Listed by Audrey Townsend • RE/MAX Innovative Properties (atownsend@innovativesells.com).
For sale
$769,900
Est. $5,050/mo —
6
bd
•
2 ba
•
2,735
sq ft
225 Shannon Rd, Salem, NH 03079
About this home
Turnkey single-family home with a separate rental unit, offering flexibility, income potential, and extensive updates! Ideal for offsetting your mortgage with rental income, accommodating extended family, or enjoying additional private living space. The spacious four-bedroom main home blends character with modern updates. The remodeled kitchen features new appliances, granite countertops, a custom wine bar with quartz countertop, and new flooring. The renovated bathroom includes a new double vanity, updated bathtub with tile surround, new tile flooring, and stylish shiplap accents. Hardwood floors, vaulted ceilings, additional shiplap, and a charming four-season sunroom add warmth and character. The partially finished basement provides flexible space for recreation and storage. The SEPARATE two-bedroom rental unit features an open-concept kitchen, dining and living area, separate laundry, and two generously sized bedrooms. The updated kitchen offers new cabinetry, appliances, granite countertops, and LVP flooring. The renovated bathroom includes a new vanity, sink, storage cabinetry, and flooring. Outside, enjoy a generous lot with a LARGE fenced backyard and dedicated outdoor space for each unit. New siding, composite decking and stairs, plus multiple energy-efficiency and insulation upgrades, add to the appeal. Move-in ready and thoughtfully improved, this unique property offers the feel of a single-family home with the added benefit of a separate rental unit and income potential. * * Schedule your private showing or attend the open house Saturday, September 26th, 12–2.
Single-familyProperty Type
1954Year Built
1.12 acresLot Size
$281Price/Sq.Ft.
Listed by Audrey Townsend• RE/MAX Innovative Properties
Salem, located between Methuen, MA and Windham, NH, is a residential and retail Salem neighborhood with a lakefront edge and a busy commercial corridor. The character concentrates around the Route 28 and Veterans Memorial Parkway junction, where plazas, local eateries, and big-box storefronts set a brisk, errand-friendly rhythm. Canobie Lake Park and the historic Canobie Lake Park Ballroom act as long-running cultural anchors, while The Mall at Rockingham Park shapes the area’s modern retail identity. Housing ranges from mid-century neighborhoods to newer subdivisions, with wooded pockets breaking up the roadway grid. Canobie Lake and nearby trails add a quieter counterpoint to the main strip. Seasonal events and live entertainment keep the calendar active without changing the town’s practical, commuter-ready feel.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
15 total rooms
Partially finished basement with storage space and sump pump
Bulkhead and interior/exterior stair access to basement
No tenant access to a portion of the basement
Bathrooms
2 full bathrooms
Kitchen
Dishwasher
Microwave
Electric range
Refrigerator
Laundry & utility
Washer
Dryer
Domestic electric water heater
Flooring
Hardwood
Tile
Vinyl plank
Heating & cooling
Oil heat
Baseboard heating
Hot water heating
Mini-split heating and cooling
Exterior features
Level lot
Near shopping
Home design
Ranch-style home
Blue exterior
Parking
Paved driveway
Construction
Built in 1954
Vinyl siding
Fiberglass batt and spray foam insulation
Shingle (asphalt) roof
Concrete basement foundation
Utilities
Public water with purifier/softener
Septic system
Circuit breaker electrical panel
High-speed internet available
Cable available
Electricity and solar
View estimated energy costs and solar savings for this home
Turnkey Salem multifamily offering flexibility, income potential, and extensive updates! Ideal for owner-occupants looking to offset their mortgage, extended-family living, or investors seeking a well-maintained addition to their portfolio. The spacious four-bedroom owner’s unit blends character with modern updates. The remodeled kitchen features new appliances, granite countertops, a custom wine bar with quartz countertop, and LVP flooring. The renovated bathroom offers a new double vanity, bathtub with updated tile surround, flooring, and stylish shiplap accents. Hardwood floors, additional shiplap, vaulted ceilings, and a charming four-season porch add warmth and character. A partially finished basement provides flexible space for recreation, storage, or other needs. The two-bedroom rental unit features a bright open-concept kitchen, dining, and living area, separate laundry, and two generously sized bedrooms. The updated kitchen includes new cabinetry, sink, appliances, granite countertops, and LVP flooring, while the renovated bathroom offers a new vanity, sink, storage cabinetry, and flooring. Additional improvements include a new electric water heater, mini-splits, front steps, and spray foam insulation. Outside, enjoy a generous lot with a large fenced backyard and dedicated outdoor space for each unit. New siding, composite decking and stairs, plus multiple energy-efficiency and insulation upgrades, add to the property's appeal. Move-in ready and thoughtfully improved, this versatile Salem multifamily offers an excellent opportunity for both investors and owner-occupants. Schedule your private showing today or attend the open house on Saturday, September 26th from 12 - 2.
