3 Chase Street, Salem MA 01970
Salem, MA 01970
$824,999
$799,900
Est. $4,847/month
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About this home
Don't miss out on this updated multi-family property! This is a large three story multi-family residence located in Salem with close proximity to downtown. Built in 1915, this house is a great opportunity for owner-occupants looking for a move in ready long term investment. Both units have new electrical systems with permits inspected and complete. New and refinished floors, and cosmetic updates throughout. The first floor unit features a living room with fireplace, dining room, kitchen, two bedrooms and one full bath. Plenty of potential and space to add a bedroom. Second floor unit offer three bedrooms, kitchen, and once full bath, as well as access to a walk up 3rd floor unfinished with high ceilings. Additional highlights include parking for 3-4 vehicles, three separate electrical panels all new in 2026, roof and siding replaced approx 11 years ago, boiler installed in 2015, and a hot water heater installed in 2021. This is a rare and special property ready for move in.
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Recently Sold Nearby
Property History
Market Insights
2
Price Changes
21.2%
Price Range
1
Previous Sales
Property Timeline
Back On Market
Aug 22, 2026
Active
Price Increased
Aug 22, 2026
$799,900
+$40,900
(+5.39%)
From $759,000 to $799,900 (+5.4%)
Status: Active under contract
Aug 13, 2026
Active → Active Under Contract
Showing Instructions Updated
Jul 8, 2026
New showing requirements
Price Reduced
Jul 6, 2026
$759,000
$65,999
(-8%)
From $824,999 to $759,000 (-8.0%)
Listed for Sale
Jun 17, 2026
$824,999
Original listing
Office: eRealty Advisors, Inc.
Previous Transaction - MLS #73473055
Full transaction history available when tracking began
Previously Sold
Mar 23, 2026
$650,000
MLS #73473055
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/22/2026 | • Back On Market | - | - | - | Active |
| 08/22/2026 | ↑ Price Increased | $799,900 | +$40,900 | - | From $759,000 to $799,900 (+5.4%) |
| 08/13/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 07/08/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 07/06/2026 | ↓ Price Reduced | $759,000 | $65,999 | - | From $824,999 to $759,000 (-8.0%) |
| 06/17/2026 | 🏠 Listed for Sale | $824,999 | - | - | Original listing |
| 03/23/2026 | 🏷️ Previously Sold | $650,000 | - | - | MLS #73473055 |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $7,224 | $637,000 |
Financial Details
Annual Property Tax
$7,224
Tax Year 2025
Assessed Value
$637,000
Facts & Features
Home Facts
Type
Residential Income
Style
2 Family - 2 Units Up/Down
Year Built
1915
Living Area
3,378 sq ft
Lot Size
0.06 acres
Stories
3
Bedrooms
6
Full Baths
2
Total Rooms
10
Investment Metrics
Units
2
Unit 1 Rent
— · N
Unit 2 Rent
— · N
Interior
Heating
Baseboard, Oil
Cooling
None
Flooring
Wood
Appliances
Range, Refrigerator, Washer, Dryer
Fireplace
Wood Burning
Fireplaces
2
Basement
Full, Walk-out Access, Unfinished
Laundry
Washer Hookup
Features
Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower, Walk-up Attic, Living Room, Dining Room, Kitchen
Exterior
Construction
None
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Tandem, Paved
Total Spaces
3
Utilities
Electric
Common
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range, Washer Hookup
Financial
Annual Tax
$7,224
Assessed Value
$637,000
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
Seller Has Updated Both Units Since Purchase In March 2026. New Wood Floors And Refinished, New Cabinets, Countertops, New Fixtures, New Electrical With Permits Complete Throughout. All Offers, If Any, Are Due By Monday July 13th At 3pm. Please Allow 24 Hours For Response.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
White
Sq Ft Source
Public Record
Documents
None
County
Essex
Total market time (incl. prior listings)
66 days
Property Overview
Property Type
2 Family - 2 Units Up/Down
Listing Type
For Sale
Year Built
1915
Bedrooms
6
Full Bathrooms
2
Living Area
3,378 sq ft
Total Rooms
10
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,378 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood
Appliances:
Range, Refrigerator, Washer, Dryer
Interior Features:
Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower, Walk-Up Attic, Living Room, Dining Room, Kitchen
Windows:
Basement:
Full, Walk-Out Access, Unfinished
Laundry:
Washer Hookup
Security:
Construction & Materials
Year Built:
1915
Structure Type:
Exterior Materials:
Roof:
Shingle
Foundation:
Stone
Stories:
3
Heating, Cooling & Utilities
Heating:
Baseboard, Oil
Cooling:
Hot Water:
Oil
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Other
Road Surface:
Paved
Parking & Garage
Total Parking Spaces:
3
Parking Features:
Tandem, Paved
Special Features
Fireplaces:
2
Fireplace Type:
Wood Burning
Community Amenities:
Nearby Schools
School District
Salem School District local
B-
School Safety
2024-25
3.6%
Above Average
2.3%
Suspensions
0.8%
In-School
1.3%
Emergency
1.9% below state avg
Elementary Schools
9 schools
The Phoenix School
1.0 mi
Grades PK-08
The Greenhouse School
1.2 mi
Grades PK-08
B-
Saltonstall School
< 0.1 mi
|
#460 of 824
|
Score: 45.8
Improved 108 spots from last year
-12.4 below state avg
412 students
Diverse
Rising School
Grades K-05
C-
Horace Mann Laboratory School
1.0 mi
|
#671 of 824
|
Score: 37.4
Improved 50 spots from last year
-20.8 below state avg
293 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
C+
Bentley Academy Innovation School
1.2 mi
|
#568 of 824
|
Score: 42.3
Improved 143 spots from last year
-16 below state avg
286 students
Moderate
Rising School
Grades PK-05
Salem Early Childhood School
1.2 mi
106 students
Diverse
Diverse Student Body
Grades PK
B-
Carlton School
1.2 mi
|
#468 of 824
|
Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students
Diverse
Grades K-05
B
Witchcraft Heights School
1.5 mi
|
#388 of 824
|
Score: 48.1
Improved 162 spots from last year
-10.1 below state avg
455 students
Diverse
Rising School
Diverse Student Body
Grades K-05
B+
Bates School
1.6 mi
|
#325 of 824
|
Score: 50.0
Improved 254 spots from last year
-8.2 below state avg
410 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
Middle Schools
1 school
C+
Collins Middle School
0.7 mi
|
#219 of 352
|
Score: 39.5
Improved 60 spots from last year
-18.7 below state avg
611 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
High Schools
2 schools
B+
Salem Academy Charter School
0.3 mi
|
#139 of 346
|
Score: 56.7
Improved 97 spots from last year
-1.5 below state avg
480 students
Diverse
10 sports
• 568 athletes
High Graduation Rate
Rising School
College Ready Curriculum
Grades 06-12
B
Salem High School
1.1 mi
|
#144 of 346
|
Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 students
Diverse
18 sports
• 1,080 athletes
Early College Program
Career Tech Programs
College Ready Curriculum
Strong Athletics
Grades 09-12
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Loan Amount
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After down payment
Total Interest
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$602
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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Rate Impact
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
3 Chase Street, Salem MA 01970
Salem, MA 01970
Listing Information
Listing Agent
Kaitlyn Duyon
Listing Office
eRealty Advisors, Inc.
Office Phone
617-729-2618
Agent MLS ID
CN258339
Office MLS ID
AN5370
Listing Data Updated
Aug 22, 2026 12:11 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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