Boston Luxury Condos and Apartments
355 Boylston St / (617) 233-5800

3 S Shore Rd

Salem, NH ID #73389898

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3 S Shore Rd

- Salem, NH ID #73389898

Property Description

An exciting investment opportunity with you. Located just minutes from I-93 Exit 2 in a low-density single-family neighborhood, this well-maintained 9-unit apartment building sits on a spacious 1.8-acre lot and is connected to city sewer. The property boasts a large and inviting backyard, ample paved parking, and extraland, all within a short walk of Canobie Lake, which offers seasonal views from the third floor. The building is currently occupied and stabilized, presenting an immediateincome stream. Six of the apartments have been recently and completely renovated, featuring modern kitchens with granite countertops and stainless steel appliances,updated bathrooms, refinished or new hardwood flooring, energy-efficient LED lighting, and new decks, sliding doors, and windows. Each unit is separately metered forheat and electricity and the property currently yields a strong 8% capitalization rate. The property also features a large U-shaped driveway providing ease of access.

Additional Details

  • Status: ACT
  • Type: Multi-Family, 5-9 Family
  • Zip Code: 03079
  • Taxes: 13,222
  • Levels: 7
  • Acres: 1.80

Parking

  • Parking: Paved Drive, Off Street
  • Parking Spaces: 20

Rooms/Dimensions

  • Total Units: 9
  • Total Floors: 7
  • Total Rooms: 29

Location

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3 S Shore Rd, Salem, NH

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Content © 2025 MLS Property Information Network, Inc.
The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Steven Cotran of RE/MAX Area Real Estate Network. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.