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6 Lathrop Street, 
Salem, MA 01970

$599,000

5

Beds

3

Baths

1,945

Sq Ft

Multi-Family

Active

Listed by

Jenna Lovely

The Lovely Advisory LLC.

978-729-6311

Last updated:

January 23, 2024, 02:14 PM

MLS#

73182201

Source:

MLSPIN

About This Home

6 Lathrop Street

CONTRACTORS AND DEVELOPERS TAKE NOTICE. Welcome to an exciting and rare investment opportunity in a prime location! This two-family home has been FULLY APPROVED FOR 3 UNITS, making it an ideal project for contractors looking to capitalize on the growing demand for multi-unit properties. Located in a highly sought-after area, this property promises both convenience and potential for a lucrative return on investment. If you are not ready to add the 3rd unit, Unit 2 is turnkey, rental-ready, and comes fully furnished for mid-term rental or AirBnb to gain instant income! Unit 2 offers 3 beds and 1.5 baths. Unit 1 is also primed for a makeover to produce passive income, offering 2 beds and 1 bath. Fully Vacant - Perfect for condo conversion or buy and hold. With a short walk to both downtown Salem and Beverly, this two-family home with approval for three units is a rare find in this coveted location.

Home Facts

Multi-Family

3 Baths

5 Bedrooms

Built in 1850

Price Summary

599,000

$307 per Sq. Ft.

MLS #:

73182201

Last Updated:

January 23, 2024, 02:14 PM

Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

2

Interior

Living Area:

1,945 Sq. Ft.

Structure

Structure

Year Built:

1850

Lot

Lot Size (Sq. Ft):

3,851

Finances & Disclosures

Finances

Price:

$599,000

Price per Sq. Ft:

$307 per Sq. Ft.

Source:MLSPIN
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.