1. New Hampshire
  2. Salem
  3. 3 S Shore Rd
$2,379,000

3 S Shore Rd, Salem, NH 03079

  • 14 beds |
  • 9 baths |
  • 7,674 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1880
  • Property Lot Size Icon1.8acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $310/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

An exciting investment opportunity with you. 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 extraland, 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 immediateincome 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 forheat 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.

Listing Status:
Active
Date Added:
June 12, 2025 at 05:00AM
Listing Office:
RE/MAX Area Real Estate Network : 603-580-4808
Listing Agent:
Steven Cotran : 603-396-6607
MLS ID:
73389898
  • Basement: Full
  • Fireplace: Fireplaces: 0

This listing courtesy of Steven Cotran, RE/MAX Area Real Estate Network

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Mary A. Fisk Elementary School

14 Main St, Salem, NH, 03079

Grades KG-5

0.90 miles away

W

Woodbury School

206 Main St, Salem, NH, 03079

Grades 6-8

1.94 miles away

S

Salem High School

44 Geremonty Dr, Salem, NH, 03079

Grades 9-12

2.17 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.