2 Family - 2 Units Up/Down at 5 Willow Ave, Salem MA 01970, Salem
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$845,000

5 Willow Ave, Salem MA 01970
Salem, MA 01970
Listed by Strobeck Antonell Bull Group
Bedrooms
5
Bathrooms
3
Living area
2,229 sqft
Year built
1890

About this home

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!

Property details

MLS #
73578416
Property type
2 Family - 2 Units Up/Down
Subdivision
N/A
Status
Active
Days on market
22
On market date
September 16, 2026
Stories
3
Total bathrooms
3
Garage spaces
1
Parking spaces
4
Lot size
0.06 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Saltonstall School
0.25 mi away · Grades 0-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
378
Student:teacher ratio
10.5:1
District
Salem
Middle
Collins Middle
0.82 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
633
Student:teacher ratio
11.1:1
District
Salem
HighCharter
Salem Academy Charter School
0.55 mi away · Grades 6-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
495
Student:teacher ratio
10.3:1
District
Salem Academy Charter (District)

Walkability

Blended score for Salem's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

86
Highly walkable
out of 100
EPA National Walkability Index
15.2 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores11
Parks20
Schools20
Transit stops20
Pharmacies6

Market position

How this listing compares to current activity in Salem, from live MLS data.

On the market 22 days -- 73 fewer days than Salem's current average of 95 days.
For reference, the median list price across 392 active listings in Salem right now is $407,500.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$5,239/mo
$169,000 down
$676,000 loan
Principal & interest$4,385
Property tax (est.)$704
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 2 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.