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Active

19 Nichols, Salem MA 01970

$925,000

Estimated $2,150/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $308,333.33

Total Rent: 83700/year

Estimated CAP Rate:

9 Bedrooms

Baths

4420

Total Parking: 4

2,614 (0.06)

Fantastic opportunity to own a well-maintained, income producing three-family property in desirable Salem! The Property features spacious units and a versatile layout making it ideal for both owner-occupants and investors looking to generate rental income. The first floor offers four (4) bedrooms spanning two levels while the second floor offers three (3) large bedrooms and two (2) full bathrooms. The vacant third-floor unit features two (2) bedrooms, providing the perfect opportunity for an owner-occupant or an investor looking to secure an additional rental stream. The two occupied units currently generate $7,000 in gross monthly rental income including coin op laundry. Heat and hot water are included in the rents. Four off-street parking spaces add even more convenience and value. With generous living spaces, strong existing rental income, and a vacant unit ready for its next chapter, this is an excellent opportunity to invest in Salem's multifamily market.

This home has been viewed 13 times

Last Checked: October 27th, 2026 at 7:43am (Source: MLS PIN #73594996)

Gross Income: $83,700

Gross Expenses: $21,487

Net Income Calc: $62,213

Annual Expenses for 19 Nichols, Salem MA 01970

Total Gross Expenses (Calculated)$21,487/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax7797

Annual Income & Unit Breakdown for 19 Nichols, Salem MA 01970

Total Gross Income (Calculated)$83,700

Unit 1

Rental Income$0

LeaseY

Bedrooms4

Bathrooms1 Full

Floor1

Levels in Unit2

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseY

Bedrooms3

Bathrooms2 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

Lease

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

Rent IncludesHeat

General Information for 19 Nichols, Salem MA 01970

Listing ID73594996

Property TypeMulti Family / 3 Family

Price925000 ($209.28/SqFt)

Style3 Family

CitySalem

CountyEssex

Neighborhood(s)Ipswich

Approximate Living Area Total4420

Approximate Lot Size (Acres)0.06

Total Parking4

Garage Parking0

Year Built1890

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningR1

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 19 Nichols, Salem MA 01970

Lead PaintNone

UFFI

Living Area Includes BasementYes

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsAll Tenant Possessions

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 19 Nichols, Salem MA 01970

Real Estate Taxes7797

Tax Year2025

Assessed Value$717,200

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 19 Nichols, Salem MA 01970

Neighborhood(s)Ipswich

Area AmenitiesWalk/jog Trails

Contact Information for 19 Nichols, Salem MA 01970

Agent

Name: Francesca Little

Office

Name: Little & Co., REALTORS®

Phone: 978-745-4447

Team Members

Payment Calculator

, Interest

Property Taxes 649.75

Principal & Interest 5699.56

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Little & Co., REALTORS®

Francesca Little

Agent Phone

Office Phone

(978) 745-4447

Text Agent Call Agent Call Office

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    [unparsed] => 19 Nichols, Salem MA 01970
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EXIT

19 More Photos

Active

19 Nichols, Salem MA 01970

$925,000

Annual Expenses for 19 Nichols, Salem MA 01970

Annual Income & Unit Breakdown for 19 Nichols, Salem MA 01970

General Information for 19 Nichols, Salem MA 01970

Disclosures for 19 Nichols, Salem MA 01970

Financial Information for 19 Nichols, Salem MA 01970

Location Information for 19 Nichols, Salem MA 01970

Contact Information for 19 Nichols, Salem MA 01970

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Little & Co., REALTORS®

Francesca Little