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3 S Shore Road, 
Salem, NH 03079

$2,359,000


12

Beds


9

Baths


7,674

Sq Ft


Multi-Family

Active

Listed by

Steve Cotran

RE/MAX Area Real Estate Network Ltd

603-626-5000

Last updated:

December 17, 2025, 02:47 AM

MLS#

5038205

Source:

PrimeMLS

About This Home

3 S Shore Road

An exciting investment opportunity. Located just minutes from I-93 Exit 2 in a low-density single-family neighborhood, this well-maintained 9-unit apartment building sits on a spacious 1.8-acre lot and is connected to city sewer. The property boasts a large and inviting backyard, ample paved parking, and extra land, all within a short walk of Canobie Lake, which offers seasonal views from the third floor. The building is currently occupied and stabilized, presenting an immediate income stream. Six of the apartments have been recently and completely renovated, featuring modern kitchens with granite countertops and stainless steel appliances, updated bathrooms, refinished or new hardwood flooring, energy-efficient LED lighting, and new decks, sliding doors, and windows. Each unit is separately metered for heat and electricity and the property currently yields a strong 8% capitalization rate. The property also features a large U-shaped driveway providing ease of access and plenty of parking for tenants. Unit 9 is a particularly attractive freshly renovated two-bedroom townhome-style unit with sliding doors leading to a private rear deck, along with a new kitchen, bathroom, appliances, and refinished wood flooring. Please note that the principals of the selling entity are licensed real estate agents.

Home Facts

Multi-Family

9 Baths

12 Bedrooms

Built in 1880

Price Summary

2,359,000

$307 per Sq. Ft.

MLS #:

5038205

Last Updated:

December 17, 2025, 02:47 AM

Added:

7 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

12

Bathrooms

Total Bathrooms:

9

Full Bathrooms:

9

Interior

Living Area:

7,674 Sq. Ft.


Structure

Structure

Building Area:

10,958 Sq. Ft.

Year Built:

1880


Lot

Lot Size (Sq. Ft):

43,560


Finances & Disclosures

Finances

Price:

$2,359,000

Price per Sq. Ft:

$307 per Sq. Ft.

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Copyright 2025 Prime MLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of Prime MLS. The information being provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated December 17, 2025

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