7 Hancock Street

Salem, MA 01970

$1,499,900
Price
10
Beds
4
Baths
5,548 Sq. Ft.
$270 / Sq. Ft.
5,548
Sq. Ft.
$270
per Sq. Ft.

Description

This exceptional multi-family home in the heart of historic Salem is located on a peaceful street, just moments away from Salem State, Pickering Wharf, Forest River Park, and all the magic of downtown Salem. This property is a rare gem with endless potential! Inside, discover 4 townhouse-style units: Two spacious 3-bedroom units, one charming and styled 2-bedroom unit, and a 4-bedroom unit. Each unit exudes historic charm, featuring original hardwood floors, built-in china cabinets, intricate moldings,...This exceptional multi-family home in the heart of historic Salem is located on a peaceful street, just moments away from Salem State, Pickering Wharf, Forest River Park, and all the magic of downtown Salem. This property is a rare gem with endless potential! Inside, discover 4 townhouse-style units: Two spacious 3-bedroom units, one charming and styled 2-bedroom unit, and a 4-bedroom unit. Each unit exudes historic charm, featuring original hardwood floors, built-in china cabinets, intricate moldings, and elegant French doors. Thoughtful updates include new appliances, chic lighting fixtures, beautiful tile work, and refinished hardwood floors in two units—a perfect blend of classic elegance and modern comfort. Enjoy five off-street parking spaces, a shared fenced yard, and a basement. Whether you’re an investor adding a timeless property to your portfolio or an owner-occupant seeking a special home, this property has it all! Don't miss your chance to own a piece of historic Salem!
  1. Listed by Shannon McInnis • Keller Williams Realty Evolution

Property Details for 7 Hancock Street

Town
Salem
Area
MA-Salem
Garage Spaces
0
Parking Spaces
5.00
Parking Spaces Total
5

Open Houses

Sunday, Nov 17th

12:00 PM - 2:30 PM

Public

Sunday, Nov 17th

4:30 PM - 6:30 PM

Public

LISTING UPDATED: 11/15/2024 02:15 PM

Property Details for 7 Hancock Street

StatusNew
MLS #73312820
Days on Market3
Taxes$14,159 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 4 Family
Year Built1917
CountyEssex County

Virtual Tour

Building Information for 7 Hancock Street

Stories8Residences4Year Built1917Building Size-Lot Size0.14 AC / 6,120 SF

Property Information for 7 Hancock Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Living Area: 5548.0
  • SqFt with Basement: No
  • Total Units: 4
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
  • Basement Features: Full
  • 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
  • Flooring: Wood, Tile, Vinyl, Carpet
  • Laundry Features: Washer & Dryer Hookup
  • SpaYN: No
Exterior Features
  • Roof Material: Shingle, Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street
  • Parking Features: Off-Street
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: Yes
  • Lot Size Units: Acres
  • Disclosures: Please note one unit has a 4th bedroom that must be accessed through the third bedroom.
Tax Information
  • Tax ID: M:33 L:0263,2134817
  • Assessments: $1,218,500
  • Book: 40294
  • Tax Year: 2024
  • Zoning: R2
Building / Association Information
Living Characteristics
  • Beds Total: 10
  • Total Living Levels: 8
Other Building Characteristics
  • Foundation: Stone
  • Heat Units: 4
Income / Expenses
  • GOI: $112,200.00
  • NOI: $112,200.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 2
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 2
Unit 3 Description
  • Floor U3: 1
  • Lease U3: N
  • Levels U3: 2
Unit 4 Description
  • Floor U4: 2
  • Lease U4: N
  • Levels U4: 2
Rental Info
Rental Info
  • Total Actual Rent: $9,350.00

Property History for 7 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 7 Hancock Street

Taxable ValueLand$166,500Additions$1,052,000Total$1,218,500
Tax Record2024$14,159 ($1,180 / month)
Home Facts
Baths4Total Finished SqFt5,548 SqFtAbove Grade Finished SqFt5,548 SqFtUnfinished Basement SqFt2,172 SqFtStories3Lot Size6,120 SqFtStyleMulti-Family Res (5+ Units)Year Built1917ZoningR2CountyESSEXAPNSALE M:33 L:0263

Schools near 7 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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7 Hancock Street is a multi-family home for sale in Salem, MA 01970. This property was listed for sale on November 14, 2024 by Keller Williams Realty Evolution, it's currently listed at $1,499,900. It has been on the market for a total of 3 days and was last sold on September 20, 2021. This listing's school district is Salem School District. Nearby schools include Horace Mann Laboratory, Bates Elementary School and Carlton Elementary School. 7 Hancock Street is a 10-bed, 4-bath, 5,548 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 Keller Williams Realty Evolution, Shannon McInnis

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.