42.52576 -70.88451

2 Essex St Salem, MA 01970

318273802 42.52576 -70.88451 2290 /listing/318273802-150202346/2-essex-st-salem-ma-01970 False 0 1199999.0 5608 105 5 6 73003787 False
  • $1,199,999
  • 5 bd
  • 5 full ba
  • 1 half ba
  • 5,608 sqft
  • 0.06 lot
  • Est payment $6441.85/mo

Property & Neighborhood Info

Courtesy Of Michael McNiff, Coldwell Banker Realty - Beverly

Multi-Family in Salem

Exceptional investment opportunity. 6 unit multi family building in the heart of Salem. The iconic home to Ziggy's Donuts, offered for the first time in 57 years, is available for investors, developers and individuals seeking the advantages of fixed income properties. Own within walking distance of Salem Willows, Salem Harbor, Historic Downtown, Winter Island, shops, beaches, trains, restaurants and parks. The building features replacement windows, vinyl siding and newer gas water heaters. Comprised of 5 one bedroom, one bathroom units and one commercial unit, walk up attic and full basement. All units have individual utility meters. Rents are well below market value due to long term tenants. The attic is an oversized, dormered room with water views and opportunities for expansion. Interior photos are of unit 1 which is currently vacant. All units are similar in size and layout with slight variation. Ziggy's Donuts operates out of grandfathered commercial space on 1st floor.

Courtesy Of Michael McNiff, Coldwell Banker Realty - Beverly
  1. 5 Beds
  2. 5 Full Bath
  3. 1 Half Bath
  4. 5,608 Sq. Ft.
  5. 0.06 Lot

Main Features

  • Listing Status: Contract Pending
  • Year Built: 1860
  • Full Bath: 5
  • Half Bath: 1
  • County: Essex
  • Taxes: $10,615.90
  • Tax Year: 2022
  • Units: 6
  • Zoning: R2
  • MLS Number:73003787

Additional Features

  • Flooring:
    • Vinyl
    • Wall to Wall Carpet
    • Wood
  • Construction:
    • Frame
  • Levels:
    • Three Or More
  • Roof:
    • Asphalt/Fiberglass Shingles
  • Water Source:
    • City/Town Water
    • Individual Meter
  • Electric:
    • Individually Metered
  • Sewer:
    • City/Town Sewer
  • Utilities:
    • for Electric Range
  • Road Frontage:
    • Public
  • Gross Income:
    • 60600
  • Net Operating Income:
    • 60600
  • CDOM:
    • 31
  • Lot Size Acres:
    • 0.06
  • Lot Size Square Feet:
    • 2692.00
  • Parcel Number:
    • 2138006
  • Rent Amount:
    • 5850
Neighborhood info courtesy of Homes.com © 2022

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Del Realty Inc.
Del Realty Inc.
(978) 502-3500
100 Conifer Hill Dr st 309 Danvers MA 01923
no name available Del Realty Inc.
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42.52576 -70.88451

2 Essex St Salem, MA 01970

318273802 42.52576 -70.88451 2290 /listing/318273802-150202346/2-essex-st-salem-ma-01970 False 0 1199999.0 5608 105 5 6 73003787 False
  • $1,199,999
  • 5 bd
  • 5 full ba
  • 1 half ba
  • 5,608 sqft
  • 0.06 lot
  • Est payment $6441.85/mo