Overview Property Details Payment Calculator Walkability

Active

12-14 Mason St, Salem MA 01970

$1,300,000

Estimated $2,906.02/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $433,333.33

Total Rent: 109272/year

Estimated CAP Rate: 7.67%

8 Bedrooms

4 Full Baths

4,635 SqFt

Total Parking: 8

4,454 SqFt

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...

This home has been viewed 18 times

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

Agent

Name: Albania Perez

MLS ID: CN243628

Office ID: AN6887

National Association ID: 449597515

Address: 3 Wells Road

City: Salem

State: NH

Zip: 03079

Office

Name: Keller Williams Realty Evolution

MLS Office ID: AN6887

Phone: 781-395-5600

Payment Calculator

$8,808.27 per month

30 Years Fixed, 6.75% Interest

Property Taxes $798.08

Principal & Interest $8,010.19

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Keller Williams Realty Evolution

Albania Perez

Agent Phone

Office Phone

(781) 395-5600

Text Agent Call Agent Call Office

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    [description] => 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 permit.  The first floor offers two units (separate utilities)  with two beds-one full bath each. The second floor offer 5bd-2 full baths.  Each unit is completely renovated, with stainless steel applicances and ceramic flooring throughout the entire house. This property features a brandnew, professionally installed roof completed in 2024. Located at 15 miles from Boston.  Open house June 8, 12pm To 1:30pm
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            [0] => 12-14 Mason St, Salem MA 01970
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EXIT

Active

12-14 Mason St, Salem MA 01970

$1,300,000

Annual Expenses for 12-14 Mason St, Salem MA 01970

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Keller Williams Realty Evolution

Albania Perez