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5 Herbert St, Salem MA 01970

Salem, MA 01970
$625,000
Est. $4,061/month
2
Beds
2
Baths
1,786
Sq Ft
$350
Price/Sq Ft
0.04
Acres
1864
Year Built
Multi Family
Type
5 hours 38 minutes
Time on Market
Active Listed Apr 23, 2026 • MLS# 73506256 Copied!

About this home

EASY TO OWN - Well-Maintained 2-Unit Apartment Building in a Prime Location. An investment opportunity in an area tenants love. This well-kept 2-unit property features two one-bedroom apartments and additional finished attic space. Just moments from the train, Derby Wharf, Salem Common, Peabody-Essex Museum, and downtown shops and restaurants, making it highly desirable for renters. Property Features: Coin-op laundry in the basement, individual FHW gas heating units (installed within the last 5 years), tandem parking for 2 cars, plus on-street permit parking, newer carpets, and replacement of some windows, skylights, and a Juliet balcony on the third floor. FOR THE SMART BUYER looking to invest in a property with strong rental appeal and long-term potential. Showings by appointment only, beginning on Saturday 1pm-3pm. Please allow 48 hours for responses to Offers. Seller reserves the right to accept an Offer at any time.

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Property Overview

Property Type
Multi Family
Listing Type
For Sale
Year Built
1864
Bedrooms
2
Full Bathrooms
2
Living Area
1,786 sq ft
Total Rooms
6
Stories
2
Levels
2

Facts & Features

Home Facts

Type Residential Income
Style Multi Family
Year Built 1864
Living Area 1,786 sq ft
Lot Size 0.04 acres
Bedrooms 2
Full Baths 2
Total Rooms 6

Interior

Heating None, Baseboard, Natural Gas, Individual, Unit Control
Cooling None
Flooring Vinyl, Carpet, Laminate
Appliances Washer, Dryer, Range, Refrigerator
Fireplace None
Basement Full, Interior Entry, Concrete, Unfinished
Laundry None
Features Laundry Room, Bathroom With Tub & Shower, Living Room, Kitchen

Exterior

Construction None
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Off Street, Tandem, On Street
Total Spaces 2

Utilities

Electric Circuit Breakers, Individually Metered
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $8,406
Assessed Value $741,300

Interior Features

Flooring: Vinyl, Carpet, Laminate
Appliances: Washer, Dryer, Range, Refrigerator
Interior Features: Laundry Room, Bathroom With Tub & Shower, Living Room, Kitchen
Windows:
Basement: Full, Interior Entry, Concrete, Unfinished
Laundry:
Security:

Construction & Materials

Year Built: 1864
Structure Type:
Exterior Materials:
Roof: Shingle
Foundation: Stone
Stories: 2

Heating, Cooling & Utilities

Heating: None, Baseboard, Natural Gas, Individual, Unit Control
Heating Zones: 3
Cooling: None
Hot Water: Natural Gas, Tank
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Total Parking Spaces: 2
Parking Features: Off Street, Tandem, On Street

Location

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Neighborhood

5 Herbert St, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

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

9 schools
The Phoenix School
1.1 mi
Grades PK-08
The Greenhouse School
1.7 mi
Grades PK-08
B-
Saltonstall School
0.6 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
C+
Bentley Academy Innovation School
0.7 mi | #568 of 824 | Score: 42.3
Improved 143 spots from last year
-16 below state avg
286 students Moderate
Rising School
Grades PK-05
Salem Early Childhood School
0.7 mi
106 students Diverse
Diverse Student Body
Grades PK
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
1.2 mi | #325 of 824 | Score: 50.0
Improved 254 spots from last year
-8.2 below state avg
410 students Diverse
Rising School Diverse Student Body
Grades PK-05
C-
Horace Mann Laboratory School
1.5 mi | #671 of 824 | Score: 37.4
Improved 50 spots from last year
-20.8 below state avg
293 students Diverse
Rising School Diverse Student Body
Grades PK-05
B
Witchcraft Heights School
1.6 mi | #388 of 824 | Score: 48.1
Improved 162 spots from last year
-10.1 below state avg
455 students Diverse
Rising School Diverse Student Body
Grades K-05
M

Middle Schools

1 school
C+
Collins Middle School
1.0 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
H

High Schools

2 schools
B+
Salem Academy Charter School
0.4 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
1.6 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
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $701
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

-0.5% Rate
$0/mo
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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
Apr 23, 2026
$625,000
Original listing
Agent: Tina McManus Office: J. Barrett & Company

Price & Status History

Date Event Price Change
Apr 23, 2026 New Listing Added $625,000 —

Market Statistics

Time on Market
5 hours 38 minutes
Price per Sq Ft
$350

Tax History

Year Taxes Assessment
2025 $8,406 $741,300

Financial Details

Annual Property Tax
$8,406
Tax Year 2025
Assessed Value
$741,300

Listing Information

Listing Agent Tina McManus
Listing Office J. Barrett & Company
Agent MLS ID C0001875
Office MLS ID AC2087
Listing Data Updated Apr 23, 2026 9:28 AM 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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Market Analytics for Salem, MA

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