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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

    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.

    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
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    Estimated market value

    $833,400