Overview Property Details Payment Calculator Walkability

Pending

1 Japonica Ave, Salem MA 01970

$1,075,000

Estimated $2,705.69/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $358,333.33

Total Rent: 0/year

Estimated CAP Rate: -1.07%

8 Bedrooms

3 Full, 1 Half Baths

5,418 SqFt

Total Parking: 12 (2 Garage)

11,935 SqFt

We are pleased to present this multifamily offering which consists of 3 large units, ample on-site parking, and two garages currently used as parking and storage. The property has been very well maintained but offers investors and end-users future value through cosmetic impr...

This home has been viewed 21 times

Last Checked: May 30th, 2025 at 5:53am (Source: MLS PIN #73356930)

Gross Income: $0

Gross Expenses: $11,551

Net Income Calc: $11,551

CAP Rate: -1.07%

Annual Expenses for 1 Japonica Ave, Salem MA 01970

Total Gross Expenses (Calculated)$11,551/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$11,551

Annual Income & Unit Breakdown for 1 Japonica Ave, Salem MA 01970

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseY

Bedrooms4

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 1 Japonica Ave, Salem MA 01970

Listing ID73356930

Property TypeMulti Family / 3 Family

Price$1,075,000 ($198.41/SqFt)

Style3 Family - 3 Units Up/down

CitySalem

CountyEssex

MLS Area

Neighborhood(s)Ipswich

Approximate Living Area Total5,418 SqFt

Approximate Lot Size (Acres)0.27 acres

Total Parking12 (2 Garage)

Garage Parking2 / Detached

Year Built1915

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesOther

Foundation Area

Foundation DescriptionOther

Accessible Features

Outdoor Space

ZoningR1

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 1 Japonica Ave, Salem MA 01970

Lead Paint

UFFI

Living Area Includes BasementYes

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$0

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation1%

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 1 Japonica Ave, Salem MA 01970

Real Estate Taxes$11,551

Tax Year2025

Assessed Value$1,018,600

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$0

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-1.07%

Location Information for 1 Japonica Ave, Salem MA 01970

Elementary School

Middle School

High School

Neighborhood(s)Ipswich

MLS Area

Area AmenitiesPublic Transportation

Contact Information for 1 Japonica Ave, Salem MA 01970

Agent

Name: Kevin Benzinger

MLS ID: CN216101

Office ID: AN8461

Address: 88 Prince Street

City: Boston

State: MA

Zip: 02113

Office

Name: Boston Realty Advisors

MLS Office ID: AN8461

Phone: 617-375-7900

Team Members

Name: Christopher Hatem

MLS ID: CN258642

Office ID: AN8461

Phone: 781-690-4037

City: Westwood

State: MA

Payment Calculator

$7,586.39 per month

30 Years Fixed, 6.75% Interest

Property Taxes $962.58

Principal & Interest $6,623.81

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Boston Realty Advisors

Kevin Benzinger

Agent Phone

Office Phone

(617) 375-7900

Text Agent Call Agent Call Office

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[pasture_area] => None
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[perc_test_date] => Unknown
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EXIT

Pending

1 Japonica Ave, Salem MA 01970

$1,075,000

Annual Expenses for 1 Japonica Ave, Salem MA 01970

Annual Income & Unit Breakdown for 1 Japonica Ave, Salem MA 01970

General Information for 1 Japonica Ave, Salem MA 01970

Disclosures for 1 Japonica Ave, Salem MA 01970

Financial Information for 1 Japonica Ave, Salem MA 01970

Location Information for 1 Japonica Ave, Salem MA 01970

Contact Information for 1 Japonica Ave, Salem MA 01970

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Boston Realty Advisors

Kevin Benzinger