Multi-Family for Sale: 3 S Shore Road, Salem, NH 03079

12 beds
9 full baths
7,674 sqft
$2,385,000
$2,385,000
3 S Shore Road, Salem, NH 03079
12 beds
9 full baths
7,674 sqft
$2,385,000
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Price:
$2,385,000
$10,000 - 06/12/2025

Type Multi-Family
Style Apartment Building
Beds 12
Baths 9 full baths
Square Feet 7,674 sqft
Lot Size 1.80 acres
Year Built 1880
Taxes Paid $13,283

City Salem
County Rockingham

MLS 5038205
Status Active
DOM 47 days
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 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.

Lot & Building Features

Appliances Water Heater – Gas, Water Heater–Gas–LP/Bttle, Water Heater – Owned, Water Heater – Off Boiler
Utilities Cable - Available
Construction Vinyl Exterior, Wood Frame
Cooling None
Heating Hot Water
Parking Description Driveway, Paved, Parking Spaces 11 - 20, On-Site, Off Street
Sewer Public
Tax Year 2024
Taxes Paid $13,283
Water Private
Basement Description Dirt
Foundation Concrete, Granite
Lot Description Level
Roof Flat
Features Exterior Balcony, Deck
Garage No

Unit Features

Unit 1 Baths 1
Unit 1 Bedrooms 1
Unit 1 Info Dishwasher, Refrigerator, Range - Gas, Microwave, Kitchen Island, Hot Water, Heat - Gas
Unit 1 Lease Term Annual
Unit 1 Level Number 1
Unit 1 Rental Agreement Yes
Unit 1 Rental Amount 1995.00
Unit 1 Rental Amt Freq Monthly
Unit 1 Rooms 3
Unit 1 Status Leased
Unit 1 Style garden
Unit 1 Tenant Pays Electric, Heat
Unit 2 Baths 1
Unit 2 Bedrooms 1
Unit 2 Info Dishwasher, Refrigerator, Range - Electric, Microwave, Hot Water, Heat - Gas
Unit 2 Level Number 1
Unit 2 Rental Amount 1925.00
Unit 2 Rental Amt Freq Monthly
Unit 2 Rooms 3
Unit 2 Status Leased
Unit 2 Tenant Pays Electric, Heat
Unit 3 Baths 1
Unit 3 Bedrooms 2
Unit 3 Info Deck, Refrigerator, Range - Electric, Microwave, Dishwasher
Unit 3 Lease Term Annual
Unit 3 Level Number 2
Unit 3 Rental Agreement Yes
Unit 3 Rental Amount 2195.00
Unit 3 Rental Amt Freq Monthly
Unit 3 Rooms 4
Unit 3 Status Leased
Unit 3 Style garden
Unit 3 Tenant Pays Electric, Heat
Unit 4 Baths 1
Unit 4 Bedrooms 1
Unit 4 Info Ceiling Fan, Refrigerator, Range - Electric
Unit 4 Lease Term Annual
Unit 4 Level Number 3
Unit 4 Rental Agreement Yes
Unit 4 Rental Amount 1500.00
Unit 4 Rental Amt Freq Monthly
Unit 4 Rooms 2
Unit 4 Status Leased
Unit 4 Tenant Pays Electric, Heat
Unit 5 Baths 1
Unit 5 Bedrooms 1
Unit 5 Info Appliances Included, Refrigerator, Range - Electric, Microwave, Heat, Deck
Unit 5 Lease Term Annual
Unit 5 Level Number 3
Unit 5 Rental Agreement Yes
Unit 5 Rental Amount 1695.00
Unit 5 Rental Amt Freq Monthly
Unit 5 Rooms 2
Unit 5 Status Leased
Unit 5 Style flat
Unit 5 Tenant Pays Electric, Heat
Unit 6 Baths 1
Unit 6 Bedrooms 2
Unit 6 Info Appliances Included, Refrigerator, Range - Electric, Microwave, Hot Water, Heat - Gas, Heat, Deck
Unit 6 Lease Term Annual
Unit 6 Level Number 1
Unit 6 Rental Agreement Yes
Unit 6 Rental Amount 1795.00
Unit 6 Rental Amt Freq Monthly
Unit 6 Rooms 4
Unit 6 Status Leased
Unit 6 Style flat
Unit 6 Tenant Pays Electric, Heat
Unit 7 Baths 1
Unit 7 Bedrooms 1
Unit 7 Info Deck, Refrigerator, Range - Gas, Microwave, Hot Water, Heat - Gas
Unit 7 Lease Term Annual
Unit 7 Rental Agreement Yes
Unit 7 Rental Amount 1925.00
Unit 7 Rental Amt Freq Monthly
Unit 7 Rooms 4
Unit 7 Status Leased
Unit 7 Tenant Pays Electric, Heat
Unit 8 Baths 2
Unit 8 Bedrooms 3
Unit 8 Info Deck, Refrigerator, Range - Gas, Microwave, Hot Water, Heat - Gas, Dishwasher
Unit 8 Lease Term Annual
Unit 8 Level Number 1 & 2
Unit 8 Rental Agreement Yes
Unit 8 Rental Amount 2800.00
Unit 8 Rental Amt Freq Monthly
Unit 8 Rooms 5
Unit 8 Status Leased
Unit 8 Style townhouse
Unit 8 Tenant Pays Electric, Heat

Price History of 3 S Shore Road, Salem, NH

Date Name Price Difference
06/12/2025 Price Adjustment $2,385,000 0.42%
04/28/2025 Listing Price $2,395,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 3 S Shore Road, Salem, NH

Location Map Street View
Photo of The Patey Team
Direct: 603-548-6392
Office
PO Box 316
Raymond, NH 03077
603-548-6392
Listed by RE/MAX Area Real Estate Network LTD, Steve Cotran
$
20%
0.5569392033543%
6.75%
$
$
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Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
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3 S Shore Road (MLS #5038205) is a apartment building multi-family listing located in Salem, NH. This multi-family listing is 7,674 sqft and on a lot of 78,408 sqft (or 1.80 acres) with 12 bedrooms, 9 baths and is 145 years old. This property was listed on 04/28/2025 and has been priced for sale at $2,385,000.

Nearby zip codes are 03044, 03076, 03078, 03087 1352 and 03087. This property neighbors other cities such as Atkinson, Derry, Methuen, Pelham and Windham.

PrimeMLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: RE/MAX Area Real Estate Network LTD

Copyright 2025 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers. personal, non- commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 06/14/2025