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3 Chase StSalem, MA 01970

For Sale

$699,000

Smart Buyer Rebate $1,480

Presenting 3 Chase St, a three story multifamily residence ideally located in Salem. Built in 1915, this property offers a strong opportunity for investors, developers, or owner-occupants seeking long term value. The first floor unit features a living room with fireplace, dining room, two bedrooms, and one bath, while the second floor unit offers three bedrooms, one bath, and access to a walk up unfinished attic. Additional highlights include parking for three vehicles, oil heat with gas available for cooking, three separate electrical panels, roof and siding replaced approximately 11 years ago, a boiler installed in 2015, and a hot water heater replaced in 2021, making this a rare chance to reimagine and enhance a well located multifamily property.

Listed by Rich Granata

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The Granata Group

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617-699-9286

Last updated January 31, 2026

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Source: MLSPin #73473055

Listing Facts

  • TypeMulti-family
  • NeighborhoodSouth Salem
  • Bedrooms5
  • Bathrooms2
  • Days on Prevu1
  • Taxes$7,224/year
  • Size3,378 sqft
  • Price per sqft$207

Amenities

  • Washer/Dryer
  • Parking

Location

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Listing History

01/30/2026
Listed by The Granata Group
$699,000

Property Details for 3 Chase St

Exterior

Construction

  • Number Of Units Total: 2
  • Roof: Shingle
  • Stories: 3
  • Stories Total: 3
  • Year Built: 1915
  • Year Built Details: Actual

Features

  • Road Frontage Type: Public

Measurements

  • Building Area Total: 3,378
  • Building Area Units: Square Feet
  • Lot Size Acres: 0.06
  • Lot Size Area: 0
  • Lot Size Square Feet: 2,675
  • Lot Size Units: Acres

Financial

Taxes

  • Parcel Number: 2135431
  • Tax Annual Amount: $7,224.00
  • Tax Assessed Value: $637,000.00
  • Tax Year: 2025

Interior

Features

  • Appliances: Range, Refrigerator, Washer, Dryer
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Fireplaces Total: 2
  • Flooring: Wood
  • Interior Features: Bathroom With Tub & Shower, Walk-Up Attic, Living Room, Dining Room, Kitchen

Measurements

  • Living Area: 3,378
  • Living Area Source: Public Record

Rooms

  • Basement: Full, Walk-Out Access, Unfinished
  • Bathrooms Full: 2
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 5
  • Rooms Total: 10

Parking

Parking

  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off Street, Tandem
  • Parking Total: 3

Utilities

Equipment

  • Electric: Circuit Breakers, Knob & Tube Wiring
  • Heating: Baseboard, Oil
  • Has Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this multi-family home have?

There are 5 bedrooms and 2 bathrooms in this multi-family home at 3 Chase St.

Does this multi-family home have parking?

Yes, there are 3 parking spaces available for 3 Chase St.

What are the annual taxes for 3 Chase St?

Annual taxes for this multi-family home are estimated at $7,224.

How does 3 Chase St compare to other multi-family homes in South Salem?

This multi-family home is listed 64% below the average price for multi-family homes in South Salem and has been on the market for 18 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 3,378 sqft.

3 Chase St is a 5-bedroom, 2-bath multi-family home for sale in Salem MA 01970. On Prevu for 1 days at $699,000. This residence features 3,378 square feet of living space, located in South Salem. The median listing price for multi-family homes in this area is $594,950. Property amenities include parking and washer/dryer. View other multi-family home listings in Salem.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting 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, leasing or renting. 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, or as to the accuracy of any of the Images, set forth herein.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.