41 Salem St, Salem MA 01970

Salem, MA 01970
$1,475,000
Est. $7,851/month
13
Beds
6
Baths
5,320
Sq Ft
$277
Price/Sq Ft
0.07
Acres
1915
Year Built
5-9 Family
Type
14
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73340304

About this home

41 Salem Street is a three-story residential investment property. The unit matrix consists of one (1), 1-Bedroom/1-Bathroom unit, three (3), 2-Bedroom/1-Bathroom units, and two (2), 3-Bedroom/1-Bathroom units in 5,320 square feet of living area on a .072-acre parcel. All units have updated kitchens with granite countertops and dishwashers. The Property is separately metered for electric, and electric heat, which the tenants pay directly. The Landlord is responsible for common area electric, gas-fired hot water, and domestic water and sewer. The Property is well-located on Salem Street, just over a half-mile away from Salem’s Historic Downtown with easy access to public transportation and numerous retail amenities. Salem is located 15 miles along the north shore from Downtown Boston, a major draw for many of the city’s residents.

Sale Statistics

Sale Overview
Original List Price: $1,500,000
Final Sale Price: $1,475,000
Difference: $25,000 (-1.7%)
Performance Metrics
98.3%
List to Sale Ratio
Sold below asking price
14
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $282
Sale $/sq ft: $277
This property sold for $277 per square foot
Sale Summary

This property sold for 1.7% below the original asking price.

With only 14 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
5-9 Family
Property Category
Residential Income
Year Built
1915
Bedrooms
13
Full Bathrooms
6
Living Area
5,320 sq ft
Total Rooms
23
Stories
3
Levels
3

Interior Features

Has Fireplace
No
Basement Details
Unfinished

Exterior & Structure

Roof
Slate
Foundation
Other
Has Spa
No
Waterfront Features
1/2 to 1 Mile To Beach
Waterfront Property
No

Lot & Land

Lot Size
0.07 acres
Lot Size
3,049 sq ft
Lot Size Area
0.0700
Lot Features
Other
Road Frontage Type
Public

Parking & Garage

Has Garage
No

Utilities & Systems

Water Source
Public
Sewer
Public Sewer
Electric
Individually Metered

Community & HOA

Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, House of Worship, Marina, Private School, Public School, T-Station, University
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$15,794
Tax Year
25
Tax Assessed Value
$1,380,000
Parcel Number
2135689
Zoning
R3

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
40 Park Unit 3 is currently vacant. Rent is set to market.

Location

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Neighborhood

41 Salem St, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

School information not available

Monthly Payment Calculator

%
%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $1,316
Homeowners Insurance $200
PMI $0

Property History

Market Insights

1.7%
Price Range
15
Total Days on Market

Property Timeline

Sold
Jun 6, 2025
$1,475,000
Property sold
Days on Market: 15
🏠
Listed for Sale
Mar 3, 2025
$1,500,000
Original listing
Agent: Stephen Girolamo Office: Horvath & Tremblay

Price & Status History

Date Event Price Change
Mar 3, 2025 New Listing Added $1,500,000

Market Statistics

Days on Market
14 days
Price per Sq Ft
$277

Tax History

Year Taxes Assessment
25 $15,794 $1,380,000

Financial Details

Annual Property Tax
$15,794
Tax Year 25
Assessed Value
$1,380,000

Listing Information

Listing Agent Stephen Girolamo
Listing Office Horvath & Tremblay
Agent MLS ID CN227795
Office MLS ID AN2723

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