Seller's Agent in 2026
Tina McManus
J. Barrett & Company
(978) 473-2154
1 in this area
11 Total Sales
5 Herbert St Salem, MA 01970
Derby Street Neighborhood
2
Beds
2
Baths
1,786
Sq Ft
1,851
Sq Ft Lot
Highlights
- Marina
- Property is near public transit and schools
- Tandem Parking
- Medical Services
- Jogging Path
- 3-minute walk to Derby Garden
About This Home
As of June 2026EASY TO OWN - Well-Maintained 2-Unit Apartment Building in a Prime Location. An investment opportunity in an area tenants love. This well-kept 2-unit property features two one-bedroom apartments and additional finished attic space. Just moments from the train, Derby Wharf, Salem Common, Peabody-Essex Museum, and downtown shops and restaurants, making it highly desirable for renters. Property Features: Coin-op laundry in the basement, individual FHW gas heating units (installed within the last 5 years), tandem parking for 2 cars, plus on-street permit parking, newer carpets, and replacement of some windows, skylights, and a Juliet balcony on the third floor. FOR THE SMART BUYER looking to invest in a property with strong rental appeal and long-term potential. Showings by appointment only, beginning on Saturday 1pm-3pm. Please allow 48 hours for responses to Offers. Seller reserves the right to accept an Offer at any time.
Last Buyer's Agent
Larissa Nadworny
Charlesgate Realty Group LLC
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,406
Year Built
- Built in 1864
Lot Details
- 1,851 Sq Ft Lot
- Level Lot
Home Design
- Stone Foundation
- Shingle Roof
Interior Spaces
- 1,786 Sq Ft Home
- Property has 1 Level
- Living Room
- Range
Flooring
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
- Bathtub with Shower
Laundry
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 2 Car Parking Spaces
- Tandem Parking
- On-Street Parking
- 2 Open Parking Spaces
- Off-Street Parking
Location
- Property is near public transit and schools
Utilities
- No Cooling
- 3 Heating Zones
- Heating System Uses Natural Gas
- Individual Controls for Heating
- Baseboard Heating
- Separate Meters
Listing and Financial Details
- Total Actual Rent $3,370
- Rent includes unit 1(electric water), unit 2(water)
- Tax Lot 0317
- Assessor Parcel Number M:35 L:0317,2136721
Community Details
Overview
- 2 Units
- Near Conservation Area
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Marina
- Park
- Jogging Path
- Bike Trail
Building Details
- Electric Expense $423
- Insurance Expense $2,561
- Water Sewer Expense $560
- Operating Expense $4,468
- Net Operating Income $35,972
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 06/01/2026 06/01/26 | Sold | $635,000 | +1.6% | $356 / Sq Ft |
| 04/27/2026 04/27/26 | Pending | -- | -- | -- |
| 04/23/2026 04/23/26 | For Sale | $625,000 | -- | $350 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Agents Affiliated with this Home
-
Tina McManus
-
L
Buyer's Agent in 2026
Larissa Nadworny
Charlesgate Realty Group LLC
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73506256
APN: SALE-000035-000000-000317
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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