10 Howard Street, Salem MA 01970 – 15 bed 7 bath For Sale – 73240469
Overview
- Updated On:
- February 17, 2025
-
- 73240469
- 15 Bedrooms
- 7 Bathrooms
- 0 Garage Spaces
- 1 Non-Garage Parking
- 1900
Description
Fantastic investment opportunity! Posibility of turning the licensed lodging house into regular apartments (with city approval) or use as short-term rentals (AirBnB) according to city solicitor. It currently offers 15 units with a total of 24 rooms, boasting 4 private baths and 3 common baths. Conveniently situated near the commuter train station and downtown Salem, tenants enjoy easy access to transportation and amenities. With 2 parking spaces, convenience meets practicality. Recently painted and featuring updated cabinetry, this property is turnkey and ready for new ownership as a rooming house. Possibly convert to regular apartments (many rooms have connecting doorways) or condos (city approval required). Newer furnace was put in 2019. Roof reshingled late spring 2021. Floors just completely refinished. Most windows are newer. Don’t miss out on this possible lucrative venture! Floor plans online. Gross income is projected and not actual. Buyers to perform due diligence.
Property Listing Details
Overview
| MLS Status | Pending |
|---|---|
| Price | $ 1,395,000 |
| Living Area | 5,110.00 ft2 |
| Bedrooms | 15 |
| Total Rooms | 24 |
|---|---|
| Listing MLS ID | 73240469 |
| Days on Market | 153 |
| Bathrooms | 7 |
Unit Information
| Bedrooms | 15 |
|---|---|
| Full Bathrooms | 7 |
| Half Bathrooms | 0 |
| Cooling | |
| Heating | Natural Gas |
| Uncovered Parking | 1 |
| Garage Parking | 0 |
| Water View | |
| Unit Level |
| Common Walls | |
|---|---|
| Laundry Features | |
| Lead Paint | Unknown |
| Outdoor Space Available | |
| Living Area Includes Basement | Full,Interior Entry,Bulkhead |
| Patio And Porch Features | |
| Parking Features | Paved Drive |
| Waterview Features | |
| Flooring | Wood |
Building Information
| Building Name | |
|---|---|
| Units in Building | 15 |
| Pets Allowed | |
| Association Amenities | |
| Pool Features | |
| Waterfront Features | Beach Front,1/2 to 1 Mile To Beach |
| Association Fee Includes | |
| Construction Materials | Frame |
| Year Built | 1900 |
|---|---|
| Security Features | |
| Sewer | Public Sewer |
| Spa Features | |
| Structure Type | |
| Water Source | Public |
| Basement | Full,Interior Entry,Bulkhead |
| Roof |
Additional Details
| Community Features | Public Transportation,Shopping,T-Station |
|---|---|
| Disclosures | Rooming House license is for 15 units. Buyer to do all due diligence on the transfer of the license. Driveway may be partially on neighbor's land. |
| Last Updated | 2025-02-17T16:11:00.000Z |
| Building Area Source | Owner |
| MLS PIN Page | |
| Parcel Number | M:35 L:0151,2136304 |
| Original List Price | 1699000 |
| Listing Office | aluxety |
| Tax Annual Amount | 11088 |
|---|---|
| Tax Assessed Value | 954200 |
| Tax Book Number | 30697 |
| Tax Year | 2024 |
| Year Built Details | Approximate |
| Year Built Source | Public Records |
| Zoning | R2 |
| Listing Agent | armstrong field team |
Amenities and Features
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- Principal and Interest
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What's Nearby
Food
All Souls Lounge
(0.24 miles)
Mercy Tavern
(0.33 miles)
Witchside Tavern
(0.27 miles)
Turner's Seafood - Salem
(0.2 miles)
Crave
(0.38 miles)Health & Medical
Copley Acupuncture
(0.28 miles)
MoveMore Performance Health
(0.19 miles)LivingWell
(0.93 miles)North Shore Physicians Group
(0.79 miles)
Salem Chiropractic Center
(0.97 miles)Shopping
The Coven's Cottage
(0.18 miles)HausWitch
(0.3 miles)
Crow Haven Corner Witch & Psychics Shop
(0.12 miles)New England Magic
(0.13 miles)
Roost & Company
(0.28 miles)Schedule a tour
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10 Howard Street, Salem MA 01970 | © 2024 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. THE NUMBER OF BEDROOMS LISTED ABOVE IS NOT A LEGAL CONCLUSION. EACH PERSON SHOULD CONSULT WITH HIS/HER OWN ATTORNEY, ARCHITECT OR ZONING EXPERT TO MAKE A DETERMINATION AS TO THE NUMBER OF ROOMS IN THE UNIT THAT MAY BE LEGALLY USED AS A BEDROOM. EQUAL HOUSING OPPORTUNITY.
