UNIT 1 IS VACANT. UNIT 2 LEASE ENDS MAY 31ST. UNIT 3 TAW, MOVING OUT JULY 31ST. 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. Great long term hold.
Sold for $820,000 on 06/05/25
$820,000
3 Hazel St, Salem, MA 01970
5beds
2,056sqft
3 Family
Built in 1915
-- sqft lot
$833,400 Zestimate®
$399/sqft
$2,974 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: June 06, 2025 at 05:25am
Listed by:
Jonathan McCarron,
William Raveis R.E. & Home Services
Bought with:
Sarah MacBurnie
Ocean's Edge Real Estate
Source: MLS PIN,MLS#: 73352890
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Ductless, Electric
Cooling
- Ductless
Features
- Ceiling Fan(s), Stone/Granite/Solid Counters, Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen
- Flooring: Wood, Vinyl, Carpet
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 2,056
- Total interior livable area: 2,056 sqft
- Finished area above ground: 2,056
Property
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Features
- Patio & porch: Porch, Deck - Wood
- Exterior features: Balcony/Deck, Balcony, Rain Gutters
Lot
- Size: 1,673 sqft
- Features: Easements
Details
- Parcel number: M:33 L:0291,2134848
- Zoning: R2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family
Materials
- Foundation: Stone
- Roof: Slate
Condition
- Year built: 1915
Utilities & green energy
- Electric: Circuit Breakers, Individually Metered
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range
Community & neighborhood
Community
- Community features: Public Transportation, Walk/Jog Trails, Laundromat, T-Station, University
Location
- Region: Salem
HOA & financial
Other financial information
- Total actual rent: 975
Other
Other facts
- Road surface type: Paved
Services availability
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$833,400