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47 Federal Street, Salem MA 01970

Salem, MA 01970 • Downtown
$599,900
Est. $4,185/month
4
Beds
1
Baths
2,433
Sq Ft
$247
Price/Sq Ft
0.04
Acres
1787
Year Built
2
Parking
11 hours 26 minutes
Time on Market
Active Listed Jul 10, 2026 • MLS# 73548035 Copied! • Updated Jul 10, 2026

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. Huge plus is the off street parking allowing for 2 car tandem parking. The building also has central air and is within moments to banks, restaurants. Very high "in and out" index. BUyers and buyers agent should determine of a change of usage is possible.

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Recently Sold Nearby

Property History

Property Timeline

🏠
Listed for Sale
Jul 10, 2026
$599,900
Original listing
Agent: George Fallon Office: 1 Percent Realty, LLC

Tax History

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

Financial Details

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

Facts & Features

Central AC

Home Facts

Type Residential
Style Single Family Residence
Year Built 1787
Living Area 2,433 sq ft
Lot Size 0.04 acres
Bedrooms 4
Half Baths 2
Total Rooms 8

Interior

Heating Forced Air
Cooling Central Air
Flooring Tile, Vinyl, Carpet
Appliances None
Fireplace None
Fireplaces 2
Basement None
Laundry None
Features None

Exterior

Construction Frame
Architecture Antique
Roof Shingle, Wood
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features Paved Drive, Off Street, Tandem
Total Spaces 2
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other None
Annual Tax $11,422
Assessed Value $521,800
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures Property Currently Used As An Office, Buyers And Buyers Agent Should Determine If A Sf Or Mf(2) Is Allowable
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Documents None
County Essex

Property Overview

Property Type
Single Family Residence
Listing Type
For Sale
Year Built
1787
Bedrooms
4
Half Bathrooms
2
Living Area
2,433 sq ft
Total Rooms
8

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring: Tile, Vinyl, Carpet
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Style: Antique
Year Built: 1787
Structure Type:
Exterior Materials: Frame
Roof: Shingle, Wood
Foundation: Irregular

Heating, Cooling & Utilities

Heating: Forced Air
Heating Zones: 1
Cooling: Central Air
Cooling Zones: 1
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: 2
Parking Features: Paved Drive, Off Street, Tandem

Special Features

Fireplaces: 2
Fireplace Type:
Community Amenities: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, House of Worship, Marina, Private School, Public School, T-Station, University
School District
Salem School District local
B-
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

3 schools
The Phoenix School
0.7 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
Rising School
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
M

Middle Schools

3 schools
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
Rising School Diverse Student Body
Grades 06-08
B+
Village School
2.1 mi | #253 of 824 | Score: 52.3
Dropped 64 spots from last year
-5.9 below state avg
529 students Moderate
Grades 04-06
C+
J. Henry Higgins Middle School
2.2 mi | #240 of 352 | Score: 37.2
Improved 5 spots from last year
-21 below state avg
1,320 students Diverse
Grades 06-08
H

High Schools

3 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 Rising School 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
Bishop Fenwick High School
1.4 mi
17 sports • 1,390 athletes
Strong Athletics
Grades 09-12
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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

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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.

Location

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Neighborhood

Downtown

47 Federal Street, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent George Fallon
Listing Office 1 Percent Realty, LLC
Office Phone 978-265-0318
Agent MLS ID C7308243
Office MLS ID AN1018
Listing Data Updated Jul 10, 2026 2:22 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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