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Listing courtesy of PRIME_MLS / Steve Cotran / RE/MAX Area Real Estate Network LTD

3 S Shore

Salem, NH 03079

– beds
– baths
7,674 sqft
~2 acre lot
$310 per sqft
1880 build
– on site

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.

Listing courtesy of PRIME_MLS / Steve Cotran / RE/MAX Area Real Estate Network LTD

Last checked: Checking… • Last updated Jun 12, 2025 •

MLS# 5038205 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1880
Pre-Construction:

No
Construction Status:

Existing
Construction Materials:

Wood Frame, Vinyl Exterior
Architectural Style:

Apartment Building
Roof:

Flat
Foundation:

Concrete, Granite
Total Stories:

3
Total Units:

9
Approx SqFt Total:

10958
Approx SqFt Total Finished:

7,674 Sqft
Approx SqFt Finished Above Grade:

7,674 Sqft
Approx SqFt Finished Below Grade:

0 Sqft
Approx SqFt Unfinished Below Grade:

3284
Approx SqFt Unfinished Building Source:

Public Records
Approx SqFt Finished Above Grade Source:

Public Records
Road Frontage Type:

Public Maintained Road

Interior

Flooring:

Carpet, Hardwood, Laminate, Vinyl Plank
Basement:

Yes
Basement Description:

Dirt
Basement Access Type:

Walkout
Room 5 Type:

Leased

Room Dimensions

Room 1 Dimensions:

0 Sqft
Room 4 Dimensions:

0 Sqft
Room 6 Dimensions:

0 Sqft
Room 8 Dimensions:

0 Sqft
Room 9 Dimensions:

1 Sqft
Room 11 Dimensions:

0 Sqft
Room 13 Dimensions:

0 Sqft
Room 14 Dimensions:

0 Sqft
Room 18 Dimensions:

garden
Room 20 Dimensions:

flat
Room 21 Dimensions:

1

Location

Directions:

I93 Exit 2, East on Pelham, 1st left at light on N Policy to Brookdale to Lake Shore to corner of S Shore and Lakeshore
Map:

79
Latitude:

42.786914000001005
Longitude:

-71.253444000000002

The Property

Property Class:

Multi-Family
Seasonal:

No
Lot:

4433
Lot Features:

Level
Lot SqFt:

78,408 Sqft
Lot Acres:

1 Sqft
Zoning:

APT 8+Up MDL-01
Exterior Features:

Balcony, Deck
Driveway:

Paved
Road Frontage:

Yes
Road Frontage Length:

396 Sqft
Waterview:

Yes
Waterfront:

No
Water Body Name:

Canobie Lake
Water Body Type:

Lake
Water Body Access:

No

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Taxes TBD:

No
Tax - Gross Amount:

$13,283

Beds

Bedrooms - Level 1:

1
Bedrooms - Level 4:

3
Bedrooms - Basement:

4
Total 2 Bedroom Units:

4

Baths

Total Full Baths:

9
Full Baths Size:

0 Sqft
Three Quarter Baths:

2
Three Quarter Baths Size:

3 Sqft
Half Baths Size:

31 Sqft
Quarter Baths:

1
Unit 1 Baths:

1
Unit 2 Baths:

1

The Listing

Virtual Tour
Price Per SqFt:

310.79
Foreclosed/Bank-Owned/REO:

No

Heating & Cooling

Heating:

Hot Water
Total Heat Units:

9
Total Water Heaters:

1

Utilities

Utilities:

Cable - Available
Separate Utilities:

Yes
Sewer:

Public
Electric:

Circuit Breaker(s)
Water Source:

Private
Total Gas Meters:

8
Total Electric Meters:

10

Appliances

Appliances:

Water Heater – Gas, Water Heater–Gas–LP/Bttle, Water Heater – Off Boiler, Water Heater – Owned
Total Refrigerators:

9

The Community

Condo Name:

Monthly
Marina Name:

Monthly
Covenants:

No

Parking

Parking:

Driveway, Off Street, On-Site, Parking Spaces 11 - 20, Paved

Extra Units

Unit 1 Rooms:

3
Unit 1 Bedrooms:

1
Unit 2 Bedrooms:

1
Total 3+ BR Units:

1
Unit 3 Style:

garden
Unit 3 Rooms:

4
Unit 3 Bedrooms:

2
Unit 3 Baths:

1
Unit 4 Bedrooms:

1
Unit 4 Baths:

1
Unit 5 Rooms:

2
Unit 5 Bedrooms:

1
Unit 5 Baths:

1
Unit 6 Style:

flat
Unit 6 Bedrooms:

2
Unit 6 Baths:

1
Unit 7 Rooms:

4
Unit 8 Baths:

2
Unit 8 Rooms:

5
Unit 8 Bedrooms:

3
Unit 1 Info:

Dishwasher, Heat - Gas, Hot Water, Kitchen Island, Microwave, Range - Gas, Refrigerator
Unit 2 Info:

Dishwasher, Heat - Gas, Hot Water, Microwave, Range - Electric, Refrigerator
Unit 3 Info:

Deck, Dishwasher, Microwave, Range - Electric, Refrigerator
Unit 4 Info:

Ceiling Fan, Range - Electric, Refrigerator
Unit 5 Info:

Appliances Included, Deck, Heat, Microwave, Range - Electric, Refrigerator
Unit 6 Info:

Appliances Included, Deck, Heat, Heat - Gas, Hot Water, Microwave, Range - Electric, Refrigerator
Unit 7 Info:

Deck, Heat - Gas, Hot Water, Microwave, Range - Gas, Refrigerator
Unit 8 Info:

Deck, Dishwasher, Heat - Gas, Hot Water, Microwave, Range - Gas, Refrigerator

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Sale history

Date	Event	Source	Price	% Change
6/12/25 Jun 12, 2025	Price Changed	PRIME_MLS	$2,385,000	-0.4%
4/28/25 Apr 28, 2025	Listed / Active	PRIME_MLS	$2,395,000
12/3/24 Dec 3, 2024	Listed / Active	MLSPIN

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This multifamily located in Depot Village, Salem, NH 03079 is currently for sale for $2,385,000. 3 S Shore is a 7,674 square foot multifamily with – beds and – baths that has been on Estately for 49 days. 3 S Shore is in the Depot Village neighborhood of Salem and has a WalkScore® of 9, making it car-dependent. This multifamily is in the attendance area of Salem High School, Mary A. Fisk Elementary School, and Woodbury School.

Listing Courtesy of: PRIME_MLS and 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.