286 Washington St
Salem, MA 01970
- Studio
- 3 Baths
- 4,695 sqft
Studio
3 Baths
4,695 sqft
Local Information
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Description
Discover an exciting investment opportunity in the heart of historic Salem, MA with this twenty one (21) room rooming house. Perfectly situated in a prime location, this property offers a unique chance to own a meticulously maintained property that has been owned by the same family for over 40 years. Using 2023 numbers this is being offered at an 8% cap rate with projected rents for 2024 bringing to a 9.3% cap rate. A 5% vacancy has already been factored into the gross revenue.**THIS PROPERTY IS TO BE SOLD WITH 108-122 LAFAYETTE ST AS A PACKAGE MLS# 73264543**. Landlord is responsible for all utilities including heat/hw, electric and water/sewer. Seller is willing to explore a seller financing deal for the right buyer. Please see attached for detailed incomes and expenses. Rent roll changes weekly but can be provided upon request.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from December 09, 2024
Home Highlights
Parking
No Info
Outdoor
No Info
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 286 Washington St
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Interior Details Number of Rooms: 21 |
Beds & Baths Number of Bathrooms: 3Number of Bathrooms (full): 3 |
Dimensions and Layout Living Area: 4695 Square Feet |
Fireplace & Spa No FireplaceNo Spa |
Levels, Entrance, & Accessibility Number of Stories: 3 |
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Exterior Home Features Roof: RubberFoundation: Stone |
Parking & Garage No Garage |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
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Year Built Year Built: 1900 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: 5+ Family - Rooming House |
Building Does Not Include Home Warranty |
Property Information Parcel Number: 2135719 |
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Price List Price: $2,000,000 |
Status Change & Dates Off Market Date: Sun Oct 20 2024 |
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MLS Status: Sold |
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Direction & Address City: Salem |
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Building Area Building Area: 4695 Square Feet |
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Community Features: Public Transportation, Park, LaundromatNot Senior Community |
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Lot Area: 2966 sqft |
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Contingencies: Financing |
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Mls Number: 73264544 |
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Public TransportationParkLaundromat |
Last check for updates: about 9 hours ago
Listed by Francesca Little, (978) 973-7277
Little & Co., REALTORS®, (978) 745-4447
Francesca Little, (978) 973-7277
Bought with: Francesca Little, (978) 973-7277, Little & Co., REALTORS®, (978) 745-4447
Source: MLS PIN, MLS#73264544
Price History for 286 Washington St
| Date | Price | Event | Source |
|---|---|---|---|
| 12/06/2024 | $2,000,000 | Sold | MLS PIN #73264544 |
| 10/07/2024 | $2,000,000 | Contingent | MLS PIN #73264544 |
| 07/15/2024 | $2,000,000 | Listed For Sale | MLS PIN #73264544 |
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $13,323 |
| Assessment | $1,174,900 |
Home facts updated by county records
Comparable Sales for 286 Washington St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.07 | Multi-Family Home | $1,050,000 | 06/04/25 | 8 | 4 | 4,486 | |
0.13 | Multi-Family Home | $1,475,000 | 06/06/25 | 13 | 6 | 5,320 | |
0.26 | Multi-Family Home | $1,000,000 | 02/02/26 | 9 | 3 | 5,313 | |
0.20 | Multi-Family Home | $2,000,000 | 07/29/25 | 17 | 6 | 6,960 | |
0.28 | Multi-Family Home | $910,000 | 08/28/25 | 6 | 3 | 2,943 | |
0.18 | Multi-Family Home | $650,000 | 03/23/26 | 5 | 2 | 3,378 | |
0.29 | Multi-Family Home | $1,149,000 | 07/18/25 | 7 | 4.5 | 2,858 | |
0.26 | Multi-Family Home | $735,000 | 02/17/26 | 6 | 3 | 2,594 | |
0.60 | Multi-Family Home | $1,225,000 | 12/01/25 | 7 | 3.5 | 3,650 | |
0.27 | Multi-Family Home | $929,000 | 08/01/25 | 4 | 2 | 2,474 |
Assigned Schools
These are the assigned schools for 286 Washington St.
What Locals Say about Salem
At least 436 Trulia users voted on each feature.
90 % Say there are sidewalks
86 % Say it's dog friendly
81 % Say it's walkable to restaurants
72 % Say there's holiday spirit
70 % Say streets are well-lit
70 % Say people would walk alone at night
64 % Say car is needed
61 % Say parking is easy
61 % Say it's walkable to grocery stores
60 % Say yards are well-kept
59 % Say kids play outside
56 % Say they plan to stay for at least 5 years
51 % Say neighbors are friendly
50 % Say it's quiet
41 % Say there's wildlife
34 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
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Homes for sale near 286 Washington St
Off Market Homes Near 286 Washington St
The property listing data and information 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 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 set forth herein.
The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS.
The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS.
Homes for rent near 286 Washington St
286 Washington St, Salem, MA 01970 is a studio, 3 bathroom, 4,695 sqft multi-family built in 1900. This property is not currently available for sale. 286 Washington St was last sold on Dec 6, 2024 for $2,000,000 (0% higher than the asking price of $2,000,000). The current Trulia Estimate for 286 Washington St is $1,793,800.

