$845,000
5 Willow Ave
Salem, MA, 01970
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!
Property Details
Price:
$845,000
MLS #:
73578416
Status:
Active Under Contract
Beds:
5
Baths:
3
Type:
Multi Family
Subtype:
2 Family – 2 Units Up/Down
Neighborhood:
southsalem
Listed Date:
Sep 16, 2026
Finished Sq Ft:
2,229
Total Sq Ft:
2,229
Lot Size:
2,448 sqft / 0.06 acres (approx)
Year Built:
1890
Units:
2
Schools
Interior
Above Grade Finished Area
2229
Bathrooms
3 Full Bathrooms
Levels
3
Exterior
Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Conservation Area, House of Worship, Marina, Public School, University
Covered Spaces
1
Garage Spaces
1
Lot Features
Level
Open Parking Spaces
3
Open Parking YN
1
Parking Features
Paved Drive, Off Street
Parking Spots
4
Parking Total
4
Patio And Porch Features
Patio
Roof
Shingle
Stories
3
Financial
Tax Year
2026
Taxes
$7,309
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Map
Current real estate data for Multi Family in Salem as of Nov 08, 2026
26
Multi Family Listed
98
Avg DOM
310
Avg $ / SqFt
$1,280,638
Avg List Price
Community
- Address5 Willow Ave Salem MA
- CitySalem
- CountyEssex
- Zip Code01970
Subdivisions in Salem
Similar Listings Nearby
Property Summary
- 5 Willow Ave Salem MA is a Multi Family for sale in Salem, MA, 01970. It is listed for $845,000 To schedule a showing of MLS#73578416 at 5 Willow Ave in Salem, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of Compass. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
5 Willow Ave
Salem, MA