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INVESTMENT SNAPSHOT
About this property
Location and value! Conveniently situated between downtown Salem and Salem State University, this updated two-family offers a strong rental history and a truly turn-key opportunity for an investor or owner-occupant. The first floor features a one-bedroom, one-bath unit, while the upper unit spans two levels with four bedrooms, two baths, and a vaulted bonus room. Unit 2 is now vacant and most recently rented for $4,000/month. A long list of upgrades, separate utilities, one-car garage, driveway, and low-maintenance patio add to the appeal. Enjoy easy access to downtown Salem’s shops, restaurants, commuter rail, and ferry to Boston, and don’t miss the small neighborhood beach at the end of the street!
Property details
| Units | 2 |
| Living area | 2,229 sqft |
| Lot size | 2,448 sqft |
| Year built | 1890 |
| Price / sqft | $393 |
| County | Essex |
| MLS # | 73578416 |
Listing status
| Days on market | 0 days |
| Listed on | September 16, 2026 |
Taxes & financials
| Annual property tax | $7,309 |
| Tax year | 2026 |
| Assessed value | $678,000 |
| Zoning | R1 |
| Gross income (actual) | $25,920/yr |
| Net operating income (actual) | $25,920/yr |
| Total actual rent | $2,160/mo |
Building & lot
| Stories | 3 |
| Total rooms | 12 |
| Lot size | 0.06 acres |
| Garage spaces | 1 |
| Parking spaces | 4 |
| Parking | Paved Drive, Off Street |
| Basement | Unfinished |
| Foundation | Stone, Brick/Mortar |
| Roof | Shingle |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Salem →
Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 5 Willow Ave, Salem MA 01970 have?
It is a 2-unit multi-family property with 2,229 sqft of living area, built in 1890.
How long has 5 Willow Ave, Salem MA 01970 been on the market?
5 Willow Ave, Salem MA 01970 has been listed for 0 days (since September 16, 2026).
What is the price per unit?
At a list price of $875,000 across 2 units, that works out to roughly $437,500 per unit.
What are the property taxes on 5 Willow Ave, Salem MA 01970?
Annual property taxes are $7,309 (2026), on an assessed value of $678,000.
What is the price per square foot?
At $875,000 for 2,229 sqft, that's about $393 per square foot.
Is there parking?
1 garage space and 4 total parking spaces (paved drive, off street).
Where is this property located?
5 Willow Ave, Salem MA 01970 is in Salem, Essex County, MA 01970.
