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Sold on 05/29/2022

12 Parallel St, Salem, MA 01970

  • $747,000

    Last sold 05/29/2022 for $685K

  • 4

    bed

  • 2

    bath

  • 2,170

    Sqft ($316/Sqft)

Multi-family not for sale
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About 12 Parallel St

Property type Multi-family
Neighborhood
Year built 1890
HOA fee $0/month
Lot size 9,217 Sqft
Movoto estimate
Rental estimate
Property description
Investors and owner-occupants!! Welcome to great 2 family on a quiet side street in Salem with a Huge backyard. This spacious and bright home features many updates: new windows on the 1st floor and 2nd floor, a new hot water tank, new appliances for both units, a new hardwood floor, and carpeting on the 2nd floor. New stainless steel appliances just last year! Amazing storage space in the basement and step into a beautifully fenced-in yard for family fun in this summer. Endless potential and opportunities to the right new buyer. Showings start at commuters' open house on Friday from 5-6:30 pm and Saturday from 12-1:30 pm.
Listed by
Listing Agent - SK Group
Listing Office - Keller Williams Realty Cambridge
Source: MLS Property Information Network, Inc. mls logo
MLS#72987589 • last updated 4 years ago
Movoto checked MLS Property Information Network, Inc. for data 11 minutes ago
Overview
Levels/Style 3
MLS # 72987589
Type Residential Income
Status Closed
SubType 2 Family - 2 Units Up/Down
SqFt 2170
Lot Size (SqFt) 9217
Lot Size (Acres) 0.21
Annual Property Tax 6774.73
Year Built 1890
Interior
Total # of Bathrooms 2
# Full Baths 2
Total # of Bedrooms 4
Basement Full
Total # of Rooms 8
Flooring Carpet
Appliances Oil Water Heater
Window Features Insulated Windows
Exterior
Foundation Stone
Roof Slate
Parking Desc Paved Drive, Off Street
# Parking Spaces 4
Exterior Features Rain Gutters, Storage
Patio/ Porch Porch
Amenities / Utilities
Sewer Public Sewer
Electricity Circuit Breakers
Water Source Public
Location
County Essex
Community Features Public Transportation, Shopping, Park, Medical Facility, Laundromat
Zoning B
APN 2130928
Directions Jefferson Ave To Parallel St
Multifamily Details
Net Operating Income 19200
Total Actual Rent 1600
Gross Income 19200
Lot/ Land Details
Road Frontage Public
$747K
Range: $679K-$814K
Last 30 days 
Rental est.: $14,314/month
Gross rent multiplier: 4.0 - Excellent
  • Jul 2022
    mls logo MLS # 72987589
  • Jul 8, 2022 Sold
    $685,000 (+2.4%)
  • Jun 1, 2022 Active
    —
  • May 25, 2022 Listed
    $669,000 (+167.6%)
  • Oct 2008
    Public Records
  • Oct 17, 2008 Sold
    $250,000
  • 12 Parallel St
    $685K
  • South Salem
    $619K +5% y/y
  • 01970
    $617K -4% y/y
  • Salem
    $549K -8% y/y
No chart available
Statistics calculated by Movoto

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3/10
Horace Mann Laboratory
public Grades PK, K-5
Salem School District
N/A
Nathaniel Bowditch
public Grades K-8
Salem School District
5/10
Saltonstall School
public Grades K-8
Salem School District
3/10
Collins Middle School
public Grades 6-8
Salem School District
3/10
Salem High School
public Grades 9-12
Salem School District
Source: GreatSchools.org © 2026. All rights reserved.

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Massachusetts Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the Massachusetts Multiple Listing Service™ system.
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 in 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.
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