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For sale
  • Price cut: $1K (8/5)
    $2,378,000

    3 S Shore Rd, Salem, NH 03079

    14beds
    7,674sqft
    : 
    5-9 Family
    Built in 1880
    -- sqft lot
    $2,316,600 Zestimate®
    $310/sqft
    $-- HOA

    What's special

    An exciting investment opportunity with you. Located just minutes from I-93 Exit 2 in a low-density single-family neighborhood, this well-maintained 9-unit apartment building sits on a spacious 1.8-acre lot and is connected to city sewer. The property boasts a large and inviting backyard, ample paved parking, and extraland, all within a short walk of Canobie Lake, which offers seasonal views from the third floor. The building is currently occupied and stabilized, presenting an immediateincome stream. Six of the apartments have been recently and completely renovated, featuring modern kitchens with granite countertops and stainless steel appliances,updated bathrooms, refinished or new hardwood flooring, energy-efficient LED lighting, and new decks, sliding doors, and windows. Each unit is separately metered forheat and electricity and the property currently yields a strong 8% capitalization rate. The property also features a large U-shaped driveway providing ease of access.
    60 days
    on Zillow
    |
    882
    |
    34
    |

    Zillow last checked: 7 hours ago

    Listing updated: August 09, 2025 at 12:09am

    Listed by:

    Steven Cotran,

    RE/MAX Area Real Estate Network,

    Steven Cotran

    Source: MLS PIN,MLS#: 73389898
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 3 S Shore Rd.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 14
    • Bathrooms: 9
    • Full bathrooms: 9
    Features
    • Basement: Full
    • Has fireplace: No
    Interior area
    • Total structure area: 7,674
    • Total interior livable area: 7,674 sqft
    • Finished area above ground: 7,674

    Property

    Parking
    • Total spaces: 20
    • Parking features: Paved Drive, Off Street
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Porch
    • Waterfront features: Lake/Pond, 1/2 to 1 Mile To Beach
    Lot
    • Size: 1.8 Acres
    • Features: Gentle Sloping
    Details
    • Parcel number: 590482
    • Zoning: MDL-01

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 5-9 Family
    Materials
    • Frame
    • Foundation: Block, Granite
    • Roof: Other
    Condition
    • Year built: 1880

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Private

    Community & HOA

    Community
    • Features: Other
    Location
    • Region: Salem

    Financial & listing details

    • Price per square foot: $310/sqft
    • Tax assessed value: $785,400
    • Annual tax amount: $13,222
    • Date on market: 6/12/2025
    • Total actual rent: 20010
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