$1,075,000

1 Japonica Ave Salem, MA 01970

$10,000
Closing credit¹
8 beds
3 full, 1 partial
5,418 sqft
0.3 acres
$198 / sqft
Multi-Family

Property details

About 1 Japonica Ave

We are pleased to present this multifamily offering which consists of 3 large units, ample on-site parking, and two garages currently used as parking and storage. The property has been very well maintained but offers investors and end-users future value through cosmetic improvements and activating additional income opportunities. The property is ideally located in a quiet residential neighborhood and is less than a 4-minute drive to downtown and the commuter line MBTA.

Highlights

Home typeMulti Family
StatusActive
Size5,418 sqft
Lot size0.27 Acres
Year built1915
MLS #73356930
Garage2 spaces

Summary

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Appliances: Refrigerator
  • Interior: Living Room, Kitchen
  • Total Bedroom Count: 8
  • Garage Space: 2 spaces
  • List Price: $1,075,000
  • Price/SqFt: $198
  • Annual Tax Amount: $10,652
  • Tax Year: 2024
  • Lot: Other
  • Directions: 1 Japonica Ave Salem, MA 01970
  • Year Built: 1915
  • Stories: 3
  • Living Area: 5,418 SqFt
  • Lot Size: 0.27 Acres
  • MLS Number: 73356930
  • MLS Name: MLS Property Information Network
  • Office Name: Boston Realty Advisors
  • Office Phone: (617) 375-7900
  • Listing Agent: Kevin Benzinger

IDX Disclaimer: 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 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. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/7/2025, 4:20:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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$1,075,000

1 Japonica Ave

$10,000

closing credit¹

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Price information

Property sales

DateEventPrice
Sep 09, 2021
Home Sold
$918,000
Jul 14, 2015
Home Sold
$485,000
Oct 23, 2009
Home Sold
$350,600

Tax history

YearAssessmentProperty Tax
2024$916,700$10,652
2023$834,800$10,443
2022$719,700$9,536
2021$663,900$9,162
2020$593,400$8,575
2019$563,900$8,515

History based on county public records data.

Nearby schools

5

Bates

Public District KG-5

0.6 mi

53 Liberty Hill Ave

4

Thomas Carroll Elementary School

Public District KG-5

0.6 mi

60 Northend St

4

Witchcraft Heights

Public District KG-5

0.9 mi

1 Frederick St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $75,000. The most common annual income of people living in Salem, MA is between $35k-100k. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

How much money do the neighbors make?

30%
<35k
40%
35k-100k
28%
100k-200k
2%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

47%
Single, No Kids
12%
Single, with Kids
23%
Married, No Kids
18%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

13%
<11 yrs old
7%
12-17 yrs old
26%
18-34 yrs old
44%
35-64 yrs old
10%
65+ yrs old

What do the neighbors do for fun?

  • Continuing Education CoursesContinuing Education Courses
  • College BasketballCollege Basketball
  • Extreme SportsExtreme Sports

Where do the neighbors shop?

  • Express/Express For MenExpress/Express For Men
  • DillardsDillards
  • Sam's ClubSam's Club

Where do the neighbors go to eat?

  • QdobaQdoba
  • Logan's RoadhouseLogan's Roadhouse
  • White CastleWhite Castle

What do the neighbors drive?

  • VolkswagenVolkswagen
  • HyundaiHyundai
  • OldsmobileOldsmobile

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • RockRock
  • Contemporary InspirationalContemporary Inspirational
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 1 Japonica Ave in Salem, MA and zip code 01970. This 5,418 square foot home, which was built in 1915, sits on a 0.27 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 9, 2025 and is currently priced at $1,075,000.

Salem, MA housing market in April 2025 saw over 17 listings sold above listed price, more than 4 sold at listed price and over 10 sold below. The inventory of homes for sale in Salem, MA between March and April 2025 increased by 18.3%. In April 2025 median list price was $602,266 and the average listing age was 23 days.

From Rocket Homes Real Estate and based on county public records data.

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