8 Cushing Street, Salem MA 01970

Salem, MA 01970
$552,500
Est. $2,941/month
4
Beds
2
Baths
2,230
Sq Ft
$248
Price/Sq Ft
0.11
Acres
1890
Year Built
2 Family - 2 Units Up/Down
Type
8
Days on Market
Closed Listed Sep 28, 2025 • MLS# 73284027

About this home

Investors and Renovators take note! This two-unit property is brimming with potential. Located just a short distance from the train station and vibrant downtown, this property offers convenience and opportunity in a prime location. Along with 2 bedrooms in each unit, the top floor unit offers an unfinished third floor that could be transformed into additional living space, adding even more value. With off-street parking, a detached garage as well as a fenced-in yard this property is ideal for those looking to invest in a thriving community. Bring your vision and tools to breathe new life into this home and maximize its potential! Highest and best offer deadline Sunday at 7pm Sept 8th.

Sale Statistics

Sale Overview
Original List Price: $475,000
Final Sale Price: $552,500
Difference: +$77,500 (+16.3%)
Performance Metrics
116.3%
List to Sale Ratio
Sold above asking price
8
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $213
Sale $/sq ft: $248
This property sold for $248 per square foot
Sale Summary

This property sold for 16.3% above the original asking price, indicating strong buyer demand.

With only 8 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
2 Family - 2 Units Up/Down
Property Category
Residential Income
Year Built
1890
Bedrooms
4
Full Bathrooms
2
Living Area
2,230 sq ft
Total Rooms
8
Stories
3
Levels
3

Interior Features

Flooring
Wood, Tile, Vinyl, Carpet
Heating
Forced Air
Has Heating
Yes
Cooling
None
Has Cooling
No
Has Fireplace
No
Interior Features
Walk-Up Attic, Living Room, Kitchen, Laundry Room
Basement Details
Full, Unfinished

Exterior & Structure

Construction Materials
Frame
Roof
Shingle
Foundation
Stone
Patio/Porch Features
Porch
Fencing
Fenced
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.11 acres
Lot Size
4,791 sq ft
Lot Size Area
0.1100
Road Frontage Type
Public

Parking & Garage

Garage Spaces
1
Has Garage
Yes
Total Non-Garage Parking Spaces
6
Parking Features
Paved Drive, Off Street
Covered Parking Spaces
1

Utilities & Systems

Utilities Available
for Gas Range
Water Source
Public
Sewer
Public Sewer

Community & HOA

Senior Community
No

Financial & Tax Information

Annual Tax Amount
$6,830
Tax Year
20
Tax Assessed Value
$587,800
Parcel Number
2129584
Zoning
R2

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Disclosures
Property sold as is as seen. Seller will not supply smoke certificate buyer responsibility. Buyer to do all due diligence in regards to property information.

Location

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Neighborhood

8 Cushing Street, 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 $569
Homeowners Insurance $200
PMI $0

Property History

Market Insights

14%
Price Range
9
Total Days on Market

Property Timeline

âś“
Sold
Dec 18, 2024
$552,500
Property sold
Days on Market: 9
🏠
Listed for Sale
Sep 3, 2024
$475,000
Original listing
Agent: Meghan Maraghy Office: Foundation Brokerage Group

Price & Status History

Date Event Price Change
Sep 3, 2024 New Listing Added $475,000 —

Market Statistics

Days on Market
8 days
Price per Sq Ft
$248

Tax History

Year Taxes Assessment
20 $6,830 $587,800

Financial Details

Annual Property Tax
$6,830
Tax Year 20
Assessed Value
$587,800

Listing Information

Listing Agent Meghan Maraghy
Listing Office Foundation Brokerage Group
Agent MLS ID G8000745
Office MLS ID AN7081

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