Ft.
$313
per Sq. Ft.

Description

Introducing a 4-family property on a corner lot with plenty of parking space! The cozy first floor units consist of one and two bedrooms, offering potential for increased rental income. The second-floor unit serves as the owner's residence featuring an open-concept layout with main and formal living room which could be transformed to a third bedroom. It has enclosed porch and laundry. The third-floor unit features a spacious kitchen, three bedrooms, and an enclosed porch. Outside, the fenced-in backyard...Introducing a 4-family property on a corner lot with plenty of parking space! The cozy first floor units consist of one and two bedrooms, offering potential for increased rental income. The second-floor unit serves as the owner's residence featuring an open-concept layout with main and formal living room which could be transformed to a third bedroom. It has enclosed porch and laundry. The third-floor unit features a spacious kitchen, three bedrooms, and an enclosed porch. Outside, the fenced-in backyard provides a cozy retreat, complemented by a double driveway, a two-car garage with a side door entrance, and an attached shed. Full spacious basement with separate utilities, gas heating systems and hot water tanks for efficiency. Conveniently located just minutes from the city center, restaurants, the ocean, parks, schools, and public transportation. Don't miss the opportunity to own this rare property!

Property Details for 17 Dow Street

Town
Salem
Area
MA-Salem
Garage Spaces
2
Parking Spaces
6.00
Parking Spaces Total
8

Location

Listing Courtesy of RE/MAX 360, Ernad Preldzic
Add your commute
LISTING UPDATED: 05/15/2024 05:51 PM

Property Details for 17 Dow Street

StatusActive
MLS #73234660
Days on Market11
Taxes$8,451 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 4 Family
Year Built1935
CountyEssex County

Location

Listing Courtesy of RE/MAX 360, Ernad Preldzic
Add your commute

Building Information for 17 Dow Street

Stories7Residences4Year Built1935Building Size-Lot Size0.09 AC / 4,021 SF

Payment Calculator

$6,980 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,276

Property Taxes

$704

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 17 Dow Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Tennis Court, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Public School, T-Station, University
  • Living Area: 3680.0
  • Color: White
  • SqFt with Basement: No
  • Total Units: 4
  • Waterfront: No
  • Year Built Details: Actual,Unknown/Mixed
  • Year Built Source: Public Records
Location/School
  • Grade School: Saltonstall
  • High School: Salem High
  • Middle School: Collins
Features
Interior Features
  • Basement Features: Full, Bulkhead, Concrete Floor
  • Num of Baths: 4.0
  • Num of Full Baths: 4
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 4.00
  • Bathrooms Total Integer: 4
  • DoorFeatures: Insulated Doors, Storm Door(s)
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Tile, Laminate, Hardwood
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • SpaYN: No
  • Window Features: Insulated Windows
Exterior Features
  • Construction: Frame
  • Exterior Features: City View(s), Fenced Yard, Porch - Enclosed
  • Fencing: Fenced
  • Lot Description: Corner Lot
  • Other Structures: Shed(s)
  • Patio And Porch Features: Enclosed
  • Roof Material: Shingle
  • View: City
  • View: Yes
  • Waterfront Features: Beach Front, Harbor, Ocean, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
Parking Features
  • Covered Spaces: 2.00
  • Garage: Yes
  • Garage Parking: Off-Street, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Off-Street, Paved Driveway
  • Parking Features: Off-Street, Paved Driveway
Utilities
  • Electric: Circuit Breakers
  • Green Energy Efficient: Varies per Unit
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range, for Electric Range, for Gas Oven, for Electric Oven, for Electric Dryer, Washer Hookup, Varies per Unit
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Disclosures: Sold as is. The 2nd floor unit is occupied by the owner and the rent listed for this unit is estimated. Units on the 1st floor could potentially rent for more. 3 out of 4 units have lead compliance (documents are in the MLS attachment section). Cameras on property (excluded from sale/negotiable)
Tax Information
  • Tax ID: M:34 L:0306,2135771
  • Assessments: $727,300
  • Book: 16433
  • Tax Year: 2024
  • Zoning: R3
Building / Association Information
Living Characteristics
  • Beds Total: 8
  • Total Living Levels: 7
Other Building Characteristics
  • Foundation: Block, Stone
Income / Expenses
  • GOI: $92,820.00
  • GRE: $2,500
  • NOI: $92,820.00
  • Operating Expense: $2,500.00
  • WSE: $2,500.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 3
  • Lease U4: Y
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $7,735.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2%
  • Other Agent Compensation: 0

Property History for 17 Dow Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 17 Dow Street

Taxable ValueLand$149,300Additions$578,000Total$727,300
Tax Record2024$8,451 ($704 / month)
Home Facts
Baths4Total Finished SqFt3,680 SqFtAbove Grade Finished SqFt3,680 SqFtUnfinished Basement SqFt1,472 SqFtStories3Lot Size4,021 SqFtStyleMulti-Family Res (5+ Units)Year Built1935ZoningR3CountyESSEXAPNSALE M:34 L:0306

Schools near 17 Dow Street

This home is within Salem School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - K to 5
Public - K to 8
Rating
School
Distance
Horace Mann Laboratory
PublicK to 5

Carlton Elementary School
PublicK to 5

Bates Elementary School
PublicK to 5

Saltonstall School
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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17 Dow Street is a multi-family home for sale in Salem, MA 01970. This property was listed for sale on May 8, 2024 by RE/MAX 360, it's currently listed at $1,150,000. It has been on the market for a total of 11 days and was last sold on July 3, 2000. This listing's school district is Salem School District. Nearby schools include Horace Mann Laboratory, Carlton Elementary School and Bates Elementary School. 17 Dow Street is a 8-bed, 4-bath, 3,680 sqft multi-family home built in 1935.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of RE/MAX 360, Ernad Preldzic

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.