3 S Shore Road, Salem, NH 03079
Local realty services provided by:Better Homes and Gardens Real Estate The Milestone Team
3 S Shore Road,Salem, NH 03079
$2,377,000
- - Beds
- - Baths
- 7,674 sq. ft.
- Multi-family
- Active
Listed by:steve cotran
Office:re/max area real estate network ltd
MLS#:5038205
Source:PrimeMLS
Price summary
- Price:$2,377,000
- Price per sq. ft.:$216.92
About this home
An exciting investment opportunity. 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 extra land, 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 immediate income 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 for heat 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 and plenty of parking for tenants. Unit 9 is a particularly attractive freshly renovated two-bedroom townhome-style unit with sliding doors leading to a private rear deck, along with a new kitchen, bathroom, appliances, and refinished wood flooring. Please note that the principals of the selling entity are licensed real estate agents.
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Home facts
- Year built:1880
- Listing Id #:5038205
- Added:108 day(s) ago
- Updated:August 12, 2025 at 03:15 PM
Rooms and interior
- Living area:7,674 sq. ft.
Heating and cooling
- Heating:Hot Water
Structure and exterior
- Roof:Flat
- Year built:1880
- Building area:7,674 sq. ft.
- Lot area:1.8 Acres
Utilities
- Sewer:Public Available
Finances and disclosures
- Price:$2,377,000
- Price per sq. ft.:$216.92
- Tax amount:$13,283 (2024)
Copyright 2025 Prime MLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of Prime MLS. The information being provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated August 14, 2025New listings near 3 S Shore Road
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