$925,000
19 Nichols
Salem, MA, 01970
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. 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 just under $7,000 in gross monthly rental income. 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.
Property Details
Price:
$925,000
MLS #:
73594996
Status:
Active
Beds:
9
Baths:
4
Type:
Multi Family
Subtype:
3 Family
Listed Date:
Oct 26, 2026
Finished Sq Ft:
4,420
Total Sq Ft:
4,420
Lot Size:
2,614 sqft / 0.06 acres (approx)
Year Built:
1890
Units:
3
Schools
Interior
Above Grade Finished Area
4120
Bathrooms
4 Full Bathrooms
Below Grade Finished Area
300
Heating
Natural Gas
Levels
4
Exterior
Community Features
Public Transportation, Park, Medical Facility, Highway Access, Public School, T-Station
Lot Features
Other
Open Parking Spaces
4
Parking Features
Off Street
Parking Spots
4
Parking Total
4
Roof
Shingle
Stories
4
Financial
Tax Year
2025
Taxes
$7,797
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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Map
Current real estate data for Multi Family in Salem as of Oct 26, 2026
24
Multi Family Listed
116
Avg DOM
309
Avg $ / SqFt
$1,331,733
Avg List Price
Community
- Address19 Nichols Salem MA
- CitySalem
- CountyEssex
- Zip Code01970
Subdivisions in Salem
Similar Listings Nearby
Property Summary
- 19 Nichols Salem MA is a Multi Family for sale in Salem, MA, 01970. It is listed for $925,000 To schedule a showing of MLS#73594996 at 19 Nichols in Salem, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of Little & Co., REALTORS®. 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.
19 Nichols
Salem, MA