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5 Willow Ave, Salem MA 01970

$875,000

Estimated $2,028/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $437,500

Total Rent: 25920/year

Estimated CAP Rate:

5 Bedrooms

Baths

2229

Total Parking: 5 (1 Garage)

2,448 (0.06)

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!

This home has been viewed 4 times

Last Checked: September 20th, 2026 at 7:58pm (Source: MLS PIN #73578416)

Gross Income: $25,920

Gross Expenses: $7,309

Net Income Calc: $18,611

Water Views

Annual Expenses for 5 Willow Ave, Salem MA 01970

Total Gross Expenses (Calculated)$7,309/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax7309

Annual Income & Unit Breakdown for 5 Willow Ave, Salem MA 01970

Total Gross Income (Calculated)$25,920

Unit 1

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms4

Bathrooms2 Full

Floor2

Levels in Unit2

Rent Includes

General Information for 5 Willow Ave, Salem MA 01970

Listing ID73578416

Property TypeMulti Family / 2 Family

Price875000 ($392.55/SqFt)

Style2 Family - 2 Units Up/down

CitySalem

CountyEssex

MLS AreaSouth Salem

Neighborhood(s)Ipswich

Approximate Living Area Total2229

Approximate Lot Size (Acres)0.06

Total Parking5 (1 Garage)

Garage Parking1

Year Built1890

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR1

Water ViewsYes

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 5 Willow Ave, Salem MA 01970

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsCoin Op Washer And Dryer In Basement To Remain.

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 5 Willow Ave, Salem MA 01970

Real Estate Taxes7309

Tax Year2026

Assessed Value$678,000

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 5 Willow Ave, Salem MA 01970

Neighborhood(s)Ipswich

MLS AreaSouth Salem

Area AmenitiesWalk/jog Trails

Contact Information for 5 Willow Ave, Salem MA 01970

Agent

Name: Strobeck Antonell Bull Group

Office

Name: Compass

Phone: 781-285-8028

Team Members

Name: Dana Bull

Payment Calculator

, Interest

Property Taxes 609.08

Principal & Interest 5391.47

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Compass

Strobeck Antonell Bull Group

Agent Phone

Office Phone

(781) 285-8028

Text Agent Call Agent Call Office

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    [unparsed] => 5 Willow Ave, Salem MA 01970
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EXIT

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