Active
4 Days on market
5 Willow Ave Salem — Photo 1 of 25

5 Willow Ave Salem — Photo 1 of 25

$875,000

5 Willow Ave, Salem, MA 01970

Salem, MA 01970 — South Salem

Investor Analysis

Beds

5

Baths

3

SqFt

2,229

Style

2 Family - 2 Units Up/Down

Built

1890

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!

Open Houses

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$393/sqft
Local Avg (Salem)$348/sqft
13% AboveMarket Average

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

Property Details

Financials

Original Price$875,000
Annual Taxes$7,309

Parking

Garage1
Off-Street4

Interior Specifications

Total Rooms12
FireplacesNone
Flooring--
BasementUnfinished

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle
FoundationStone, Brick/Mortar
ZoningR1

Property & Lot

Acres0.06
SqFt Lot2,448
Lot FeaturesLevel

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Bike Path

Geography

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)

Listing Provided By

Listing Agent: Strobeck Antonell Bull Group

Listing Office: Compass

MLS® Number: 73578416

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