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53 Cedar Street, Salem MA 01970

$799,000

Estimated $1,883/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $399,500

Total Rent: 42600/year

Estimated CAP Rate:

4 Bedrooms

Baths

2247

Total Parking: 2

4,225 (0.09)

Constructed in 1915, this distinguished multi-family residence at 53 Cedar Street in Salem, MA, offers 2,247 square feet of refined living space. This property stands as a testament to enduring craftsmanship, presenting an exceptional opportunity for discerning buyers in a vibrant historical setting. The residence encompasses four well-proportioned bedrooms, providing ample private accommodations across its two stories. Complementing these are two full bathrooms, thoughtfully designed to cater to the needs of residents and guests alike. Situated on a generous 4,225 square foot lot, this property offers both expansive interior living and considerable outdoor potential. We invite you to discover the unique appeal and versatility of this Salem offering. Well maintained two family building with paved driveway and private back yard and patio. Two units each with 5 rooms, 2 bedrooms and 1 bath. Hardwood floors add value as well as overall maintenance of this property. Great central location and offers many possibilities for Salem State students as well as professionals. Unfinished third floor which is accessible from second floor unit offers bonus heated space although currently not in use. First floor has exclusive use to enclosed front porch and second floor has exclusive use to enclosed second floor porch.

This home has been viewed 6 times

Last Checked: September 14th, 2026 at 5:33pm (Source: MLS PIN #73563991)

Gross Income: $42,600

Gross Expenses: $7,052

Net Income Calc: $35,548

Water Views

Annual Expenses for 53 Cedar Street, Salem MA 01970

Total Gross Expenses (Calculated)$7,052/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax7052.27

Annual Income & Unit Breakdown for 53 Cedar Street, Salem MA 01970

Total Gross Income (Calculated)$42,600

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

General Information for 53 Cedar Street, Salem MA 01970

Listing ID73563991

Property TypeMulti Family / 2 Family

Price799000 ($355.59/SqFt)

Style2 Family - 2 Units Up/down

CitySalem

CountyEssex

MLS AreaSouth Salem

Neighborhood(s)Ipswich

Approximate Living Area Total2247

Approximate Lot Size (Acres)0.09

Total Parking2

Garage Parking0

Year Built1915

Year Built SourcePublic Records

Year Built DetailsApproximate,Renovated Since

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR2

Water ViewsNo

Water Views Features

Waterfront0

Waterfront FeaturesRiver

Terms

Disclosures for 53 Cedar Street, Salem MA 01970

Lead PaintNone

UFFINo

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsSellers Personal 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 53 Cedar Street, Salem MA 01970

Real Estate Taxes7052.27

Tax Year2026

Assessed Value$654

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 53 Cedar Street, Salem MA 01970

Elementary SchoolSalem

Middle SchoolSalem

High SchoolSalem

Neighborhood(s)Ipswich

MLS AreaSouth Salem

Area AmenitiesWalk/jog Trails

Contact Information for 53 Cedar Street, Salem MA 01970

Agent

Name: Lynne Breed

Office

Name: Gibson Sotheby's International Realty

Phone: 781-631-8800

Payment Calculator

, Interest

Property Taxes 587.69

Principal & Interest 4923.18

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Gibson Sotheby's International Realty

Lynne Breed

Agent Phone

Office Phone

(781) 631-8800

Text Agent Call Agent Call Office

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    [unparsed] => 53 Cedar Street, Salem MA 01970
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EXIT

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