Multi-Family for Sale: 21 Nichols St, Salem, MA 01970 SOLD

2 beds
2 full baths
1,280 sqft
$505,000
$505,000
21 Nichols St, Salem, MA 01970 SOLD
2 beds
2 full baths
1,280 sqft
$505,000
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Selling Price: $505,000
Original List Price: $599,000
Sold at 84.3% of list price
Sold Date: 06/05/2024

Type Multi-Family
Beds 2
Total Baths 2 full baths
Square Feet 1,280 sqft
Lot Size 0.06 acres
Year Built 1961

City Salem
County Essex

MLS 73219947
Status Closed
DOM 62 days
Don't miss this fantastic opportunity! Nestled in the Witchcraft Heights neighborhood of Salem, this beautiful turnkey 2-family home offers both immediate benefits and long-term potential. The first floor has been thoughtfully updated, boasting a brand-new kitchen, bathroom, and fresh paint. Meanwhile, the second floor exudes charm with beautifully restored hardwood floors, a sleek modern kitchen featuring new appliances, and a stunning granite bar countertop. Major updates completed, including a new roof, updated electric system, and vinyl siding, along with separate utilities for each unit. Whether you're an investor looking to maximize income potential by renting out both units or a homeowner seeking to offset mortgage costs by living in one unit while renting out the other, this is for you! First floor to be delivered vacant, 2nd floor lease ends Aug. 31st (tenant wishes to remain). Enjoy easy access to the commuter rail, waterfront, and downtown!

Lot & Building Features

Appliances ENERGY STAR Qualified Dishwasher, Refrigerator, Range, ENERGY STAR Qualified Refrigerator
Construction Frame
Cooling None
Heating Natural Gas
Sewer Public Sewer
Tax Year 2024
Taxes Paid $6,011
Water Public
Foundation Concrete Perimeter
Exterior Features Rain Gutters
Interior Features Bathroom With Tub & Shower, Upgraded Countertops, Pantry, Living RM/Dining RM Combo, Kitchen, Cathedral/Vaulted Ceilings
Roof Asphalt/Composition Shingles
Full Baths 2
Parking Off Street, Tandem, Paved
Total Rooms 8
Basement Feature Full
Garage Spaces 0

Community and Schools

Elementary School Witchcraft
Junior High School Collins
Senior High School Salem

Price History of 21 Nichols St, Salem, MA

Date Name Price Difference
05/08/2024 Price Adjustment $505,000 8.17%
04/19/2024 Price Adjustment $549,900 4.35%
04/10/2024 Price Adjustment $574,900 4.02%
04/04/2024 Listing Price $599,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 21 Nichols St, Salem, MA

Location Map Street View
Photo of Linda Riha
Linda Riha
Assistant Manager/Assoc Broker
Direct: 603-819-1110
Office
185 Plaistow Road, Suite 1
Plaistow, NH 03865
603-382-0360 x10
Listed by Keller Williams Realty Boston Northwest, Cheryl Colarusso
Sold by Colarusso Realty, Alexander Colarusso
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Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Keller Williams Realty Boston Northwest

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.