A CORNER LOT !!! - An incredible opportunity to own a well-maintained multifamily in the heart of Salem, MA, perfect for investors or owner occupants looking to offset their mortgage with rental income. With plenty of parking off the street and on the street without permi...
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Last Checked: June 1st, 2025 at 9:23am (Source: MLS PIN #73372880)
Gross Income: $109,272
Gross Expenses: $9,577
Net Income Calc: $99,695
CAP Rate: 7.67%
Beach Front
Annual Expenses for 12-14 Mason St, Salem MA 01970
Total Gross Expenses (Calculated)$9,577/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$9,577
Annual Income & Unit Breakdown for 12-14 Mason St, Salem MA 01970
Total Gross Income (Calculated)$109,272
Unit 1
Rental Income$2,653
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent Includes
Unit 2
Rental Income$2,653
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent Includes
Unit 3
Rental Income$3,800
LeaseU
Bedrooms4
Bathrooms2 Full
Floor2
Levels in Unit1
HeatingYes
Rent Includes
General Information for 12-14 Mason St, Salem MA 01970
Listing ID73372880
Property TypeMulti Family / 3 Family
Price$1,300,000 ($280.47/SqFt)
Style3 Family
CitySalem
CountyEssex
MLS Area
Neighborhood(s)Ipswich
Approximate Living Area Total4,635 SqFt
Approximate Lot Size (Acres)0.1 acres
Total Parking8
Garage Parking
Year Built1850
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesCorner Lot
Foundation Area
Foundation DescriptionConcrete Perimeter,Stone
Accessible Features
Outdoor SpaceDeck, Enclosed, Patio
ZoningR2
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront FeaturesDirect Access, Ocean, Walk To, Beach Front, Beach Ownership(public), 0 To 1/10 Mile To Beach
Energy FeaturesScreens, Picture Window, Insulated Windows, Skylight(s), Storm Window(s)
Terms
Disclosures for 12-14 Mason St, Salem MA 01970
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area DisclosureListing agent is not responsible for discrepancie
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data SourceOwner
Total Gross Expenses By Broker$0
Total Gross Income By Broker$63,672
Total Net Income By Broker$63,672
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 12-14 Mason St, Salem MA 01970
Real Estate Taxes$9,577
Tax Year2024
Assessed Value$824,200
Financial Data SourceOwner
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$63,672
BostonRealEstate.com Gross Income
Total Net Income By Broker$63,672
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)7.67%
Location Information for 12-14 Mason St, Salem MA 01970
Elementary School
Middle School
High SchoolShs
Neighborhood(s)Ipswich
MLS Area
Area AmenitiesWalk/jog Trails, Conservation Area, Highway Access, House Of Worship, Shopping, Golf, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, T-station, Pool, Tennis Court(s), Stable(s), Marina, Private School, University, Other, Sidewalks
Contact Information for 12-14 Mason St, Salem MA 01970