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INVESTMENT SNAPSHOT
About this property
Constructed in 1915, this distinguished multi-family residence at 53 Cedar Street in Salem, MA, offers 2,247 square feet of refined living space. This property stands as a testament to enduring craftsmanship, presenting an exceptional opportunity for discerning buyers in a vibrant historical setting. The residence encompasses four well-proportioned bedrooms, providing ample private accommodations across its two stories. Complementing these are two full bathrooms, thoughtfully designed to cater to the needs of residents and guests alike. Situated on a generous 4,225 square foot lot, this property offers both expansive interior living and considerable outdoor potential. We invite you to discover the unique appeal and versatility of this Salem offering. Well maintained two family building with paved driveway and private back yard and patio. Two units each with 5 rooms, 2 bedrooms and 1 bath. Hardwood floors add value as well as overall maintenance of this property. Great central location and offers many possibilities for Salem State students as well as professionals. Unfinished third floor which is accessible from second floor unit offers bonus heated space although currently not in use. First floor has exclusive use to enclosed front porch and second floor has exclusive use to enclosed second floor porch.
Property details
| Units | 2 |
| Living area | 2,247 sqft |
| Lot size | 4,225 sqft |
| Year built | 1915 |
| Price / sqft | $356 |
| County | Essex |
| MLS # | 73563991 |
Listing status
| Days on market | 0 days |
| Listed on | August 14, 2026 |
Taxes & financials
| Annual property tax | $7,052 |
| Tax year | 2026 |
| Assessed value | $654 |
| Zoning | R2 |
| Gross income (actual) | $42,600/yr |
| Net operating income (actual) | $42,600/yr |
| Total actual rent | $3,550/mo |
Building & lot
| Stories | 2 |
| Total rooms | 10 |
| Lot size | 0.09 acres |
| Garage spaces | 0 |
| Parking spaces | 2 |
| Parking | Paved Drive, Off Street, On Street, Paved |
| Basement | Full, Walk-Out Access, Interior Entry, Bulkhead, Unfinished |
| Foundation | Stone, Brick/Mortar, Irregular |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Tile, Hardwood |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Range, Refrigerator |
Location
More about investing in Salem →
Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 53 Cedar Street, Salem MA 01970 have?
It is a 2-unit multi-family property with 2,247 sqft of living area, built in 1915.
How long has 53 Cedar Street, Salem MA 01970 been on the market?
53 Cedar Street, Salem MA 01970 has been listed for 0 days (since August 14, 2026).
What is the price per unit?
At a list price of $799,000 across 2 units, that works out to roughly $399,500 per unit.
What are the property taxes on 53 Cedar Street, Salem MA 01970?
Annual property taxes are $7,052 (2026), on an assessed value of $654.
What is the price per square foot?
At $799,000 for 2,247 sqft, that's about $356 per square foot.
Is there parking?
2 total parking spaces (paved drive, off street, on street, paved).
Where is this property located?
53 Cedar Street, Salem MA 01970 is in Salem, Essex County, MA 01970.
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