About This Home
This 7-bedroom, 2-bathroom residential multi family at 16 School Street in Salem, NH is listed for $699,000 ($306 per sqft). Built in 1850, the home offers 2,288 sqft of living space on a 2.00 acres lot.
Key Features
- Built in 1850
- 2.00 acre lot
- 2 stories
Property Details
BACK ON MARKET DUE TO BUYER INABILITY TO OBTAIN FINANCING. OPEN HOUSE 7/1 5PM - 630PM. Great investment opportunity or ideal owner-occupied property with built-in rental income. This two-story multi-unit home offers two separate units, including a spacious 3-bedroom unit and a 4-bedroom unit, providing flexibility for investors or those looking to offset their mortgage with tenant income.
Situated on a generous lot with a large backyard, the property also includes a barn with additional storage or possible rental potential. Located in a quiet neighborhood just steps from the elementary school and only about a mile from Routes 93 and 495, offering excellent commuter convenience.
A rare chance to own a versatile property with strong income potential, outdoor space, and a desirable location. Per public record, this is a 6-bedroom two-family; floor plans suggest a layout of 3 bedrooms on the first floor and 4 on the second (7 total). Buyer to verify all information.
Monthly Cost Estimate
$3,738/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
16 School Street
Salem, NH 03079
Property Details
Construction
Parking
Heating
Appliances
Questions & Answers
This 7-bedroom, 2-bathroom residential multi family at 16 School Street is listed at $699,000 ($306/sqft). The estimated monthly payment is $3,739 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1850, 2.00 acre lot, 2 stories.
This property is listed by Elizabeth Smith.
Elizabeth Smith
Agent at Keller Williams Realty Evolution