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126-1/2 Federal St, Salem MA 01970

$1,050,000

Estimated $2,583/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $525,000

Total Rent: 0/year

Estimated CAP Rate:

4 Bedrooms

Baths

2926

Total Parking: 6

2,400 (0.06)

Beautifully maintained 1880 Salem multi-family brimming with character, space, and flexibility. Both units feature hardwood floors throughout, oversized windows flooding the space with natural light, spacious layouts, and inviting living areas ideal for everyday living and entertaining. Generous pantry storage, walk-in closets, stone and granite countertops, and updated electrical panels add comfort and peace of mind. Unit 2 spans two levels with cathedral ceilings, wall AC, and a dedicated family room. A full unfinished basement provides laundry and abundant storage. Enjoy a private patio and porch perfect for relaxing, gardening, or entertaining, plus 6 deeded off-street parking spaces — all minutes from downtown Salem, dining, shopping, and commuter rail. Formerly a legal grandfathered 3-family with potential future conversion/ADU possibilities subject to buyer due diligence and city approvals. See firm remarks and attached documents for additional information.

This home has been viewed 12 times

Last Checked: May 31st, 2026 at 4:33am (Source: MLS PIN #73516169)

Gross Income: $0

Gross Expenses: $10,564

Net Income Calc: $10,564

Water Views

Annual Expenses for 126-1/2 Federal St, Salem MA 01970

Total Gross Expenses (Calculated)$10,564/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax10564

Annual Income & Unit Breakdown for 126-1/2 Federal St, Salem MA 01970

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms2 Full

Floor2

Levels in Unit2

Rent Includes

General Information for 126-1/2 Federal St, Salem MA 01970

Listing ID73516169

Property TypeMulti Family

Price1050000 ($358.85/SqFt)

StyleMulti Family

CitySalem

CountyEssex

MLS AreaMcIntire Historic District

Neighborhood(s)Ipswich

Approximate Living Area Total2926

Approximate Lot Size (Acres)0.06

Total Parking6

Garage Parking0

Year Built1880

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningB1

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 126-1/2 Federal St, Salem MA 01970

Lead PaintNone

UFFINo

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsPersonal Property

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 126-1/2 Federal St, Salem MA 01970

Real Estate Taxes10564

Tax Year2025

Assessed Value$931,600

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 126-1/2 Federal St, Salem MA 01970

Neighborhood(s)Ipswich

MLS AreaMcIntire Historic District

Area AmenitiesWalk/jog Trails

Contact Information for 126-1/2 Federal St, Salem MA 01970

Agent

Name: Daniel Meegan

Office

Name: J. Barrett & Company

Phone: 978-922-3683

Payment Calculator

, Interest

Property Taxes 880.33

Principal & Interest 6469.77

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

J. Barrett & Company

Daniel Meegan

Agent Phone

Office Phone

(978) 922-3683

Text Agent Call Agent Call Office

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    [unparsed] => 126-1/2 Federal St, Salem MA 01970
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EXIT

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