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.

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Tax Information

Tax Year2024

Building

Year Built1880
Building ConstructionWood Frame, Vinyl Exterior
StyleApartment Building
Units9
Unit 1 Bath1
Unit 1 Bedrooms1
Unit 1 Floor Location1
Unit 1 Total Rooms3
Unit 2 Bath1
Unit 2 Bedrooms1
Unit 2 Floor Location1
Unit 2 Total Rooms3
Unit 3 Bath1
Unit 3 Bedrooms2
Unit 3 Floor Location2
Unit 3 Stylegarden
Unit 3 Total Rooms4
Unit 4 Bath1
Unit 4 Floor Location3
Unit 4 Total Rooms2
Unit 5 Baths1
Unit 5 Bedrooms1
Unit 6 Baths1
Unit 6 Bedrooms2
Unit 7 Baths1
# of 1 Bedrooms4
Unit 7 Bedrooms1
# of 2 Bedrooms4
Unit 8 Baths2
# of 3+ Bedrooms1
Unit 8 Bedrooms3
Bathroom9
Total Baths9
BasementDirt
FoundationConcrete, Granite

Basic Information

Virtual TourView Tour
StatusACT
List Price$2,361,000
Date Price Change12/05/2025
MLS Number5038205
MLS StatusActive

Interior

FloorsCarpet, Hardwood, Laminate, Vinyl Plank

Exterior

RoofFlat

Utilities

Heat SystemHot Water
WaterPrivate
Water HeaterGas Water Heater, Owned Water Heater, Propane Water Heater, Water Heater off Boiler
ElectricCircuit Breaker(s)
SewerPublic
UtilitiesCable Available

Water Body

Water Body TypeLake
Water Body NameCanobie Lake
Water AccessNo
Water ViewYes

Location

TownSalem
StateNH
Zip03079
CountyRockingham
ZoningAPT 8+Up MDL-01
Address3 S Shore Road
Flood Zone Y/NNo

Property

Acreage1
GarageNo
Parking Spaces
Lot DescriptionLevel
Lot4433
Square Feet7,674
APX Fin AG Sqft7,674
Road Frontage396
RoadsPublic Maintained Road
AreaNH-Rockingham

Amenities

Exterior AmenitiesBalcony, Deck
PricePerSqFt307.66

Other

Taxes$13,283
Seasonal Y/NNo
Operating Expenses25000
Date Listed04/28/2025
Unit 1 Deposit$1,995
Unit 2 Rent Amount$1,925
Unit 3 Rent Amount$2,195
Unit 4 Rent amount$1,500
Unit 5 Rent amount$1,695
Unit 7 Rent amount$1,925
Unit 8 Rent amount$2,800
View Count9

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 December 5, 2025 1:26 PM EST

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3 S Shore RoadSalem, NH 03079MLS Number 5038205

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