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5 Buffum St, Salem MA 01970

Salem, MA 01970
$770,000
Est. $4,098/month
8
Beds
2
Baths
3,360
Sq Ft
$229
Price/Sq Ft
0.07
Acres
1915
Year Built
Multi Family
Type
9
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73236992

About this home

This new listing is a spacious two-unit multifamily property situated conveniently within walking distance to downtown Salem. The first unit features two bedrooms and a screen porch, perfect for enjoying the outdoors. The second and third floors house a generous five-bedroom unit with the potential for expansion, making it a versatile space for the new owner. With its prime location near restaurants, museums, and the commuter rail, this property boasts great bones and is just waiting for a new owner to make it their own. Much original woodwork, high ceilings, newer replacement windows, two fireplaces, double parlors in both units and updated heating systems.

Sale Statistics

Sale Overview
Original List Price: $769,900
Final Sale Price: $770,000
Difference: +$100 (+0.0%)
Performance Metrics
100.0%
List to Sale Ratio
Sold above asking price
9
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $229
Sale $/sq ft: $229
This property sold for $229 per square foot
Sale Summary

This property sold for 0.0% above the original asking price, indicating strong buyer demand.

With only 9 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
Multi Family
Property Category
Residential Income
Year Built
1915
Bedrooms
8
Full Bathrooms
2
Living Area
3,360 sq ft
Total Rooms
15
Stories
3
Levels
3

Interior Features

Flooring
Wood, Hardwood
Heating
Steam
Has Heating
Yes
Cooling
None
Has Cooling
No
Fireplace Features
Wood Burning
Has Fireplace
Yes
Number of Fireplaces
2
Appliances
Range, Refrigerator, Washer, Dryer
Interior Features
Pantry, Bathroom With Tub & Shower, Ceiling Fan(s), Living Room, Dining Room, Kitchen, Family Room
Basement Details
Full, Finished
Window Features
Insulated Windows

Exterior & Structure

Construction Materials
Frame
Roof
Shingle
Foundation
Stone
Patio/Porch Features
Porch, Enclosed, Screened
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.07 acres
Lot Size
2,849 sq ft
Lot Size Area
0.0700
Lot Features
Easements
Road Frontage Type
Public

Parking & Garage

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

Utilities & Systems

Utilities Available
for Electric Range
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers

Community & HOA

Senior Community
No

Financial & Tax Information

Annual Tax Amount
$8,174
Tax Year
2024
Tax Assessed Value
$703,400
Parcel Number
2132447
Zoning
R2

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Disclosures
See inclusion list uploaded. First floor washer/dryer and refrigerator is owned by tenant. There is a refrigerator in the basement that will remain for the first floor unit. Tenant is due to move by June 1st
Exclusions
Washer/Dryer On First Floor

Location

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Neighborhood

5 Buffum St, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

High School
Salem
Rating information coming soon

Monthly Payment Calculator

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%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $681
Homeowners Insurance $200
PMI $0

Property History

Market Insights

0%
Price Range
10
Total Days on Market

Property Timeline

✓
Sold
Jul 23, 2024
$770,000
Property sold
Days on Market: 10
🏠
Listed for Sale
May 13, 2024
$769,900
Original listing
Agent: Gingle-Lerman Realty Group Office: William Raveis R.E. & Home Services

Price & Status History

Date Event Price Change
May 13, 2024 New Listing Added $769,900 —

Market Statistics

Days on Market
9 days
Price per Sq Ft
$229

Tax History

Year Taxes Assessment
2024 $8,174 $703,400

Financial Details

Annual Property Tax
$8,174
Tax Year 2024
Assessed Value
$703,400

Listing Information

Listing Agent Gingle-Lerman Realty Group
Listing Office William Raveis R.E. & Home Services
Agent MLS ID TM331675
Office MLS ID M95385

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