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47 Federal Street, Salem MA 01970

Salem, MA 01970 • Downtown
$669,000
Est. $4,535/month
4
Beds
1
Baths
2,434
Sq Ft
$275
Price/Sq Ft
0.04
Acres
1787
Year Built
Single Family Residence
Type
4 hours 56 minutes
Time on Market
Active Listed Jan 2, 2026 • MLS# 73464715 Copied!

About this home

Well located 1787 Gambrel office building directly across from courthouse , 1 block to train and parking garage. Currently used as Attorney At Law Office but there may be an option to convert to a residential property. Huge plus is the off street parking allowing for 2-4 car tandem parking. There are 4 -6 offices, reception area and conference room and law library, 2 half baths and 2 small kitchen areas. The building also has central air and is within moments to banks, restaurants. Very high "in and out" index. Motivated seller.

Property Overview

Property Type
Single Family Residence
Listing Type
For Sale
Year Built
1787
Bedrooms
4
Half Bathrooms
2
Living Area
2,434 sq ft
Total Rooms
8

Facts & Features

Central AC

Home Facts

Type Residential
Style Single Family Residence
Year Built 1787
Living Area 2,434 sq ft
Lot Size 0.04 acres
Bedrooms 4
Half Baths 2
Total Rooms 8

Interior

Heating Central
Cooling Central Air
Flooring None
Appliances Gas Water Heater, Electric Water Heater
Fireplace None
Basement Full, Unfinished
Laundry None
Features None

Exterior

Construction Frame
Architecture Colonial, Antique
Roof Shingle, Wood
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Paved Drive, Off Street, Tandem
Total Spaces 4

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $11,422
Assessed Value $521,800

Interior Features

Flooring:
Appliances: Gas Water Heater, Electric Water Heater
Interior Features:
Windows:
Basement: Full, Unfinished
Laundry:
Security:

Construction & Materials

Style: Colonial, Antique
Year Built: 1787
Structure Type:
Exterior Materials: Frame
Roof: Shingle, Wood
Foundation: Stone, Brick/Mortar

Heating, Cooling & Utilities

Heating: Central
Heating Zones: 2
Cooling: Central Air
Cooling Zones: 2
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 4
Parking Features: Paved Drive, Off Street, Tandem

Location

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Neighborhood

Downtown

47 Federal Street, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

School District
Salem School District local
⚠ School Safety 2024-25
3.6% Above Average
2.3% Suspensions 0.8% In-School 1.3% Emergency
↓ 1.9% below state avg
E

Elementary Schools

9 schools
The Phoenix School
0.7 mi
Grades PK-08
The Greenhouse School
1.8 mi
Grades PK-08
B-
Saltonstall School
0.7 mi | #460 of 824 | Score: 45.8
Improved 108 spots from last year
-12.4 below state avg
412 students Diverse
Grades K-05
B-
Carlton School
0.7 mi | #468 of 824 | Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students Diverse
Grades K-05
B+
Bates School
0.9 mi | #325 of 824 | Score: 50.0
Improved 254 spots from last year
-8.2 below state avg
410 students Diverse
Diverse Student Body
Grades PK-05
C+
Bentley Academy Innovation School
1.0 mi | #568 of 824 | Score: 42.3
Improved 143 spots from last year
-16 below state avg
286 students Moderate
Grades PK-05
Salem Early Childhood School
1.0 mi
106 students Diverse
Diverse Student Body
Grades PK
B
Witchcraft Heights School
1.2 mi | #388 of 824 | Score: 48.1
Improved 162 spots from last year
-10.1 below state avg
455 students Diverse
Diverse Student Body
Grades K-05
C-
Horace Mann Laboratory School
1.3 mi | #671 of 824 | Score: 37.4
Improved 50 spots from last year
-20.8 below state avg
293 students Diverse
Diverse Student Body
Grades PK-05
M

Middle Schools

1 school
C+
Collins Middle School
0.7 mi | #219 of 352 | Score: 39.5
Improved 60 spots from last year
-18.7 below state avg
611 students Diverse
Diverse Student Body
Grades 06-08
H

High Schools

2 schools
B+
Salem Academy Charter School
0.7 mi | #139 of 346 | Score: 56.7
Improved 97 spots from last year
-1.5 below state avg
480 students Diverse
10 sports • 568 athletes
High Graduation Rate College Ready Curriculum
Grades 06-12
B
Salem High School
1.4 mi | #144 of 346 | Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 students Diverse
18 sports • 1,080 athletes
Early College Program Career Tech Programs College Ready Curriculum Strong Athletics
Grades 09-12
Learn about these ratings
School data provided by BMN Schools

Monthly Payment Calculator

Monthly Payment
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Loan Amount
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After down payment
Total Interest
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $952
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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Current Rate
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+0.5% Rate
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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Property Timeline

🏠
Listed for Sale
Jan 2, 2026
$669,000
Original listing
Agent: George Fallon Office: Tache Real Estate, Inc.

Price & Status History

Date Event Price Change
Jan 2, 2026 Sold $669,000 —
Jan 2, 2026 New Listing Added $669,000 —
Nov 25, 2025 Sold $669,000 —

Market Statistics

Time on Market
4 hours 56 minutes
Price per Sq Ft
$275

Tax History

Year Taxes Assessment
2026 $11,422 $521,800

Financial Details

Annual Property Tax
$11,422
Tax Year 2026
Assessed Value
$521,800

Listing Information

Listing Agent George Fallon
Listing Office Tache Real Estate, Inc.
Agent MLS ID C7308243
Office MLS ID C86500

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Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

47 Federal Street, Salem MA 01970 - Photo 1 47 Federal Street, Salem MA 01970 - Photo 2 47 Federal Street, Salem MA 01970 - Photo 3 47 Federal Street, Salem MA 01970 - Photo 4 47 Federal Street, Salem MA 01970 - Photo 5 47 Federal Street, Salem MA 01970 - Photo 6 47 Federal Street, Salem MA 01970 - Photo 7 47 Federal Street, Salem MA 01970 - Photo 8 47 Federal Street, Salem MA 01970 - Photo 9 47 Federal Street, Salem MA 01970 - Photo 10 47 Federal Street, Salem MA 01970 - Photo 11 47 Federal Street, Salem MA 01970 - Photo 12 47 Federal Street, Salem MA 01970 - Photo 13 47 Federal Street, Salem MA 01970 - Photo 14

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