Commercial > Multi-family / Apartments
Active
04/28/2025
List Price
$2,367,000$308/ft²
3 Shore Rd
Salem, NH 03079
- 12Beds
- 9Baths
- 7,674ft²Living Area
- 1acLot Size
- -Pool
- -Car
- 1880Year Built
- 189DOM
- -Permit
3 Shore Rd, Salem, NH 03079 is a 12 bed, 9 bath, 7,674 ft² multi-family/apartments property built in 1880 on a 1.000 acre lot. This multi-family/apartments is currently for sale for $2,367,000.
MLS Description
The listing agent's description. Original Listing
An exciting investment opportunity. 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 extra land, 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 immediate income 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 for heat 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 and plenty of parking for tenants. Unit 9 is a particularly attractive freshly renovated two-bedroom townhome-style unit with sliding doors leading to a private rear deck, along with a new kitchen, bathroom, appliances, and refinished wood flooring. Please note that the principals of the selling entity are licensed real estate agents.
Listing Agents
The listing agent for 3 Shore Rd is Steve Cotran.
SC
Steve Cotran
RE/MAX Area Real Estate Network LTD
Phone: (603) 782-4418
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2023$13,320.00From latest Total Assessed Value1.7%Total Assessed Value$785,400=Land+
Assessed Value$177,800Additions
Assessed Value$607,600
In 2023, taxes billed for 3 Shore Rd were $13,320, which is 1.70% from latest Total Assessed Value of $785,400.
Property History
3 Shore Rd has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 3 Shore Rd
Hazard Risks
Hurricane105Lead103Nat'l Avg100Ozone96Wind96Carb Mono95Air Pollution95Earthquake90Weather82Particulates78Tornado65Hail32
12 hazards (Carbon Monoxide, Earthquake Risk, Hail Index, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Wind Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 3 Shore Rd.
Walkability Index
9 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
3 Shore Rd has a walkability score of 9 out of 20, which means that it is in a car dependent area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
17°F
High
36°F
Summer
Average
Low
57°F
High
80°F
In the winter at 3 Shore Rd, temperatures range from 16.59°F to 36.15°F with an average of 26.37°F. In the summer, the temperature ranges from 57.03°F to 80.17°F with and average of 68.6°F.
School Information
Public/private schools serving 3 Shore Rd
Public Schools
Woodbury School
Grades: 6-8
1.95 mi
B-
Salem High School
Grades: 9-12
2.18 mi
C
Mary A. Fisk Elementary School
Grades: KG-5
0.90 mi
B-
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 3 Shore Rd have ratings undefined, undefined, and undefined.
Neighborhood
This property is located in 03079.
Seasonal Housing units 03079
19%of housing is for seasonal rent.
Daytime Population for 03079
+30%of people during work hours.
Crime Index for 03079
78
78
The crime index in 03079 is 78, which is 0.8 times lower than national average.
Market Trends
Historical market data near 3 Shore Rd over selected time period.
Nearby Properties on Shore Rd
- 22 S Shore Rd, Salem, NH 03079 is a 1,507 square foot, 3 bedroom, 2.25 bathroom, 0.23 acre property. It was built in 1897 and has an estimate of $665,396 with a price per ft² of $442.
- 23 S Shore Rd, Salem, NH 03079 is a 2,016 square foot, 4 bedroom, 2 bathroom, 1.66 acre property. It was built in 1975 and has an estimate of $510,400 with a price per ft² of $253.
- 32 S Shore Rd, Salem, NH 03079 is a 0.11 acre property.
- 8 S Shore Rd, Salem, NH 03079 is a 1,405 square foot, 2 bedroom, 1 bathroom, 0.31 acre property. It was built in 1915 and has an estimate of $597,684 with a price per ft² of $425.
- 12 S Shore Rd, Salem, NH 03079 is a 3,095 square foot, 3 bedroom, 3.25 bathroom, 1.34 acre property. It was built in 1992 and has an estimate of $1,146,068 with a price per ft² of $370.
- 11 S Shore Rd, Salem, NH 03079 is a 1,693 square foot, 3 bedroom, 2 bathroom, 0.89 acre property. It was built in 1973 and has an estimate of $510,506 with a price per ft² of $302.
- 76 S Shore Rd, Salem, NH 03079 is a 0.17 acre property.
- 47 S Shore Rd, Salem, NH 03079 is a 1.02 acre property.
- 30 S Shore Rd, Salem, NH 03079 is a 0.26 acre property. It has an estimate of $882,767.
- 58 S Shore Rd, Salem, NH 03079 is a 1,271 square foot, 2 bedroom, 1 bathroom, 0.28 acre property. It was built in 1900 and has an estimate of $625,148 with a price per ft² of $492.
- 19 S Shore Rd, Salem, NH 03079 is a 2,808 square foot, 6 bedroom, 2 bathroom, 3.14 acre property.
- 18 S Shore Rd, Salem, NH 03079 is a 2,067 square foot, 3 bedroom, 3.25 bathroom, 0.5 acre property. It was built in 1987 and has an estimate of $903,451 with a price per ft² of $437.
- 64 S Shore Rd, Salem, NH 03079 is a 1,331 square foot, 3 bedroom, 2.25 bathroom, 0.88 acre property. It was built in 1900 and has an estimate of $733,376 with a price per ft² of $551.
- 15 S Shore Rd, Salem, NH 03079 is a 960 square foot, 2 bedroom, 2.25 bathroom, 0.58 acre property. It was built in 1973 and has an estimate of $448,103 with a price per ft² of $467.
- 13 S Shore Rd, Salem, NH 03079 is a 1,444 square foot, 4 bedroom, 2 bathroom, 0.9 acre property. It was built in 1968 and has an estimate of $615,014 with a price per ft² of $426.
- 54 S Shore Rd, Salem, NH 03079 is a 1,976 square foot, 3 bedroom, 1 bathroom, 0.54 acre property. It was built in 1925 and has an estimate of $640,960 with a price per ft² of $324.
- 50 S Shore Rd, Salem, NH 03079 is a 0.26 acre property.
- 43 S Shore Rd, Salem, NH 03079 is a 906 square foot, 2 bedroom, 1 bathroom, 0.55 acre property. It was built in 1983 and has an estimate of $377,329 with a price per ft² of $416.
- 8 S Shore Rd, Salem, NH 03079 is a 0.52 acre property. It has an estimate of $400,500.
- 72 S Shore Rd, Salem, NH 03079 is a 0.84 acre property. It has an estimate of $621,750.
- 2 S Shore Rd, Salem, NH 03079 is a 2,798 square foot, 4 bedroom, 3.25 bathroom, 0.81 acre property. It was built in 2017 and has an estimate of $879,066 with a price per ft² of $314.
- 19 S Shore Rd, Salem, NH 03079 is a 1,404 square foot, 3 bedroom, 2.25 bathroom, 0.03 acre property. It was built in 1975 and has an estimate of $392,400 with a price per ft² of $279.
- 21 S Shore Rd, Salem, NH 03079 is a 1,404 square foot, 3 bedroom, 2.25 bathroom property. It was built in 1975 and has an estimate of $357,697 with a price per ft² of $255.
- 66a S Shore Rd # A, Salem, NH 03079 is a 2,498 square foot, 2 bedroom, 2 bathroom property. It was built in 2016 and has an estimate of $714,000 with a price per ft² of $286.
- 66b S Shore Rd # B, Salem, NH 03079 is a 2,498 square foot, 2 bedroom, 3 bathroom property. It was built in 2016 and has an estimate of $718,510 with a price per ft² of $288.
- View more properties on Shore Rd