Active

4 Days on market

5 Walter St. Salem — Photo 1 of 35

$645,000

5 Walter St., Salem, MA 01970

Salem, MA 01970

Investor Analysis

Beds

Baths

1.5

SqFt

1,495

Style

Single Family

Built

1915

Welcome home to this beautifully maintained Salem Colonial, offering 4+ bedrooms and 1.5 baths. The spacious kitchen features a brand-new stove and dishwasher, while the inviting dining room showcases custom built-ins. Beautiful hardwood floors add warmth and character throughout. Outside, enjoy a fully fenced backyard, perfect for relaxing or entertaining. Recently installed solar panels help keep energy costs in check, adding efficiency and value to this charming home. Recent updates include new gas furnace (2026) and new hot water (2025). Easy to show!

Open Houses

Market Value Analysis

This Property

Size (SqFt) →Price →

This Property$431/sqft

Local Avg (Salem)$380/sqft

13% AboveMarket Average

* Analysis is based on 21 actively listed and recently sold comparable properties strictly within Salem, MA.

Financials

Original Price$645,000

Annual Taxes$6,797

Parking

Garage0

Off-Street2

Interior Specifications

Total Rooms8

FireplacesNone

FlooringTile, Vinyl, Hardwood, Flooring - Hardwood

BasementFull

Climate & Utilities

HeatingForced Air, Natural Gas

CoolingCentral Air

WaterPublic

SewerPublic Sewer

Building & Exterior

ConstructionFrame

RoofShingle

FoundationStone, Brick/Mortar, Granite

ZoningR2

Property & Lot

Acres0.06

SqFt Lot2,718

Lot Features--

Amenities & Appliances

Electric Water Heater • Range • Dishwasher • Refrigerator

Geography

Floorplan Breakdown

Structural Layout

Third

Bedroom 3Bedroom 4Bathroom 2

Second

OfficePrimary BedroomBedroom 2Bathroom 1

First

Living RoomDining RoomKitchen

Living Room

Lvl First

Ceiling Fan(s), Flooring - Hardwood, Lighting - Sconce

Dining Room

Lvl First

Closet/Cabinets - Custom Built, Flooring - Hardwood, Lighting - Pendant

Kitchen

Lvl First

Ceiling Fan(s), Flooring - Vinyl, Exterior Access, Recessed Lighting

Office

Lvl Second

Flooring - Hardwood

Primary Bedroom

Lvl Second

Ceiling Fan(s), Closet, Flooring - Hardwood, Lighting - Sconce

Bedroom 2

Lvl Second

Bedroom 3

Lvl Third

Ceiling Fan(s), Closet, Flooring - Hardwood

Bedroom 4

Lvl Third

Bathroom 1

Lvl Second

Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile

Bathroom 2

Lvl Third

Bathroom - Half, Flooring - Stone/Ceramic Tile

Population

44,738

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$85K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

50.4%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

1,060 housing units permitted in the last 12 months (-11% vs the prior 12 months) — 603 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 748 sq ft (the lesser of 900 sq ft or half the 1,495 sq ft principal dwelling). Lot size: 2,718 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Full Salem, MA market report ZIP 01970 market data

Listing Provided By

Listing Agent: Jenny May

Listing Office: J. Barrett & Company

MLS® Number: 73578618