This exceptional multi-family home in the heart of historic Salem is located on a peaceful street, just moments away from Salem State, Pickering Wharf, Forest River Park, and all the magic of downtown Salem. This property is a rare gem with endless potential! Inside, discover 4 townhouse-style units: Two spacious 3-bedroom units, one charming and styled 2-bedroom unit, and a 4-bedroom unit. Each unit exudes historic charm, featuring original hardwood floors, built-in china cabinets, intricate moldings, and elegant French doors. Thoughtful updates include new appliances, chic lighting fixtures, beautiful tile work, and refinished hardwood floors in two units—a perfect blend of classic elegance and modern comfort. Enjoy five off-street parking spaces, a shared fenced yard, and a basement. Whether you’re an investor adding a timeless property to your portfolio or an owner-occupant seeking a special home, this property has it all! Don't miss your chance to own a piece of historic Salem!
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Last Updated: November 21st, 2024 at 9:33am
General Information for 7 Hancock St, Salem, Massachusetts 01970
Property TypeResidential Income
Property Sub TypeMulti Family
Price$1,499,900
Price per sqft$270.35
MLS #73312820
Handicap Access / FeaturesNo
List Date2024-11-14
Special Listing Conditions
StateMassachusetts
Street NameHancock St
CitySalem
Zip Code01970
CountyEssex
MLS Status
Covered Parking Spaces0
Heating Y/NNo
Heating System
Heat Zones
Sold Date
Property Sub TypeMulti Family
Building Area SourcePublic Records
Building Area Total5548
Building Area Units0
CarportNo
Close Date
Close Price$0
Covered Parking Spaces0
Listing Service
UnparsedAddress7 Hancock St, Salem MA 01970
Zoning
Interior Features for 7 Hancock St, Salem, Massachusetts 01970
* Approx. Living Area Total5,548 sq ft
Living Area Includes BasementNo
Bedrooms10
* # Fireplaces0
Bathrooms (Total)4
Full Baths4
* # Half Baths0
* # Rooms
Basement
Heating System
Appliances
Electric
Living Area Disclosure
Living Area Includes BasementNo
Door Features
ElectricNo
Electric$0
MLS Area (Major)
MLSPIN_BEDRMS_12
MLSPIN_BEDRMS_23
MLSPIN_BEDRMS_33
MLSPIN_BEDRMS_43
MLSPIN_FLRS_1
MLSPIN_FLRS_2
MLSPIN_FLRS_3
MLSPIN_FLRS_4
MLSPIN_F_BTHS_11
MLSPIN_F_BTHS_21
MLSPIN_F_BTHS_31
MLSPIN_F_BTHS_41
MLSPIN_GRE$0
MLSPIN_HTE$0
MLSPIN_H_BTHS_10
MLSPIN_H_BTHS_20
MLSPIN_H_BTHS_3 0
MLSPIN_H_BTHS_40
OffMarketDate
Exterior Features for 7 Hancock St, Salem, Massachusetts 01970
* Approximate Lot Size0.14 acres
Covered Parking Spaces0
Lot Features
* Parking Spaces5
* Sewer Utilities
* Water Utilities
* Year Built1917
Year Built Details
Year Built SourcePublic Records
Construction Materials
Exterior Features
Foundation Area
Foundation MaterialsGranite
Approx. Street Frontage
Horse PermittedNo
Horse Amenities
Parking Features
Utilities
Lot Size (Square Feet)6,120 Sqft
Disclosures for 7 Hancock St, Salem, Massachusetts 01970
Buyer Agent Compensation
Contingency
Financing
Disclosures
Documents Available
Exclusions
MLSPIN_COMP_BASED_ON
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREN
Lead PaintYes,Certified Treated
Living Area Disclosure
Living Area Includes BasementNo
Facilitator Compensation
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 7 Hancock St, Salem, Massachusetts 01970
Assessed Value
Real Estate Tax$0
Tax Year
Financial Data Source
Gross Income$112,200
Insurance Expense$0
MLSPIN_LEASE_1
MLSPIN_LEASE_2
MLSPIN_LEASE_3
MLSPIN_LEASE_4
MLSPIN_LEVELS_12
MLSPIN_LEVELS_22
MLSPIN_LEVELS_32
MLSPIN_LEVELS_42
MLSPIN_MGF$0
MLSPIN_MSE$0
MLSPIN_RENT12900
MLSPIN_RENT23400
MLSPIN_RENT30
MLSPIN_RENT43050
MLSPIN_RFS$0
MLSPIN_RME$0
MLSPIN_SOLD_PRICE_PER_SQFT$0
NetOperatingIncome$112,200
OperatingExpense$0
OriginalListPrice$1,499,900
RENT_FEE_INCLUDESUnit 1(water)
TOTAL_RENT9350
WaterSewerExpense$0
Lifestyle Information for 7 Hancock St, Salem, Massachusetts 01970
FireplaceYNNo
Frontage Type
GarageYNNo
Waterview
Pool Features
Waterfront Features
Location information for 7 Hancock St, Salem, Massachusetts 01970
Elementary School
Middle School
High School
NumberOfUnitsTotal4
Marketing History for 7 Hancock St, Salem, Massachusetts 01970
MLSPIN_MARKET_TIME_BROKER6
MLSPIN_MARKET_TIME_PROPERTY6
PurchaseContractDate
Agent Information for 7 Hancock St, Salem, Massachusetts 01970