21 Nichols St, Salem MA 01970

Salem, MA 01970
$505,000
Est. $2,688/month
2
Beds
2
Baths
1,280
Sq Ft
$395
Price/Sq Ft
0.06
Acres
1961
Year Built
2 Family - 2 Units Up/Down
Type
35
Days on Market
Closed Listed Sep 28, 2025 • MLS# 73219947

About this home

Don't miss this fantastic opportunity! Nestled in the Witchcraft Heights neighborhood of Salem, this beautiful turnkey 2-family home offers both immediate benefits and long-term potential. The first floor has been thoughtfully updated, boasting a brand-new kitchen, bathroom, and fresh paint. Meanwhile, the second floor exudes charm with beautifully restored hardwood floors, a sleek modern kitchen featuring new appliances, and a stunning granite bar countertop. Major updates completed, including a new roof, updated electric system, and vinyl siding, along with separate utilities for each unit. Whether you're an investor looking to maximize income potential by renting out both units or a homeowner seeking to offset mortgage costs by living in one unit while renting out the other, this is for you! First floor to be delivered vacant, 2nd floor lease ends Aug. 31st (tenant wishes to remain). Enjoy easy access to the commuter rail, waterfront, and downtown!

Sale Statistics

Sale Overview
Original List Price: $599,000
Final Sale Price: $505,000
Difference: $94,000 (-15.7%)
Performance Metrics
84.3%
List to Sale Ratio
Sold below asking price
35
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $468
Sale $/sq ft: $395
This property sold for $395 per square foot
Sale Summary

This property sold for 15.7% below the original asking price.

The property spent 35 days on market before selling.

Facts & Features

Property Overview

Property Type
2 Family - 2 Units Up/Down
Property Category
Residential Income
Year Built
1961
Bedrooms
2
Full Bathrooms
2
Living Area
1,280 sq ft
Total Rooms
8
Stories
2
Levels
2

Interior Features

Flooring
Wood, Laminate, Hardwood
Heating
Natural Gas
Has Heating
Yes
Cooling
None
Has Cooling
No
Has Fireplace
No
Appliances
Range, Refrigerator, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dishwasher
Interior Features
Pantry, Bathroom With Tub & Shower, Cathedral/Vaulted Ceilings, Upgraded Countertops, Kitchen, Living RM/Dining RM Combo
Laundry Features
Electric Dryer Hookup, Washer Hookup
Basement Details
Full
Window Features
Insulated Windows
Door Features
Insulated Doors, Storm Door(s)

Exterior & Structure

Construction Materials
Frame
Roof
Asphalt/Composition Shingles
Foundation
Concrete Perimeter
Exterior Features
Rain Gutters
Patio/Porch Features
Porch
Fencing
Fenced
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.06 acres
Lot Size
2,648 sq ft
Lot Size Area
0.0600
Lot Features
Corner Lot
Road Frontage Type
Public

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
2
Parking Features
Off Street, Tandem, Paved

Utilities & Systems

Utilities Available
for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
Water Source
Public
Sewer
Public Sewer
Electric
220 Volts

Community & HOA

Community Features
Public Transportation, Shopping, Medical Facility, House of Worship, University
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$6,011
Tax Year
2024
Tax Assessed Value
$517,300
Parcel Number
M:15 L:0239,2128671
Zoning
R1

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Disclosures
see attachment. Buyer-Buyers agent to do due diligence.
Listing Terms
Contract

Location

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Neighborhood

21 Nichols St, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

Elementary School
Witchcraft
Rating information coming soon
Middle School
Collins
Rating information coming soon
High School
Salem
Rating information coming soon

Monthly Payment Calculator

%
%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $501
Homeowners Insurance $200
PMI $0

Property History

Market Insights

4.5%
Price Range
36
Total Days on Market

Property Timeline

Sold
Jun 5, 2024
$505,000
Property sold
Days on Market: 36
🏠
Listed for Sale
Apr 4, 2024
$529,000
Original listing
Agent: Cheryl Colarusso Office: Keller Williams Realty Boston Northwest

Price & Status History

Date Event Price Change
Apr 4, 2024 New Listing Added $529,000

Market Statistics

Days on Market
35 days
Price per Sq Ft
$395

Tax History

Year Taxes Assessment
2024 $6,011 $517,300

Financial Details

Annual Property Tax
$6,011
Tax Year 2024
Assessed Value
$517,300

Listing Information

Listing Agent Cheryl Colarusso
Listing Office Keller Williams Realty Boston Northwest
Agent MLS ID CN233155
Office MLS ID AN2627

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