1. Home
  2. New Hampshire
  3. Canobie Lake

An exciting investment opportunity with you. Located just $2,385,000

3 S Shore Road, Salem, NH 03079

12 br, 9.0 ba, 1880 7674 sf
Rockingham County
Ad #: 6098539

Lake Home For Sale

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.

Property Details

  • Beds: 12
  • Baths: 9.0
  • Sq Feet: 7674
  • Year Built: 1880
  • Location: Canobie Lake
  • Acres: 1.800
  • County: Rockingham County
  • Heat/AC: Hot Water (Heating)
  • Garage: Driveway, Off Street, Paved or Surfaced
  • Roof: Flat
  • Stories: 3
  • Property Taxes: $13,283
  • MLS #: 5038205

Location

Click on map to activate
(Open in Google Maps)   (Bing Map)  (Mapquest Map)

Contact Information:

Contact Agent
Listing Agent: Steve Cotran, REMAX Area Real Estate Network, 603-626-5000, 603-626-5000 Listing Site, Listing Status: Active
Copyright © 2025 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Ad Statistics:

Lake Home For Sale in Salem, New Hampshire
Ad Number : 6098539
Viewed: 63 times
Added: May 13, 2025
Updated on: Jun 12, 2025
All information provided is deemed reliable but is not guaranteed and should be independently verified.