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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!

More Info

Basic Information

  • Gross Income $25,920
  • Lot Features Level
  • Mls StatusNew
  • Parcel Number 2135047

Tax Information

  • Tax Assessed Value $678,000
  • Tax Year 2026
  • Taxes$7,309

Parking

  • Covered Spaces 1
  • Garage YN Yes
  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street
  • Parking Spaces4

Rooms

  • Bathroom3
  • Bathrooms Total Decimal 3
  • Bedrooms5
  • Full Bath3

Basic Information

  • List Price$875,000
  • MLS Number73578416
  • Modification Date09/17/2026
  • Property SubType2 Family - 2 Units Up/Down

Location

  • Address5 Willow Avenue
  • Building Number5
  • CountyEssex
  • NeighborhoodSouth Salem
  • StateMA
  • StreetWillow Avenue
  • SubdivisionSouth Salem
  • TownSalem
  • Zip01970

Building

  • BasementUnfinished
  • Building Area Units Square Feet
  • FoundationStone, Brick/Mortar
  • Garage Spaces1
  • Levels 3
  • Patio And Porch Features Patio
  • Rooms12
  • Stories3
  • Units2
  • Year Built1890
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.06

Exterior

  • RoofShingle

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 2,229
  • Lot Size Square Feet 2,448
  • Lot Size Units Acres
  • Square Feet2,229

Amenities

  • Amenities
    • Bike Path
    • Conservation Area
    • House of Worship
    • Marina
    • Medical Facility
    • Park
    • Public School
    • Public Transportation
    • Shopping
    • University
    • Walk/Jog Trails
  • Other AmenitiesBasement

Legal

  • ZoningR1

Other

  • Date Listed09/16/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Strobeck Antonell Bull Group of Compass

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