17 Dunlap is perfect opportunity for a first foray into investment properties, someone looking to add to an existing portfolio or an owner-occupier. The first and second floor have an expansive living/dining room, large kitchen, 3 bedrooms, and in unit laundry available. The second floor unit also boasts a third floor add on including large bathroom with tub, walk in shower and extensive closet space. There are decks on both the front and back of the building as well as a full basement for extra storage. 4 off street parking spaces, close proximity to the commuter rail as well as eveything downtown has to offer make this building desirable for any renter or owner-occupier alike.
This home has been viewed 134 times
Last Checked: April 10th, 2025 at 5:08am (Source: MLS PIN #73314878)
Gross Income: $78,000
Gross Expenses: $9,004
Net Income Calc: $68,996
CAP Rate: 6.00%
Annual Expenses for 17 Dunlap, Salem MA 01970
Total Gross Expenses (Calculated)$9,004/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$9,004
Annual Income & Unit Breakdown for 17 Dunlap, Salem MA 01970
Total Gross Income (Calculated)$78,000
Unit 1
Rental Income$3,000
LeaseY
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water)
Unit 2
Rental Income$3,500
LeaseN
Bedrooms4
Bathrooms2 Full
Floor2
Levels in Unit2
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water)
General Information for 17 Dunlap, Salem MA 01970
Listing ID73314878
Property TypeMulti Family
Price$1,149,999 ($331.6/SqFt)
StyleMulti Family
CitySalem
CountyEssex
MLS Area
Neighborhood(s)Ipswich
Approximate Living Area Total3,468 SqFt
Approximate Lot Size (Acres)0.08 acres
Total Parking4
Garage Parking
Year Built1915
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesCorner Lot
Foundation Area
Foundation DescriptionStone,Brick/Mortar
Accessible Features
Outdoor Space
ZoningR1
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 17 Dunlap, Salem MA 01970
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$78,000
Total Net Income By Broker$78,000
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 17 Dunlap, Salem MA 01970
Real Estate Taxes$9,004
Tax Year2024
Assessed Value$774,900
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$78,000
BostonRealEstate.com Gross Income
Total Net Income By Broker$78,000
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)6.00%
Location Information for 17 Dunlap, Salem MA 01970
Elementary School
Middle School
High School
Neighborhood(s)Ipswich
MLS Area
Area AmenitiesHouse Of Worship, Shopping, Park, Public Transportation