$625,000
5 Herbert St
Salem, MA, 01970
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.
Property Details
Price:
$625,000
MLS #:
73506256
Status:
Pending
Beds:
2
Baths:
2
Type:
Multi Family
Listed Date:
Apr 23, 2026
Finished Sq Ft:
1,786
Total Sq Ft:
1,786
Lot Size:
1,851 sqft / 0.04 acres (approx)
Year Built:
1864
Units:
2
Schools
Interior
Above Grade Finished Area
1786
Appliances
Washer, Dryer, Range, Refrigerator
Bathrooms
2 Full Bathrooms
Cooling
None
Flooring
Vinyl, Carpet, Laminate
Heating
None, Baseboard, Natural Gas, Individual, Unit Control
Interior Features
Laundry Room, Bathroom With Tub & Shower, Living Room, Kitchen
Levels
2
Exterior
Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, Marina, Public School, T-Station, University
Lot Features
Level
Open Parking Spaces
2
Open Parking YN
1
Parking Features
Off Street, Tandem, On Street
Parking Spots
2
Parking Total
2
Roof
Shingle
Stories
2
Financial
Tax Year
2025
Taxes
$8,406
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Current real estate data for Multi Family in Salem as of May 04, 2026
21
Multi Family Listed
145
Avg DOM
322
Avg $ / SqFt
$1,198,367
Avg List Price
Community
- Address5 Herbert St Salem MA
- CitySalem
- CountyEssex
- Zip Code01970
Subdivisions in Salem
Similar Listings Nearby
Property Summary
- 5 Herbert St Salem MA is a Multi Family for sale in Salem, MA, 01970. It is listed for $625,000 To schedule a showing of MLS#73506256 at 5 Herbert St in Salem, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of J. Barrett & Company. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
5 Herbert St
Salem, MA