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255 Jefferson Ave, Salem MA 01970

Salem, MA 01970 • South Salem
$1,200,000
Est. $6,387/month
7
Beds
4
Baths
3,521
Sq Ft
$341
Price/Sq Ft
0.15
Acres
1890
Year Built
4 Family
Type
13
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73190503

About this home

A true cash cow next to Salem State University, 1 mile to downtown Salem & Commuter Rail, 1/2 mile to Salem High School, HMLS elementary and local amenities. Seller has done extensive updating. All units have in-unit laundry and share generous 8 car parking. Three 2 bedroom units and a townhouse style 1 bedroom unit. Two of the 2 bedroom units are renovated (2023), one was updated (2019). This is entirely turn-key. Unit 1 rented at $2400, unit 2 at $2600, unit 3 at 2600 and a 1 bedroom rented at $2150. 117k gross annual income. Two car parking for each unit.

Sale Statistics

Sale Overview
Original List Price: $1,250,000
Final Sale Price: $1,200,000
Difference: $50,000 (-4.0%)
Performance Metrics
96.0%
List to Sale Ratio
Sold below asking price
13
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $355
Sale $/sq ft: $341
This property sold for $341 per square foot
Sale Summary

This property sold for 4.0% below the original asking price.

With only 13 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
4 Family
Property Category
Residential Income
Year Built
1890
Bedrooms
7
Full Bathrooms
4
Living Area
3,521 sq ft
Total Rooms
14
Stories
5
Levels
5

Interior Features

Flooring
Tile, Laminate, Hardwood
Has Fireplace
No
Laundry Features
Electric Dryer Hookup, Washer Hookup
Basement Details
Full
Window Features
Insulated Windows

Exterior & Structure

Construction Materials
Frame
Roof
Shingle
Foundation
Stone
Exterior Features
Balcony
Patio/Porch Features
Porch, Patio
Fencing
Fenced/Enclosed
Has Spa
No
Waterfront Features
Harbor, 1 to 2 Mile To Beach, Beach Ownership(Public)
Waterfront Property
No

Lot & Land

Lot Size
0.15 acres
Lot Size
6,525 sq ft
Lot Size Area
0.1500
Lot Features
Level
Road Frontage Type
Public

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
8
Parking Features
Paved Drive, Off Street, Assigned

Utilities & Systems

Utilities Available
for Gas Range, for Electric Range, for Electric Dryer, Washer Hookup
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers

Community & HOA

Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$9,740
Tax Year
2023
Tax Assessed Value
$705,800
Parcel Number
2130881
Zoning
B1
Financial Data Source
Owner

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Listing Terms
Contract

Location

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Neighborhood

South Salem

255 Jefferson Ave, Salem MA 01970

Salem, MA 01970

Walkability

Loading Walk Score...

Schools

Elementary School
Hmls
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 $812
Homeowners Insurance $200
PMI $0

Property History

Market Insights

4%
Price Range
119
Total Days on Market

Property Timeline

✓
Sold
Feb 14, 2024
$1,200,000
Property sold
Days on Market: 119
🏠
Listed for Sale
Jan 3, 2024
$1,250,000
Original listing
Agent: Dan Bernal Office: Atlantic Coast Homes,Inc

Price & Status History

Date Event Price Change
Jan 3, 2024 New Listing Added $1,250,000 —

Market Statistics

Days on Market
13 days
Price per Sq Ft
$341

Tax History

Year Taxes Assessment
2023 $9,740 $705,800

Financial Details

Annual Property Tax
$9,740
Tax Year 2023
Assessed Value
$705,800

Listing Information

Listing Agent Dan Bernal
Listing Office Atlantic Coast Homes,Inc
Agent MLS ID BB923122
Office MLS ID AC1991

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