$585,000
$10K PRICE DROP

Estimated payment $3,863/month

Total Views 4,229
2 Beds
2 Baths
1,644 Sq Ft
$356 Price per Sq Ft

Highlights

  • Community Stables
  • Property is near golf course, public transit, and schools
  • 1 Fireplace
  • Medical Services
  • Wood Flooring
  • 1-minute walk to Patten Park

About This Home

Nestled in Salem, this multi-level Unit at 40-42 School St offers the perfect balance of modern amenities and enduring character. This sun-filled home features an open-concept kitchen with quartz countertops, custom cabinetry, stainless steel appliances, and a spacious island ideal for entertaining. The layout flows seamlessly into a dedicated dining area and inviting living space with hardwood floors throughout. The home offers generously sized bedrooms, a stylishly updated bathroom with tiled shower, and a versatile top-floor bonus space perfect for a home office or flex use. Additional highlights include in-unit laundry, flexible floorplan, and thoughtful design throughout along with storage area in basement. Conveniently located near downtown, shops, restaurants, and major routes. Salem commuter rail station with direct access to Boston—perfect for commuters or anyone looking for convenience.—this is a turnkey opportunity you don’t want to miss.

Listing Agent

The Movement Group

Compass Listed on: 06/02/2026

Compass

Co-Listing Agent

Dante Bruzzese

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,912

Year Built

  • Built in 1880

HOA Fees

  • $192 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 1,644 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Basement

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 2 Car Parking Spaces
  • Tandem Parking
  • Off-Street Parking

Location

  • Property is near golf course, public transit, and schools

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number M:27 L:0008 S:802,5262023

Community Details

Overview

  • Association fees include water, sewer, insurance
  • 2 Units
  • 40 42 School St Condominium Community

Amenities

  • Medical Services
  • Shops

Recreation

  • Tennis Courts
  • Park
  • Community Stables
  • Jogging Path

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,912

Year Built

Built in 1880

Lot Details

3,485 Sq Ft Lot

HOA Fees

$192 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: 2/3 Family
  • Year Built: 1880
  • Entry Level: 2
  • Year Built Details: Approximate
  • MLSPIN_BEACHFRONT_FLAG: No
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Tile, Carpet, Hardwood
  • Entry Location: Unit Placement(Upper)
  • Fireplace YN: Yes
  • Fireplaces: 1
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
  • Total Bedrooms: 2
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Laundry Features: In Unit
  • Basement: Y
  • Above Grade Finished Sq Ft: 1644
  • Living Area: 1644
  • Spa YN: No
  • Stories Total: 2
  • MAIN LO: AN2383

Exterior Features

  • Home Warranty YN: No
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking Spaces: 2
  • Parking Features: Off Street, Tandem
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 192
  • Association Fee Frequency: Monthly
  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, House of Worship, Public School, T-Station, University
  • Senior Community YN: No
  • MANAGEMENT: Owner Association

Fee Information

  • Association Fee Includes: Water, Sewer, Insurance

Lot Info

  • Parcel Number: M:27 L:0008 S:802,5262023
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.08
  • Lot Size Sq Ft: 3690
  • Lot Size Units: Acres
  • OUTDOOR SPACE AVAILABLE: No

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Tax Year: 2026
  • Tax Annual Amount: 5911.75

Multi Family

  • Number Of Units Total: 2
  • Basement Included Sq Ft: No

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/09/2026 07/09/26 Price Changed $585,000 -1.7% $356 / Sq Ft
06/02/2026 06/02/26 For Sale $595,000 -- $362 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73528008

MLS Property Information Network (MLS PIN)
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