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7 May St, Salem MA 01970

$575,000

Estimated $1,505/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $287,500

Total Rent: 60000/year

Estimated CAP Rate:

2 Bedrooms

Baths

2052

Total Parking: 0

4,400 (0.10)

Contractor Dream: Take advantage of this spacious, freshly painted, sun-filled, six-bedroom, two-family, three-level home on a one-way street. Large living room, eat-in kitchen, ample bedrooms, Updated Bathroom, brand-new refrigerator, dishwasher, microwave, oven, separate door to third level, and extra storage space. Hardwood floors throughout, plenty of New windows that bring in lots of natural light, a New roof, and a beautiful, fenced shared yard for enjoyment. Potential for creating parking spaces; corner lot; close to downtown, restaurants, coffee shops, and public transportation. Property sold as is.

This home has been viewed 11 times

Last Checked: July 11th, 2026 at 6:28pm (Source: MLS PIN #73548198)

Gross Income: $60,000

Gross Expenses: $6,875

Net Income Calc: $53,125

Water Views

Annual Expenses for 7 May St, Salem MA 01970

Total Gross Expenses (Calculated)$6,875/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax6875

Annual Income & Unit Breakdown for 7 May St, Salem MA 01970

Total Gross Income (Calculated)$60,000

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit2

Rent Includes

General Information for 7 May St, Salem MA 01970

Listing ID73548198

Property TypeMulti Family / 2 Family

Price575000 ($280.21/SqFt)

Style2 Family - 2 Units Up/down

CitySalem

CountyEssex

Neighborhood(s)Ipswich

Approximate Living Area Total2052

Approximate Lot Size (Acres)0.1

Total Parking0

Garage Parking0

Year Built1920

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR3

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 7 May St, Salem MA 01970

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceOther

ExclusionsSome Of The Sellers' Personal Items Are Not Included In The Sale.

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 7 May St, Salem MA 01970

Real Estate Taxes6875

Tax Year2025

Assessed Value$637,800

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 7 May St, Salem MA 01970

Neighborhood(s)Ipswich

Area Amenities

Contact Information for 7 May St, Salem MA 01970

Agent

Name: Zahra Zoglauer

Office

Name: Coldwell Banker Realty - Boston

Phone: 617-266-4430

Payment Calculator

, Interest

Property Taxes 572.92

Principal & Interest 3542.97

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty - Boston

Zahra Zoglauer

Agent Phone

Office Phone

(617) 266-4430

Text Agent Call Agent Call Office

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EXIT

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