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Sold on 11/01/2006
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2 Albion St, Salem, MA 01970

$1,063,000

Last sold 11/01/2006 for $510K

  • 7

    bed

  • 4

    bath

  • 3,708

    Sqft ($138/Sqft)

Multi-family not for sale
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About 2 Albion St

Property type Multi-family
Neighborhood
Year built 1900
HOA fee $0/month
Lot size 4,792 Sqft
Movoto estimate
Parking 2 garage spaces
Property description
Well Maintained 4 family house features 3-one bdrm units and 1-three bedroom unit. Rent includes heat, hot water and electric. Updated systems, hardwood flrs, high ceilings, period detail, newer windows and lead compliance letters for all units. Coin-op washer and dryer in partially finished basement. Detached 2 car garage with large workshop above. One garage bay rented for $100 month. Off-street parking for all units. Great investor or owner occupied property.
Listed by
Listing Agent - Kathleen Sullivan
Listing Office - RE/MAX Advantage Real Estate
Source: MLS Property Information Network, Inc. mls logo
MLS#70454492 • last updated 1 year ago
Movoto checked MLS Property Information Network, Inc. for data 4 minutes ago
Overview
Heating Hot Water, Natural Gas, Common
Levels/Style 4, 4
MLS # 70454492
Type Residential Income
Status Closed
SubType 4 Family
SqFt 3708
Lot Size (SqFt) 4792
Lot Size (Acres) 0.11
Annual Property Tax 5432
Year Built 1900
Interior
Total # of Bathrooms 4
# Full Baths 4
# Half Baths 1
Total # of Bedrooms 7
Basement Full, Partially Finished, Bulkhead, Concrete
Total # of Rooms 15
Appliances Range, Refrigerator
Interior Features Lead Certification Available, Living Room, Kitchen
Exterior
Foundation Granite
Roof Slate
Construction Frame
# Covered Spaces 2
Parking Desc Paved Drive
# Parking Spaces 6
# Garage Spaces 2
Lot Desc Corner Lot
Amenities / Utilities
Electricity Circuit Breakers, Individually Metered
Location
County Essex
Community Features Public Transportation, Shopping, Park, Laundromat
Zoning R1
APN M:15 L:0224, 2128656
Directions Boston Street To Hanson To Butler To Albion
Multifamily Details
Rent Includes Unit 1(Heat, Electric, Gas, Hot Water), Unit 2(Heat, Electric, Gas, Hot Water), Unit 3(Heat, Gas, Hot Water), Unit 4(Heat, Electric, Gas, Hot Water)
Net Operating Income 42208
Operating Expense 12392
Total Actual Rent 4550
Financial Data Source Owner
Expense: Water/ Sewer 1068
Gross Income 54600
Expense: Electricity 2223
Gross Scheduled Income 4570
$1.06M
Range: $914K-$1.21M
Last 30 days 
  • Nov 2006
    mls logo MLS # 70454492
  • Nov 30, 2006 Sold
    $510,000
  • Sep 8, 2006 Listed
    $524,900 (+6.9%)
  • Nov 2006
    Public Records
  • Nov 29, 2006 Sold
    $510,000 (-2.8%)
  • May 2003
    Public Records
  • May 6, 2003 Sold
    $491,000 (+78.5%)
  • Feb 2001
    Public Records
  • Feb 7, 2001 Sold
    $275,000
  • Year Property taxes Tax assessment
  • 2025
    $11,822 +12.0%
    $1,042,500 +14.75%
  • 2024
    $10,557 +1.6%
    $908,500 +10.32%
  • 2023
    $10,393 +5.5%
    $823,500 +10.75%
  • 2022
    $9,853 +2.1%
    $743,600 +6.38%
  • 2021
    $9,646 +6.4%
    $699,000 +11.43%
  • 2020
    $9,064
    $627,300
  • 2 Albion St
    $510K
  • South Salem
    $582K 0% y/y
  • 01970
    $617K -4% y/y
  • Salem
    $579K -1% 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
5/10
Bates Elementary School
public Grades PK, K-5
Salem School District
5/10
Witchcraft Heights Elementary School
public Grades K-5
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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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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