450 Lafayette St Salem MA 01970 MLS #73307430

450 Lafayette St
Salem, MA, 01970
$1,399,900
5 Beds
4 Baths
3,590 SqFt
0.19 Acres
$1,399,900
450 Lafayette St
Salem, MA, 01970
Live by the water while collecting rent and be just 30 minutes to Boston via the Commuter Line! Currently used as a 2-family, but could easily be converted into a single family.— Owner’s unit — The main level includes a modern kitchen, ½ bath, & a grand fireplaced living room featuring hardwood floors, crown moldings, high ceilings, & oversized windows. The regal central staircase leads up to a sitting area & generous primary suite complete with laundry. The third floor has two bedrooms, a bathroom, & ample storage in the eaves. In the finished basement, you will find additional storage. —Townhouse-style Rental Unit — 2 spacious bedrooms with one overlooking the ocean. Large living room, kitchen, 1.5 baths, and in-unit laundry. – Outdoor Space – Features a patio area with ocean views, a one-car garage, 2 car driveway & extra parking located on the private drive behind this quintessential New England Home.

Property Details

Price:
$1,399,900
MLS #:
73307430
Status:
Active
Beds:
5
Baths:
4
Address:
450 Lafayette St
Type:
Multi Family
City:
Salem
Listed Date:
Oct 29, 2024
State:
MA
Finished Sq Ft:
3,590
Total Sq Ft:
3,590
ZIP:
01970
Lot Size:
8,150 sqft / 0.19 acres (approx)
Year Built:
1910
Units:
2

Schools

Interior

Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Bathrooms
3 Full Bathrooms, 2 Half Bathrooms
Cooling
Window Unit(s)
Fireplaces Total
2
Flooring
Carpet, Hardwood, Other, Stone/ Ceramic Tile
Heating
Hot Water, Natural Gas

Exterior

Community Features
Public Transportation, Shopping, Park, Walk/ Jog Trails, Medical Facility, Bike Path, Conservation Area, House of Worship, Marina, Private School, Public School, T- Station, University
Construction Materials
Frame
Parking Features
Paved Drive, Off Street, Stone/ Gravel
Parking Spots
5
Roof
Slate

Financial

Net Operating Income
$27,000
Tax Year
2024
Taxes
$15,098
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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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