10 Howard Street, Salem MA 01970 – 15 bed 7 bath For Sale – 73240469
$ 1,395,000
Status: Pending
10 Howard Street, Salem MA 01970, Salem, , Essex 01970
Country: US
Property Overview
MLS #: 73240469
Type: 5+ Family - 5+ Units Up/Down /
Action: Residential Income
Year Built: 1900 (Approximate, Source: Public Records, Effective: )
Living Area: 5,110.00 ft2 (Total: 5110 Square Feet, Source: Owner)
Lot Size: 0.04 ft2 (Area: 0.04 Acres, SqFt: 1668)
Total Rooms: 24
Condition:
Availability:
Building Name:
Interior Features
Bedrooms: 15 (Main Level: )
Bathrooms: Total: 7 (Full: 7, Half: 0, Decimal: 7, Main Level: )
Basement: Full,Interior Entry,Bulkhead
Fireplaces: 0 ()
Flooring: Wood
Laundry:
Window Features: Insulated Windows
Door Features:
Accessibility:
Entry: Level , Location:
Other Equipment:
Construction & Design
Style:
Materials: Frame
Foundation: Other (Area: )
Roof:
Stories: 11 (11)
Common Walls:
Body Type:
Utilities & Green Features
Heating: Natural Gas
Cooling:
Water Source: Public
Sewer: Public Sewer ()
Utilities:
Electric: Circuit Breakers,200+ Amp Service (Expense: 12000)
Gas:
Energy Certificate:
Green Energy Efficient:
Green Energy Generation:
Green Indoor Air Quality:
Green Water Conservation:
Insulation:
Exterior & Lot Features
Garage Spaces: 0
Covered Spaces: 0
Parking Total: 1
Parking Features: Paved Drive
Pool:
Spa:
Patio/Porch:
Fencing:
Lot Features:
View: (, Waterview Y/N: )
Waterfront: Beach Front,1/2 to 1 Mile To Beach
Road Frontage: ()
Road Surface:
Road Responsibility:
Other Structures:
Horse Amenities:
Wooded Area:
Pasture Area:
Cultivated Area:
Additional Parcels: (Number: )
Outdoor Space:
Community & Association
Community Features: Public Transportation,Shopping,T-Station
Association Fee: ()
Fee Includes:
Association Amenities:
Pets Allowed:
Schools: E: , M: , H:
Zoning: R2 ()
MLS Area: Major: , Minor:
Management:
Optional Fee: (Includes: )
Property Description
Fantastic investment opportunity! Posibility of turning the licensed lodging house into regular apartments (with city approval) or use as short-term rentals (AirBnB) according to city solicitor. It currently offers 15 units with a total of 24 rooms, boasting 4 private baths and 3 common baths. Conveniently situated near the commuter train station and downtown Salem, tenants enjoy easy access to transportation and amenities. With 2 parking spaces, convenience meets practicality. Recently painted and featuring updated cabinetry, this property is turnkey and ready for new ownership as a rooming house. Possibly convert to regular apartments (many rooms have connecting doorways) or condos (city approval required). Newer furnace was put in 2019. Roof reshingled late spring 2021. Floors just completely refinished. Most windows are newer. Don’t miss out on this possible lucrative venture! Floor plans online. Gross income is projected and not actual. Buyers to perform due diligence.
Room Details
Living Room (): x ( sqft) - Features:
Dining Room (): x ( sqft) - Features:
Kitchen (): x ( sqft) - Features:
Master Bedroom (): x ( sqft) - Features:
Master Bathroom: Features:
Laundry Dimensions:
Multi-Unit Information (if applicable)
Total Units: 15
Units Owner Occupied:
Unit 1: Beds: 2, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 0, Lease: N
Unit 2: Beds: 1, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 0, Lease: N
Unit 3: Beds: 1, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: , Lease: N
Unit 4: Beds: 1, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: , Lease: N
Complex Complete:
Unit Building:
Financial & Lease Information
Tax Annual Amount: 11088 (Year: 2024)
Tax Assessed Value: 954200
Tax Block/Lot/Book/Map: / / 30697 /
Parcel Number: M:35 L:0151,2136304
Special Licenses:
Current Financing:
Gross Income: 200000 (Scheduled: 4800)
Net Operating Income: 148733
Operating Expense: 41267 (Water/Sewer: 6000, Insurance: 7280)
Financial Data Source: Estimated,Owner,Projected
APOD Available: No
Tenant Pays:
Rent Includes: Unit 1(Heat,Electric,Gas,Water,Hot Water),Unit 2(Heat,Electric,Water,Hot Water),Unit 3(Heat,Electric,Water,Hot Water),Unit 4(Heat,Electric,Water,Hot Water)
Total Actual Rent: 16700
Lease Term: (Existing Type: )
Deposit Required: (Security: , First Month: , Last Month: )
Insurance Required:
References Required:
Listing & Agent Information
Listing Agent: (MLS ID: TEAM0455) / Team: C0001457
Listing Office: (MLS ID: AN8387)
Agent (Property):
Buyer Agent MLS ID:
Buyer Office MLS ID:
Listing Agreement: Exclusive Right To Sell,ER w/Dual Rate Comm.
Listing Contract Date: 2024-05-20
Expiration Date: 1900-01-01
Original List Price: 1699000
Price Per SqFt (List): 272.99
Market Time (Property): 153 (Broker: 153, Prev Broker: , Prev Property: 0)
MLS Status: Under Agreement
Possession:
Directions: Brown Street to Howard Street.
Disclosures: Rooming House license is for 15 units. Buyer to do all due diligence on the transfer of the license. Driveway may be partially on neighbor's land., N
Lead Paint: Unknown
Title 5:
Exclusions:
Contingency:
Special Listing Conditions:
Lender Owned:
Short Sale Lender Approval Required:
Home Warranty Y/N:
Documents Available: (Count: )
Showings Deferral Date:
Open House Flag:
Listing Alert: No
Square Feet Disclosures: Room count does not include common areas or baths (Incl. Base: No, Other: )
Master Book/Page: / (Page: 238)
Sale Information (if applicable)
Close Date:
Close Price:
Price Per SqFt (Sold):
Anticipated Sold Date: 2025-02-21T05:00:00.000Z
Concessions Amount:
Purchase Contract Date: 2024-10-28
Sold vs Rent:
System Information
Property ID: 1606194
Modification Timestamp: 2025-02-17T16:11:00.000Z
Bridge Modification Timestamp: 2025-02-17T16:12:32.844Z
Original Entry Timestamp: 2024-05-20T13:42:00.000Z
Status Change Timestamp: 2024-10-28T17:52:00.000Z
Off Market Date: 2024-10-28
Development Status:
Business Type:
