18 Peabody Street
18 Peabody Street

18 Peabody StreetSalem, Massachusetts

3 baths3234 sqft
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$ 799,900
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Marcio Vasconcelos
Marcio Vasconcelos
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Description of 18 Peabody Street

Attention Investors take a look at this rare opportunity located at 18 Peabody Street in downtown Salem. This oversized brick 3-story residential building boasts a total square footage of 4,312 with a rentable square footage of 3,234. The property consists of three (3) Three-bedroom stacked units. All units are separately metered for both gas heat, forced air and electrical. This opportunity includes $180,000 in State Historic Tax Credit awards as well as Federal Historic Tax Credits equal to 20% of the renovation costs. The tax credits directly correlate with final renovation costs and required compliance with Massachusetts Historic design standards. 18 Peabody Street is ideally located in downtown Salem and in close proximity to Lafayette Street and Derby Street which is the main corridor for downtown. The property will be delivered vacant making this an ideal situation for a developer/investor to commence work immediately.
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Details

Property Type

Multi-Family

Lot/Acreage

0.04

Year Built

1915

Zip Code

01970

County

Essex

MLS

#73175570

Interior

Master Bath

No

Basement

Yes

Basement Features

Partial

Exterior

Road Type

Public

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Frequently Asked Questions for 18 Peabody Street, Salem, MA 01970

How many photos are available for this home?

For this home, we provide a comprehensive gallery featuring 11 high-quality images, showcasing every aspect of the property to give you a detailed perspective.

How much is this home worth?

Based on Home Shift Team data, we estimate the value of the home to be $799,900. Determining the worth of a home involves various factors such as location, size, amenities, and market conditions. To provide an accurate estimate, we conduct a thorough analysis tailored to the unique attributes of 18 Peabody Street, Salem, MA 01970.

How many bathrooms does 18 Peabody Street, Salem, MA 01970 have?

With 3 well-appointed bathrooms, 18 Peabody Street, Salem, MA 01970 offers convenience and luxury, catering to the needs of occupants and guests alike.

When was this home built?

Constructed in 1915, this home blends timeless architecture with modern amenities, embodying quality craftsmanship and enduring appeal.

What’s the full address of this home?

The full address for this home is 18 Peabody Street, Salem, MA 01970

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