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7 May St, Salem MA 01970

Salem, MA 01970
$575,000
Est. $3,680/month
2
Beds
2
Baths
2,052
Sq Ft
$280
Price/Sq Ft
0.10
Acres
1920
Year Built
2 Family - 2 Units Up/Down
Type
Active Under Contract Listed Jul 10, 2026 • MLS# 73548198 Copied! • Updated Jul 11, 2026

About this home

Contractor Dream: Take advantage of this spacious, freshly painted, sun-filled, six-bedroom, two-family, three-level home on a one-way street. Large living room, eat-in kitchen, ample bedrooms, Updated Bathroom, brand-new refrigerator, dishwasher, microwave, oven, separate door to third level, and extra storage space. Hardwood floors throughout, plenty of New windows that bring in lots of natural light, a New roof, and a beautiful, fenced shared yard for enjoyment. Potential for creating parking spaces; corner lot; close to downtown, restaurants, coffee shops, and public transportation. Property sold as is.

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A free agent CMA factors in condition, upgrades, and the street — the things comps alone can't see.

Recently Sold Nearby

Property History

Market Insights

Property Timeline

📋
Status: Active under contract
Jul 11, 2026
Active → Active Under Contract
🏠
Listed for Sale
Jul 11, 2026
$575,000
Original listing
Agent: Zahra Zoglauer Office: Coldwell Banker Realty - Boston

Tax History

Year Taxes Assessment
2025 $6,875 $637,800

Financial Details

Annual Property Tax
$6,875
Tax Year 2025
Assessed Value
$637,800

Facts & Features

Home Facts

Type Residential Income
Style 2 Family - 2 Units Up/Down
Year Built 1920
Living Area 2,052 sq ft
Lot Size 0.10 acres
Bedrooms 2
Full Baths 2
Total Rooms 11

Investment Metrics

Units 2
Unit 1 Rent $2,500/mo · N
Unit 2 Rent $2,500/mo · N
Total Monthly Rent $5,000/mo
Gross Income $60,000
Net Operating Income $60,000
Cap Rate 10.43%
Heating None
Cooling None
Flooring Hardwood
Appliances None
Fireplace None
Basement Walk-out Access, Unfinished
Laundry None
Features None
Construction None
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch Enclosed
Features On Street
Electric 110 Volts
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range

Financial

Annual Tax $6,875
Assessed Value $637,800
Fee Includes None
Amenities None
Optional Fee Includes None
Down Payment Resource Eligible
Seller Disclosures Sold As Is, The Buyer Shall Conduct Their Own Due Diligence. The Seller And The Sellers Agent Make No Representations Or Warranties Regarding The Accuracy Or Completeness Of Any Information Provided
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Other
Documents None
County Essex
Total market time (incl. prior listings) 1 days

Property Overview

Property Type
2 Family - 2 Units Up/Down
Listing Type
For Sale
Year Built
1920
Bedrooms
2
Full Bathrooms
2
Living Area
2,052 sq ft
Total Rooms
11
Stories
3
Levels
3

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: Hardwood
Appliances:
Interior Features:
Windows: Insulated Windows
Basement: Walk-Out Access, Unfinished
Laundry:
Security:

Construction & Materials

Year Built: 1920
Structure Type:
Exterior Materials:
Roof: Shingle
Foundation: Stone
Stories: 3

Heating, Cooling & Utilities

Heating:
Heating Zones: 2
Cooling:
Hot Water: Oil, Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch: Enclosed
Fencing:
Other Structures:
Lot Features: Corner Lot, Level
Road Surface:

Parking & Garage

Parking Features: On Street
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
0.3 mi
Grades PK-08
The Greenhouse School
1.5 mi
Grades PK-08
B
Witchcraft Heights School
0.7 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
C-
Horace Mann Laboratory School
0.7 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-
Saltonstall School
0.8 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+
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
B-
Carlton School
1.3 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
1.6 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
1.6 mi
106 students Diverse
Diverse Student Body
Grades PK
M

Middle Schools

1 school
C+
Collins Middle School
0.2 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
1.0 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
0.8 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
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After down payment
Total Interest
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Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $573
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

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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.

Location

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Neighborhood

7 May St, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Zahra Zoglauer
Listing Office Coldwell Banker Realty - Boston
Office Phone 617-266-4430
Agent MLS ID CN200502
Office MLS ID AN6192
Listing Data Updated Jul 11, 2026 2:39 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

BMN Boston Real Estate
BMN Boston Real Estate
Douglas Elliman
(617) 800 - 9008 contact@bmnboston.com
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