Outstanding opportunity to own a well-maintained three-family property in the highly sought-after North Salem neighborhood. This classic multi-family offers three spacious units with separate utilities, off-street parking, and a strong rental history. Located just minutes fr...
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Last Checked: June 16th, 2025 at 8:13pm (Source: MLS PIN #73389555)
Gross Income: $59,400
Gross Expenses: $13,590
Net Income Calc: $45,810
CAP Rate: 4.36%
Annual Expenses for 11 Barr St, Salem MA 01970
Total Gross Expenses (Calculated)$13,590/year
APOD AvailableNo
Heating
Electricity$180
Water$1,040
Gas$1,040
Insurance$3,200
Sewer$1,040
Trash Removal$787
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$8,383
Annual Income & Unit Breakdown for 11 Barr St, Salem MA 01970
Total Gross Income (Calculated)$59,400
Unit 1
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income$2,450
LeaseY
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
Unit 3
Rental Income$2,500
LeaseY
Bedrooms2
Bathrooms1 Full
Floor3
Levels in Unit1
HeatingNo
Rent Includes
General Information for 11 Barr St, Salem MA 01970
Listing ID73389555
Property TypeMulti Family / 3 Family
Price$1,050,000 ($344.94/SqFt)
Style3 Family - 3 Units Up/down
CitySalem
CountyEssex
MLS Area
Neighborhood(s)Ipswich
Approximate Living Area Total3,044 SqFt
Approximate Lot Size (Acres)0.08 acres
Total Parking2
Garage Parking
Year Built1890
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot Features
Foundation Area
Foundation DescriptionStone,Brick/Mortar
Accessible Features
Outdoor SpacePorch
ZoningR2
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 11 Barr St, 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$4,167
Total Gross Income By Broker$59,400
Total Net Income By Broker$54,193
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 11 Barr St, Salem MA 01970
Real Estate Taxes$8,383
Tax Year2025
Assessed Value$739,200
Financial Data Source
Total Gross Expenses By Broker$4,167
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$59,400
BostonRealEstate.com Gross Income
Total Net Income By Broker$54,193
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)4.36%
Location Information for 11 Barr St, Salem MA 01970
Elementary SchoolBates School
Middle School
High School
Neighborhood(s)Ipswich
MLS Area
Area AmenitiesWalk/jog Trails, Conservation Area, House Of Worship, Shopping, Golf, Medical Facility, Bike Path, Public Transportation, Tennis Court(s), Marina, Private School
Contact Information for 11 Barr St, Salem MA 01970