PrimeMLS #5110704
Sep 20, 2026
Listed
$769,900
$281/sq ft
PrimeMLS #4890613
Dec 22, 2021
Sold
$450,000
$165/sq ft
Nov 22, 2021
Contingent
—
Nov 13, 2021
Listed
$429,900
$157/sq ft
+35
* Offer deadline 11-21-21 8:00pm. Great opportunity here in North Salem for a multi family investment! This old girl is a little tired and in need of someone who is wiling to breathe new life into her! There is plenty of equity to be built here with the added bonus of a monthly rent payment. Home inspection was completed to give buyer more info on conditon. Property is zoned Multi Family. The 2 bedroom 1 bath townhouse has its' own newer septic system, heating system and utilities with public water. There is a nice spacious open concept living room, kitchen and dining room which looks out through the sliding glass doors to the beautiful serene back yard. Great natural light in that room. The main house is a 4 bedroom and 1 bath home with a full basement and a huge semi finished 3 season room with hardwood flooring. The main home has a newer kitchen. Most of the house is hardwood with the exception of the bathroom and kitchen/hall. (there just may be hardwood hiding under the laminate) The 3 season room is already framed and ready to add additional windows all the way around if her new owner wishes. There was a new roof installed in 2020. To add to the charm in the main house is a large stone fireplace equipped with a wood stove that heats the house up nicely. Whether it be sitting by the blazing fire in the winter months or relaxing on the back porch and listening to the babble of the stream in the spring, there's plenty to enjoy. This location is just stunning!
Year
Property tax
Land + Additions
Assessment*
2025
$8,564 (+3.2%)
$173,300 + $298,300
$471,600
2024
$8,300 (+3.8%)
$173,300 + $298,300
$471,600
2023
$7,998 (+5.7%)
$173,300 + $298,300
$471,600
2022
$7,569 (+6.5%)
$173,300 + $298,300
$471,600
2021
$7,108 (+7.8%)
$173,300 + $271,500
$444,800
2020
$6,595 (+0.2%)
$123,900 + $175,600
$299,500
2019
$6,583 (+1.7%)
$123,900 + $175,600
$299,500
2018
$6,472 (+3.7%)
$123,900 + $175,600
$299,500
2017
$6,242 (+2.0%)
$123,900 + $175,600
$299,500
2016
$6,119 (+12.8%)
$123,900 + $175,600
$299,500
2015
$5,425 (+4.5%)
$113,400 + $140,200
$253,600
2013
$5,189
$113,400 + $140,200
$253,600
Public record
Beds
6
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
1.12 Acres
Year renovated
—
Finished Sq. Ft.
2,285
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,285
Year built
1954
Style
Multi-Family (2-4 Unit)
County
Rockingham County
APN
587596
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 5, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 97° expected this year, 15 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Salem, NH • 03079
Average low and high temperatures (°F)
31
16
35
18
50
30
59
39
68
49
80
59
84
65
80
58
75
54
63
43
51
34
37
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.1 hours in
June and 4.4 hours in December, placing it below the
U.S. average for solar exposure.
9.1 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 225 Shannon Rd
$770,746
$846 over list price of $770K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $682K to $900K.