53 Cedar Street, Salem MA 01970
Salem, MA 01970 • South Salem
$799,000
Est. $4,828/month
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About this home
Constructed in 1915, this distinguished multi-family residence at 53 Cedar Street in Salem, MA, offers 2,247 square feet of refined living space. This property stands as a testament to enduring craftsmanship, presenting an exceptional opportunity for discerning buyers in a vibrant historical setting. The residence encompasses four well-proportioned bedrooms, providing ample private accommodations across its two stories. Complementing these are two full bathrooms, thoughtfully designed to cater to the needs of residents and guests alike. Situated on a generous 4,225 square foot lot, this property offers both expansive interior living and considerable outdoor potential. We invite you to discover the unique appeal and versatility of this Salem offering. Well maintained two family building with paved driveway and private back yard and patio. Two units each with 5 rooms, 2 bedrooms and 1 bath. Hardwood floors add value as well as overall maintenance of this property. Great central location and offers many possibilities for Salem State students as well as professionals. Unfinished third floor which is accessible from second floor unit offers bonus heated space although currently not in use. First floor has exclusive use to enclosed front porch and second floor has exclusive use to enclosed second floor porch.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Aug 14, 2026
$799,000
Original listing
Agent: Lynne Breed
Office: Gibson Sotheby's International Realty
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/14/2026 | 🏠 Listed for Sale | $799,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $7,052 | $654 |
Financial Details
Annual Property Tax
$7,052
Tax Year 2026
Assessed Value
$654
Facts & Features
Home Facts
Type
Residential Income
Style
2 Family - 2 Units Up/Down
Year Built
1915
Living Area
2,247 sq ft
Lot Size
0.09 acres
Stories
2
Bedrooms
4
Full Baths
2
Total Rooms
10
Investment Metrics
Units
2
Unit 1 Rent
$1,750/mo · Y
Unit 2 Rent
$1,800/mo · Y
Total Monthly Rent
$3,550/mo
Gross Income
$42,600
Net Operating Income
$42,600
Cap Rate
5.33%
Interior
Heating
None
Cooling
None
Flooring
Tile, Hardwood
Appliances
Range, Refrigerator
Fireplace
None
Basement
Full, Walk-out Access, Interior Entry, Bulkhead, Unfinished
Laundry
None
Features
Living Room, Dining Room, Kitchen
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
Rain Gutters, Garden
Pool
None
Spa
None
Fencing
Fenced/enclosed, Fenced
Patio/Porch
Enclosed, Patio
Parking
Features
Paved Drive, Off Street, On Street, Paved
Total Spaces
2
Utilities
Electric
Circuit Breakers, Individually Metered
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$7,052
Assessed Value
$654
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
National Grid Owns The Low Voltage Structures To The Right Of This Property. On-street Parking Allowed Without Permit Except For Month Of October When A Permit Is Required By City Of Salem.
Additional Details
Possession
None
Accepted Financing
Contract
Structure Type
[]
House Color
Yellow
Sq Ft Source
Public Record
Sq Ft Disclosures
Third floor is finished but is not currently being occupied. Full basement is unfinished.
Documents
None
County
Essex
Property Overview
Property Type
2 Family - 2 Units Up/Down
Listing Type
For Sale
Year Built
1915
Bedrooms
4
Full Bathrooms
2
Living Area
2,247 sq ft
Total Rooms
10
Stories
2
Levels
2
Floor Layout
Interactive room guide
Floor Layout
Finished Area
2,247 sq ft above grade
0 sq ft below grade
Display Options
Outdoor Areas
Patio & porchEnclosed, Patio
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Tile, Hardwood
Appliances:
Range, Refrigerator
Interior Features:
Living Room, Dining Room, Kitchen
Windows:
Storm Window(s), Screens
Basement:
Full, Walk-Out Access, Interior Entry, Bulkhead, Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1915
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Stone, Brick/Mortar, Irregular
Stories:
2
Heating, Cooling & Utilities
Heating:
Heating Zones:
2
Cooling:
Hot Water:
Natural Gas, Tank
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Varies per Unit
Exterior & Lot
Exterior Features:
Rain Gutters, Garden
Patio & Porch:
Enclosed, Patio
Fencing:
Fenced/Enclosed, Fenced
Other Structures:
Lot Features:
Corner Lot, Level
Road Frontage:
39.00 ft
Road Surface:
Paved
Parking & Garage
Total Parking Spaces:
2
Parking Features:
Paved Drive, Off Street, On Street, Paved
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
Elementary Schools
9 schools
The Phoenix School
0.9 mi
Grades PK-08
The Greenhouse School
1.2 mi
Grades PK-08
B-
Saltonstall School
0.2 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-
Horace Mann Laboratory School
0.9 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-
Carlton School
1.2 mi
|
#468 of 824
|
Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students
Diverse
Grades K-05
C+
Bentley Academy Innovation School
1.3 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
1.3 mi
106 students
Diverse
Diverse Student Body
Grades PK
B
Witchcraft Heights School
1.3 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
B+
Bates School
1.5 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
Middle Schools
1 school
C+
Collins Middle School
0.5 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
High Schools
2 schools
B+
Salem Academy Charter School
0.5 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
1.0 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
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Monthly Payment Breakdown
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Homeowners Insurance
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Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
South Salem
53 Cedar Street, Salem MA 01970
Salem, MA 01970
Listing Information
Listing Agent
Lynne Breed
Listing Office
Gibson Sotheby's International Realty
Office Phone
781-631-8800
Agent MLS ID
C0001904
Office MLS ID
AN9768
Listing Data Updated
Aug 14, 2026 6:20 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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