11 Hancock Street

Salem, MA 01970

$1,175,000
Price
4
Beds
4
Baths
2,974 Sq. Ft.
$395 / Sq. Ft.
2,974
Sq. Ft.
$395
per Sq. Ft.

Description

This well-maintained four-family property consists of four 1-bedroom units, perfectly situated near Salem's commuter rail and Salem State University. Each unit features hardwood floors and abundant natural light. The property includes on-site laundry and off-street parking, rare amenities in this sought-after area. Located just minutes from Salem’s historic downtown, with its rich culture, dining, and entertainment options. With stable rental income and significant potential for growth, this property...This well-maintained four-family property consists of four 1-bedroom units, perfectly situated near Salem's commuter rail and Salem State University. Each unit features hardwood floors and abundant natural light. The property includes on-site laundry and off-street parking, rare amenities in this sought-after area. Located just minutes from Salem’s historic downtown, with its rich culture, dining, and entertainment options. With stable rental income and significant potential for growth, this property is an investor's dream. The proximity to major transportation and educational hubs ensures consistent demand year-round. Don't miss your chance to own this exceptional investment in one of Salem’s most desirable locations.
  1. Listed by Herrick Lutts Realty Partners • Herrick Lutts Realty Partners
  2. Listed by Nicholas Zolotas • Herrick Lutts Realty Partners

Property Details for 11 Hancock Street

Town
Salem
Area
MA-Salem
Garage Spaces
0
Parking Spaces
5.00
Parking Spaces Total
5
LISTING UPDATED: 11/08/2024 03:06 AM

Property Details for 11 Hancock Street

StatusActive
MLS #73294342
Days on Market62
Taxes$9,167 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 4 Family
Year Built1917
CountyEssex County

Building Information for 11 Hancock Street

Stories4Residences4Year Built1917Building Size-Lot Size0.09 AC / 3,707 SF

Property Information for 11 Hancock Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf Course, Medical Facility, Laundromat
  • Living Area: 2974.0
  • SqFt with Basement: No
  • Total Units: 4
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full, Interior Access
  • Num of Baths: 4.0
  • Num of Full Baths: 4
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 4.00
  • Bathrooms Total Integer: 4
  • FireplaceYN: No
  • Fireplaces: 0
  • Interior Features: Living Room, Kitchen
  • Interior Features: Window AC
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Lot Description: Corner Lot
  • Roof Material: Slate
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Assigned
  • Parking Features: Assigned
  • Parking Features: Assigned
Utilities
  • Cooling: Window AC
  • Cooling: Yes
  • Electric: Circuit Breakers, 200+ Amp Service, Individually Metered
  • Heating: Natural Gas
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
Tax Information
  • Tax ID: M:33 L:0265,2134819
  • Assessments: $788,900
  • Book: 30506
  • Tax Year: 2024
  • Zoning: R2
Building / Association Information
Living Characteristics
  • Beds Total: 4
  • Total Living Levels: 4
Other Building Characteristics
  • Foundation: Stone
Income / Expenses
  • GOI: $46,800.00
  • NOI: $46,800.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 0
  • Levels U4: 0
Rental Info
Rental Info
  • Total Actual Rent: $3,900.00

Property History for 11 Hancock 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 11 Hancock Street

Taxable ValueLand$156,800Additions$632,100Total$788,900
Tax Record2024$9,167 ($764 / month)
Home Facts
Baths4Total Finished SqFt2,974 SqFtAbove Grade Finished SqFt2,974 SqFtUnfinished Basement SqFt1,477 SqFtStories2Lot Size3,707 SqFtStyleMulti-Family Res (5+ Units)Year Built1917ZoningR2CountyESSEXAPNSALE M:33 L:0265

Schools near 11 Hancock Street

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

Bates Elementary School
PublicPK to 5

Carlton 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.

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11 Hancock Street is a multi-family home for sale in Salem, MA 01970. This property was listed for sale on September 24, 2024 by Herrick Lutts Realty Partners, it's currently listed at $1,175,000. It has been on the market for a total of 62 days and was last sold on July 1, 2011. This listing's school district is Salem School District. Nearby schools include Horace Mann Laboratory, Bates Elementary School and Carlton Elementary School. 11 Hancock Street is a 4-bed, 4-bath, 2,974 sqft multi-family home built in 1917.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Herrick Lutts Realty Partners, Herrick Lutts Realty Partners; Herrick Lutts Realty Partners, Nicholas Zolotas

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.