19 Nichols, Salem, MA 01970

Salem
Local realty services provided by:Better Homes and Gardens Real Estate The Shanahan Group
19 Nichols,Salem, MA 01970
$925,000
  • 9 Beds
  • 4 Baths
  • 4,420 sq. ft.
  • Multi-family
  • Active
Listed by: francesca little, francesca little
Office: little & co., realtors®
MLS#:73594996
Source:MLSPIN

Price summary

  • Price:$925,000
  • Price per sq. ft.:$209.28

About this home

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.

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Home facts

  • Year built:1890
  • Listing ID #:73594996
  • Updated:November 03, 2026 at 12:36 PM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:4
  • Full bathrooms:4
  • Rooms Total:14
  • Basement Description:Finished, Full
  • Living area:4,420 sq. ft.

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Roof:Shingle
  • Year built:1890
  • Building area:4,420 sq. ft.
  • Lot area:0.06 Acres
  • Foundation Description:Stone

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$925,000
  • Price per sq. ft.:$209.28
  • Tax amount:$7,797 (2025)

Parking

  • Total parking spaces:4
  • Parking description:Off Street
The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein.

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