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47 Winthrop St, Salem MA 01970

Salem, MA 01970
$1,149,000
Est. $6,115/month
7
Beds
4.5
Baths
2,858
Sq Ft
$402
Price/Sq Ft
0.07
Acres
1915
Year Built
3 Family
Type
20
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73381487

About this home

Turnkey 3-family gem in the heart of downtown Salem! Fully renovated units, strong rental income, and location make this an exceptional opportunity for investors or owner-occupants seeking cash flow and long-term growth. Unit 1 offers 3 beds/2 baths with stylish finishes and generous living space. Unit 2 features 3 beds/1.5 baths has been renovated and will be delivered vacant ideal for an owner to move right in. Unit 3 is a spacious 1 bed/1 bath with separate kitchen, living and dinning room. Beautiful hardwood floors, modern kitchens, and updated baths through out the home. Exterior improvements and solid systems make this a low-maintenance asset. Current rents: $3,300 (U1), $3,100 (U2), $2,022 (U3). Excellent tenant history, responsible residents, and unbeatable proximity to shops, dining, commuter rail, and waterfront. Whether you're looking to expand your portfolio or live in one unit and let the others pay the mortgage this property checks all the boxes.

Sale Statistics

Sale Overview
Original List Price: $1,050,000
Final Sale Price: $1,149,000
Difference: +$99,000 (+9.4%)
Performance Metrics
109.4%
List to Sale Ratio
Sold above asking price
20
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $367
Sale $/sq ft: $402
This property sold for $402 per square foot
Sale Summary

This property sold for 9.4% above the original asking price, indicating strong buyer demand.

With only 20 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
3 Family
Property Category
Residential Income
Year Built
1915
Bedrooms
7
Full Bathrooms
4
Half Bathrooms
1
Living Area
2,858 sq ft
Total Rooms
14
Stories
3
Levels
3

Interior Features

Flooring
Tile, Hardwood
Heating
Hot Water, Natural Gas, Forced Air, Heat Pump, Oil
Has Heating
Yes
Cooling
Heat Pump
Has Cooling
Yes
Has Fireplace
No
Appliances
ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dishwasher, Range, Refrigerator
Interior Features
Laundry Room, Stone/Granite/Solid Counters, High Speed Internet, Upgraded Cabinets, Bathroom With Tub & Shower, Smart Thermostat, Remodeled, Living Room, Kitchen, Dining Room
Basement Details
Full, Unfinished

Exterior & Structure

Construction Materials
Frame
Roof
Slate, Rubber
Foundation
Stone
Exterior Features
Rain Gutters
Patio/Porch Features
Porch
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.07 acres
Lot Size
2,997 sq ft
Lot Size Area
0.0700
Lot Features
Level
Road Surface Type
Paved
Road Frontage Type
Public

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
1
Parking Features
Paved Drive, Off Street

Utilities & Systems

Utilities Available
for Gas Range
Water Source
Public
Sewer
Public Sewer

Community & HOA

Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, House of Worship, Public School, T-Station, University, Sidewalks
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$8,806
Tax Year
2025
Tax Assessed Value
$776,500
Parcel Number
M:25 L:0520,2131926
Zoning
B1
Financial Data Source
Owner

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
Showings began at open house on 5/31. Currently occupied, need 48 hours notice to show. Seller has never live in the property. Sold As Is Condition. The last 7 pictures on the mls were taken prior to occupancy from unit #1. They were taken around March/April 2024

Location

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Neighborhood

47 Winthrop St, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $734
Homeowners Insurance $200
PMI $0

Property History

Market Insights

8.6%
Price Range
22
Total Days on Market

Property Timeline

✓
Sold
Jul 18, 2025
$1,149,000
Property sold
Days on Market: 22
🏠
Listed for Sale
May 28, 2025
$1,050,000
Original listing
Agent: The Alianza Group Office: Nina-Soto Realty, LLC

Price & Status History

Date Event Price Change
May 28, 2025 New Listing Added $1,050,000 —

Market Statistics

Days on Market
20 days
Price per Sq Ft
$402

Tax History

Year Taxes Assessment
2025 $8,806 $776,500

Financial Details

Annual Property Tax
$8,806
Tax Year 2025
Assessed Value
$776,500

Listing Information

Listing Agent The Alianza Group
Listing Office Nina-Soto Realty, LLC
Agent MLS ID TM352293
Office MLS ID AN6324

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