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5 Willow Ave, Salem, MA 01970

$875,000
•
  • 5

    bed

  • 3

    bath

  • 2,229

    Sqft ($393/Sqft)

Multi-family for sale 12 hours
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About 5 Willow Ave

Property type Multi-family
Neighborhood
Year built 1890
HOA fee $0/month
Lot size 2,448 Sqft
Movoto estimate
Parking 1 garage spaces
Property description
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!
Listed by
Listing Agent - Strobeck Antonell Group
Listing Office - Compass
Source: MLS Property Information Network, Inc. mls logo
MLS#73578416 • last updated 12 hours ago
Movoto checked MLS Property Information Network, Inc. for data 15 minutes ago
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Overview
Levels/Style 3, 3
MLS # 73578416
Type Residential Income
Status Active
SubType 2 Family - 2 Units Up/Down
SqFt 2229
Lot Size (SqFt) 2448
Lot Size (Acres) 0.06
Annual Property Tax 7309
Year Built 1890
Interior
Total # of Bathrooms 3
# Full Baths 3
Total # of Bedrooms 5
Basement Unfinished
Total # of Rooms 12
Exterior
Foundation Stone, Brick/Mortar
Roof Shingle
# Covered Spaces 1
Parking Desc Paved Drive, Off Street
# Parking Spaces 4
# Garage Spaces 1
Patio/ Porch Patio
Lot Desc Level
Amenities / Utilities
Sewer Public Sewer
Water Source Public
Location
County Essex
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Conservation Area, House Of Worship, Marina, Public School, University
Zoning R1
APN 2135047
Directions Lafayette St To Willow Ave
Multifamily Details
Net Operating Income 25920
Total Actual Rent 2160
Gross Income 25920
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3/10
Horace Mann Laboratory
public Grades PK, K-5
Salem School District
5/10
Saltonstall School
public Grades K-8
Salem School District
4/10
Carlton Elementary School
public Grades K-5
Salem School District
3/10
Collins Middle School
public Grades 6-8
Salem School District
3/10
Salem High School
public Grades 9-12
Salem School District
Source: GreatSchools.org © 2026. All rights reserved.

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