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Beautifully maintained 1880 Salem multi-family brimming with character, space, and flexibility. Both units feature hardwood floors throughout, oversized windows flooding the space with natural light, spacious layouts, and inviting living areas ideal for everyday living and entertaining. Generous pantry storage, walk-in closets, stone and granite countertops, and updated electrical panels add comfort and peace of mind. Unit 2 spans two levels with cathedral ceilings, wall AC, and a dedicated family room. A full unfinished basement provides laundry and abundant storage. Enjoy a private patio and porch perfect for relaxing, gardening, or entertaining, plus 6 deeded off-street parking spaces - all minutes from downtown Salem, dining, shopping, and commuter rail. Formerly a legal grandfathered 3-family with potential future conversion/ADU possibilities subject to buyer due diligence and city approvals. See firm remarks and attached documents for additional information.

More Info

Basic Information

  • Mls StatusUnder Agreement
  • Parcel Number M:26 L:0574,2132844
  • Road Frontage DescriptionPaved

Tax Information

  • Tax Assessed Value $931,600
  • Tax Year 2025
  • Taxes$10,564

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street, Deeded
  • Parking Spaces6

Rooms

  • Bathroom3
  • Bathrooms Total Decimal 3
  • Bedrooms4
  • Full Bath3

Basic Information

  • List Price$1,050,000
  • MLS Number73516169
  • Modification Date05/29/2026
  • Property SubTypeMulti Family
  • Purchase Contract Date05/29/2026

Location

  • Address126-1/2 Federal Street
  • Building Number126-1/2
  • CountyEssex
  • NeighborhoodMcIntire Historic District
  • StateMA
  • StreetFederal Street
  • SubdivisionMcintire Historic District
  • TownSalem
  • Zip01970

Building

  • BasementFull, Interior Entry, Bulkhead, Concrete
  • Building Area Units Square Feet
  • Construction Materials Frame, Conventional (2x4-2x6)
  • FoundationStone, Brick/Mortar
  • Levels 3
  • Patio And Porch Features Patio
  • Rooms13
  • Stories3
  • Units2
  • Utilities For Gas Range, For Gas Dryer
  • Year Built1880
  • Year Built Details Actual
  • Year Built Source Public Records

Property

  • Acreage0.06

Interior

  • Flooring Wood, Hardwood, Stone/Ceramic Tile
  • Interior Features
    • Bathroom With Tub & Shower
    • Bathroom with Shower Stall
    • Cathedral/Vaulted Ceilings
    • Ceiling Fan(s)
    • Dining Room
    • Family Room
    • Kitchen
    • Living Room
    • Pantry
    • Stone/Granite/Solid Counters
    • Storage
    • Walk-In Closet(s)

Exterior

  • Exterior Features Rain Gutters
  • RoofShingle

Utilities

  • Cooling Wall Unit(s)
  • Cooling YN Yes
  • Electric Circuit Breakers,100 Amp Service, Common
  • Heat SystemYes
  • Heating Forced Air, Natural Gas, Steam, Wall Unit
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 2,926
  • Lot Size Square Feet 2,400
  • Lot Size Units Acres
  • Road Responsibility Public Maintained Road
  • Square Feet2,926

Amenities

  • Amenities
    • Highway Access
    • House of Worship
    • Medical Facility
    • Public School
    • Public Transportation
    • Shopping
    • Sidewalks
    • University
  • Appliances IncludedRange, Dishwasher, Disposal, Refrigerator, Washer, Dryer, Freezer, Microwave
  • Other AmenitiesBasement, Garden

Legal

  • ZoningB1

Other

  • Date Listed05/11/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Daniel Meegan of J. Barrett & Company

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