21 Nichols St, Salem, MA 01970 - Photo 1

1/1

$505,000

Sold
Closed
Multi-Family
2 Units
2 Total Beds
0.06 Acres

1/1

Property Description

Don't miss this fantastic opportunity! Nestled in the Witchcraft Heights neighborhood of Salem, this beautiful turnkey 2-family home offers both immediate benefits and long-term potential. The first floor has been thoughtfully updated, boasting a brand-new kitchen, bathroom, and fresh paint. Meanwhile, the second floor exudes charm with beautifully restored hardwood floors, a sleek modern kitchen featuring new appliances, and a stunning granite bar countertop. Major updates completed, including a new roof, updated electric system, and vinyl siding, along with separate utilities for each unit. Whether you're an investor looking to maximize income potential by renting out both units or a homeowner seeking to offset mortgage costs by living in one unit while renting out the other, this is for you! First floor to be delivered vacant, 2nd floor lease ends Aug. 31st (tenant wishes to remain). Enjoy easy access to the commuter rail, waterfront, and downtown!

Full Property Details

Full Property Details for 21 Nichols St

General

Sold For: $505,000
Taxes: $6,011 (2024)
Status: Closed
Type: Multi-Family
MLS ID: 73219947
Added to Site: 687 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 2
Full Bathrooms: 2

Bedrooms

Total Bedrooms: 2

Parking

Parking Features: Off Street, Tandem, Paved

Location

County: Essex

Structural Information

Basement: Yes
Stories/Levels: 3
Square Feet: 1,280
Year Built: 1961

Lot Features

Lot Size (Acres): 0.06

Financial Considerations

Tax Amount: $6,011
Tax Year: 2024

Disclosures and Reports

Disclosures/Rstr.: see attachment. Buyer-Buyers agent to do due diligence.
Property ID: M:15 L:0239, 2128671

Listed by Keller Williams Realty Boston Northwest, Cheryl Colarusso
Sold by Colarusso Realty, Alexander Colarusso

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Listing agent

— 21 Nichols St —

Cheryl Colarusso

Keller Williams Realty Boston Northwest

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Schools

Schools serving 21 Nichols St

School District:Salem School District, Salem, MA

Name	Grades	Distance
Witchcraft Heights Elementary School 1 Frederick Street, Salem, MA 01970	K-5	0.4 mi
Horace Mann Laboratory 79 Willson Street, Salem, MA 01970	K-5	0.9 mi
Bates Elementary School, Salem, MA 53 Liberty Hill Avenue, Salem, MA 01970	K-5	1.1 mi
Collins Middle School 29 Highland Avenue, Salem, MA 01970	6-8	0.5 mi
Salem High School, Salem, MA 77 Willson Street, Salem, MA 01970	9-12	0.9 mi
Saltonstall School 211 Lafayette Street, Salem, MA 01970	K-8	1.2 mi
Carlton Elementary School 10 Skerry Street, Salem, MA 01970	K-5	1.5 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 21 Nichols St

Date

Details

Price

Change

Source

6/05/2024

Sold

$505,000

-4.54%

MLS

5/08/2024

Price Reduced

$529,000

-3.8%

MLS

4/19/2024

Price Reduced

$549,900

-4.35%

MLS

4/10/2024

Price Reduced

$574,900

-4.02%

MLS

4/04/2024

Listed

$599,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Just Listed

$999,900

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4
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Active
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5
Beds
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Total Baths
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Sq. Ft.

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$514,999

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Single Family
Active
Updated 16 hours ago

2
Beds
1
Total Bath
1,051
Sq. Ft.

Sold

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Closed

4
Beds
1
Total Bath
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Sq. Ft.

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Sold

$462,000

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Closed
Updated 9 days ago

2
Beds
1
Total Bath
1,970
Sq. Ft.

Sold

$460,000

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2
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1
Total Bath
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Sold

$480,000

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Townhouse
Closed

3
Beds
2
Total Baths
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Sq. Ft.

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Sold by Lise Danforth

21 Nichols St, Salem, MA 01970 (MLS# 73219947) is a Multi-Family property that was sold at $505,000 on June 05, 2024. Want to learn more about 21 Nichols St? Do you have questions about finding other Multi-Family real estate for sale in South Salem? You can browse all South Salem real estate or contact a Coldwell Banker agent to request more information.

21 Nichols St Salem, MA 01970