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.
Sold for $635,000
$635,000
5 Herbert St, Salem, MA 01970
2beds
1,786sqft
Multi Family
Built in 1864
-- sqft lot
$634,800 Zestimate®
$356/sqft
$4,036 Estimated rent
Home value
$634,800
$584,000 - $686,000
$4,036/mo
Zestimate® history
Owner options
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$4,036/mo
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$3,912/mo
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Est. payment
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List your homeWhat's special
Additional finished attic spaceTwo one-bedroom apartmentsNewer carpetsReplacement of some windows
Zillow last checked:
Listing updated:
Listed by:
Tina McManus 978-473-2154,
J. Barrett & Company 978-922-3683
Bought with:
Larissa Nadworny
Charlesgate Realty Group LLC
Source: MLS PIN,MLS#: 73506256
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- None, Baseboard, Natural Gas, Individual, Unit Control
Cooling
- None
Appliances
- Included: Washer, Dryer, Range, Refrigerator
Features
- Laundry Room, Bathroom With Tub & Shower, Living Room, Kitchen
- Flooring: Vinyl, Carpet, Laminate
- Basement: Full,Interior Entry,Concrete,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 1,786
- Total interior livable area: 1,786 sqft
- Finished area above ground: 1,786
Property
Parking
- Total spaces: 2
- Parking features: Off Street, Tandem, On Street
- Uncovered spaces: 2
Lot
- Size: 1,851 sqft
- Features: Level
Details
- Foundation area: 893
- Parcel number: M:35 L:0317,2136721
- Zoning: R2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Stone
- Roof: Shingle
Condition
- Year built: 1864
Utilities & green energy
- Electric: Circuit Breakers, Individually Metered
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, Marina, Public School, T-Station, University
Location
- Region: Salem
HOA & financial
Other financial information
- Total actual rent: 3370
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/1/2026 | Sold | $635,000+1.6%$356/sqft |
Source: MLS PIN #73506256 Report a problem | ||
| 4/23/2026 | Listed for sale | $625,000-26.5%$350/sqft |
Source: MLS PIN #73506256 Report a problem | ||
| 11/26/2025 | Listing removed | $850,000$476/sqft |
Source: MLS PIN #73456655 Report a problem | ||
| 11/20/2025 | Listed for sale | $850,000+466.7%$476/sqft |
Source: MLS PIN #73456655 Report a problem | ||
| 2/16/2001 | Sold | $150,000-36.4%$84/sqft |
Source: Public Record Report a problem | ||
| 8/11/2000 | Sold | $235,900+2044.5%$132/sqft |
Source: Public Record Report a problem | ||
| 3/22/1993 | Sold | $11,000-98.9%$6/sqft |
Source: Public Record Report a problem | ||
| 12/1/1987 | Sold | $960,000$538/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,406 +4.1% | $741,300 +6.7% |
| 2024 | $8,075 +2.4% | $694,900 +10.2% |
| 2023 | $7,889 | $630,600 |
| 2022 | $7,889 +8.2% | $630,600 +19.4% |
| 2021 | $7,288 +6.8% | $528,100 +11.9% |
| 2020 | $6,822 +0.8% | $472,100 +5.3% |
| 2019 | $6,769 +7.7% | $448,300 +9.7% |
| 2018 | $6,283 +6.5% | $408,500 +9.8% |
| 2017 | $5,900 +2.6% | $372,000 +1.3% |
| 2016 | $5,752 +2.5% | $367,100 +7.3% |
| 2015 | $5,612 +15.3% | $342,000 +17.5% |
| 2014 | $4,868 +7% | $291,000 |
| 2012 | $4,548 -0.7% | $291,000 -4.3% |
| 2011 | $4,578 +0.5% | $304,200 -6.5% |
| 2010 | $4,556 -0.7% | $325,200 -8.4% |
| 2009 | $4,588 +2.7% | $355,100 -7.2% |
| 2008 | $4,467 +0.8% | $382,800 -7% |
| 2007 | $4,431 +6.3% | $411,400 +10.6% |
| 2006 | $4,170 +3.8% | $372,000 +5.4% |
| 2005 | $4,016 +4.7% | $352,900 +7.8% |
| 2004 | $3,835 +25% | $327,500 +37.4% |
| 2003 | $3,067 +10.9% | $238,300 +16.6% |
| 2002 | $2,766 +40.7% | $204,400 +57.7% |
| 1999 | $1,966 +19.7% | $129,600 -0.2% |
| 1994 | $1,642 | $129,800 |
Find assessor info on the county website
Neighborhood: 01970
Nearby schools
GreatSchools rating
- 5/10Saltonstall SchoolGrades: K-8Distance: 0.6 mi
- NASalem Prep High SchoolGrades: 9-12Distance: 0.2 mi
- 5/10Carlton Elementary SchoolGrades: K-5Distance: 0.7 mi
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Estimated market value
$634,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$634,800
- Massachusetts
- Essex County
- Salem
- 01970
- 5 Herbert St
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