11 Hancock St Salem MA 01970 MLS #73294342

11 Hancock St
Salem, MA, 01970
$1,175,000
4 Beds
4 Baths
2,974 SqFt
0.09 Acres
$1,175,000
11 Hancock St
Salem, MA, 01970
This well-maintained four-family property consists of four 1-bedroom units, perfectly situated near Salem’s commuter rail and Salem State University. Each unit features hardwood floors and abundant natural light. The property includes on-site laundry and off-street parking, rare amenities in this sought-after area.Located just minutes from Salem’s historic downtown, with its rich culture, dining, and entertainment options. With stable rental income and significant potential for growth, this property is an investor’s dream. The proximity to major transportation and educational hubs ensures consistent demand year-round. Don’t miss your chance to own this exceptional investment in one of Salem’s most desirable locations.

Property Details

Price:
$1,175,000
MLS #:
73294342
Status:
Active
Beds:
4
Baths:
4
Address:
11 Hancock St
Type:
Multi Family
Subtype:
4 Family
City:
Salem
Listed Date:
Sep 24, 2024
State:
MA
Finished Sq Ft:
2,974
Total Sq Ft:
2,974
ZIP:
01970
Lot Size:
3,707 sqft / 0.09 acres (approx)
Year Built:
1917
Units:
4

Schools

Interior

Bathrooms
4 Full Bathrooms
Cooling
Window Unit(s)
Heating
Natural Gas

Exterior

Community Features
Public Transportation, Shopping, Park, Walk/ Jog Trails, Golf, Medical Facility, Laundromat
Construction Materials
Frame
Parking Features
Assigned
Parking Spots
5
Roof
Slate

Financial

Net Operating Income
$46,800
Tax Year
2024
Taxes
$9,167
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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Courtesy of Herrick Lutts Realty Partners. 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.
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11 Hancock St
Salem, MA