David Brown
Coldwell Banker Realty - Beverly
(339) 666-1240
59 Total Sales
1 in Derby Street
$650,000 Price
5 Herbert St Salem, MA 01970
Derby Street NeighborhoodEstimated Value: $632,820
2
Beds
2
Baths
1,786
Sq Ft
$354/Sq Ft
Est. Value
Highlights
- Marina
- Property is near public transit and schools
- Tandem Parking
- Medical Services
- Jogging Path
- 3-minute walk to Salem Common
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
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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
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 23, 2026
Closed on
May 28, 2026
Sold by
Mcmanus Michael and Mcmanus Bettina S
Bought by
Seller's Agent
Tina McManus
J. Barrett & Company
Buyer's Agent
Larissa Nadworny
Charlesgate Realty Group LLC
List Price
$625,000
Sold Price
$635,000
Premium/Discount to List
$10,000
1.6%
Views
49
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,180
Avg. Annual Appreciation
-1.18%
Original Mortgage
$444,500
Outstanding Balance
$444,096
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$188,724
Purchase Details
Closed on
Feb 16, 2001
Sold by
Klotz Helen
Bought by
Lynn Comm Dev Hsg Co
Purchase Details
Closed on
Aug 11, 2000
Sold by
Dionne Philip
Bought by
Mcmanus Michael and Mcmanus Bettina S
Purchase Details
Closed on
Mar 22, 1993
Sold by
Parish David and Shawmut Mtg Company
Bought by
Quie I Corp
Purchase Details
Closed on
Dec 1, 1987
Sold by
Herbert St Rt
Bought by
5 Herbert St Rt
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Derby Street, MA
-
David Brown
-
Louise Brochu
Louise Brochu
Cameron Prestige, LLC
(603) 932-5497
80 Total Sales
1 in Derby Street
$1,150,000 Price
-
Justin Haley
Justin Haley
Responds QuicklyCompass New England, LLC
(279) 205-3046
56 Total Sales
1 in Derby Street
$434,000 Price
-
Tyson Lynch
Tyson Lynch
Responds QuicklyThe Proper Nest Real Estate
(351) 666-4531
50 Total Sales
1 in Derby Street
$710,000 Price
-
Pam McKee
Pam McKee
Responds QuicklyKeller Williams Realty Evolution
(351) 444-5743
72 Total Sales
8 in Derby Street
$235K - $435K Price Range
-
Ricardo Rodriguez
Ricardo Rodriguez
Responds QuicklyColdwell Banker Realty - Boston
(774) 806-8699
355 Total Sales
2 in Derby Street
$585K - $620K Price Range
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)
Tax 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.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,406 | $741,300 | $189,000 | $552,300 |
| 2024 | $8,075 | $694,900 | $179,600 | $515,300 |
| 2023 | $7,889 | $630,600 | $165,800 | $464,800 |
| 2022 | $7,592 | $573,000 | $160,300 | $412,700 |
| 2021 | $7,288 | $528,100 | $149,200 | $378,900 |
| 2020 | $6,822 | $472,100 | $141,000 | $331,100 |
| 2019 | $6,769 | $448,300 | $133,800 | $314,500 |
| 2018 | $6,283 | $408,500 | $127,100 | $281,400 |
| 2017 | $5,900 | $372,000 | $107,200 | $264,800 |
| 2016 | $5,752 | $367,100 | $102,300 | $264,800 |
| 2015 | $5,612 | $342,000 | $94,000 | $248,000 |
Source: Public Records
Agents Affiliated with this Home
-
Tina McManus
Seller's Agent in 2026
Tina McManus
J. Barrett & Company
(978) 473-2154
1 in this area
12 Total Sales
-
LN
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
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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