3 Hazel Street

Salem, MA 01970

$875,000
Price
5
Beds
3
Baths
2,056 Sq. Ft.
$426 / Sq. Ft.
2,056
Sq. Ft.
$426
per Sq. Ft.

Description

Adding to the rental portfolio? Or maybe looking to get started? Look no further than 3 Hazel Street. Unit 1 and 2 offer flexible configuration and can be used as 1 or 2 bedroom units, each with 1 bathroom. Unit 3 is a charming 1 bed 1 bath unit. Unit 1 has had a recent renovation including new kitchen, refinished floors, and installation of a mini-split system offering heating and cooling. All units have separate electric and gas utilities. Still room for value-add by increasing rents, by doing...Adding to the rental portfolio? Or maybe looking to get started? Look no further than 3 Hazel Street. Unit 1 and 2 offer flexible configuration and can be used as 1 or 2 bedroom units, each with 1 bathroom. Unit 3 is a charming 1 bed 1 bath unit. Unit 1 has had a recent renovation including new kitchen, refinished floors, and installation of a mini-split system offering heating and cooling. All units have separate electric and gas utilities. Still room for value-add by increasing rents, by doing cosmetic updates, and adding in-building laundry. This 3-family is nicely situated between Salem State University and Downtown, and will be in close proximity to the proposed South Salem Station. Salem and surrounding towns offer great amenities such as beaches, golf courses, restaurants, shops, and nature trails. A great long term play, 3 Hazel St will be a great investment!
  1. Listed by Jonathan McCarron • William Raveis R.E. & Home Services

Property Details for 3 Hazel Street

Town
Salem
Area
MA-Salem
Garage Spaces
0
Parking Spaces
.00
LISTING UPDATED: 11/05/2024 07:04 AM

Property Details for 3 Hazel Street

StatusActive
MLS #73306955
Days on Market25
Taxes$7,326 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family
Year Built1915
CountyEssex County

Building Information for 3 Hazel Street

Stories6Residences3Year Built1915Building Size-Lot Size0.04 AC / 1,673 SF

Property Information for 3 Hazel Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Walk/Jog Trails, Laundromat, T-Station, University
  • Living Area: 2056.0
  • Color: Gray
  • SqFt with Basement: No
  • Total Units: 3
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Range, Dishwasher, Microwave, Refrigerator
  • Basement Features: Full
  • Num of Baths: 3.0
  • Num of Full Baths: 3
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 3.00
  • Bathrooms Total Integer: 3
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Vinyl, Carpet
  • Interior Features: Ceiling Fan(s), Stone/Granite/Solid Counters, Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen
  • SpaYN: No
Exterior Features
  • Exterior Features: Balcony/Deck, Balcony, Rain Gutters
  • Exterior Features: Balcony, Porch, Deck - Wood
  • Lot Description: Easements
  • Patio And Porch Features: Porch, Deck - Wood
  • Roof Material: Slate
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Open Parking: Yes
Utilities
  • Cooling: Ductless Mini-Split System
  • Cooling: Yes
  • Electric: Circuit Breakers, Individually Metered
  • Heating: Ductless, Electric
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
  • Disclosures: Unit 2 has had lead paint work done. Unknown in Unit 1 and 3. See attachments. Some "weeping" in field stone foundation by stairs when it rains.1 Hazel has driveway easement,left side of 3 Hazel Street building. Real Estate agent has ownership interest. Under market rents.
Tax Information
  • Tax ID: M:33 L:0291,2134848
  • Assessments: $630,500
  • Book: 33779
  • Tax Year: 2024
  • Zoning: R2
Building / Association Information
Living Characteristics
  • Beds Total: 5
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Stone
Income / Expenses
  • GOI: $54,300.00
  • NOI: $54,300.00
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: 2
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Lease U3: Y
  • Levels U3: 1
Rental Info
Rental Info
  • Total Actual Rent: $4,525.00

Property History for 3 Hazel 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 3 Hazel Street

Taxable ValueLand$141,100Additions$489,400Total$630,500
Tax Record2024$7,326 ($610 / month)
Home Facts
Baths3Total Finished SqFt2,056 SqFtAbove Grade Finished SqFt2,056 SqFtUnfinished Basement SqFt918 SqFtStories2Lot Size1,673 SqFtStyleTriplexYear Built1915ZoningR2CountyESSEXAPNSALE M:33 L:0291

Schools near 3 Hazel 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

Witchcraft Heights 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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3 Hazel Street is a multi-family home for sale in Salem, MA 01970. This property was listed for sale on October 28, 2024 by William Raveis R.E. & Home Services, it's currently listed at $875,000. It has been on the market for a total of 25 days and was last sold on December 31, 2014. This listing's school district is Salem School District. Nearby schools include Horace Mann Laboratory, Bates Elementary School and Witchcraft Heights Elementary School. 3 Hazel Street is a 5-bed, 3-bath, 2,056 sqft multi-family home built in 1915.

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 William Raveis R.E. & Home Services, Jonathan McCarron

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.