Condominium at 49 Federal St # 3, Salem MA 01970
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$2,900

49 Federal St # 3, Salem MA 01970
Salem, MA 01970
Listed by Chris McNamara
Bedrooms
1
Bathrooms
1.5
Living area
913 sqft
Year built
2022

About this home

A rare opportunity to enjoy the best of downtown Salem living! Tucked just off the main drag, this impeccably renovated 1-bedroom, 1.5-bath townhouse-style residence offers an exceptional combination of historic charm, modern luxury, and peaceful privacy—all just one block from the commuter rail and steps from Salem's vibrant restaurants, cafés, boutiques, and waterfront. Part of a historic building total redevelopment, this sun-drenched home showcases beautifully preserved wide-plank pine floors, high ceilings, rich architectural details, and designer finishes throughout. The elegant kitchen features custom cabinetry, stone countertops, and stainless steel appliances, while the living and dining spaces offer warmth and character. Upstairs, the top-floor bedroom is highlighted by cathedral ceilings, exposed wood beams, an en-suite bath, and a convenient office nook. Central air provides year-round comfort, while a gorgeous rooftop deck overlooking downtown offers lovely private outdoor space. A special home in a location that offers it all—the energy and convenience of downtown, with a welcome sense of quiet when you return home.

Property details

MLS
MLS Property Information Network
MLS #
73594069
Property type
Condominium
Subdivision
N/A
Status
Active
Days on market
6
On market date
October 22, 2026
Stories
N/A
Total bathrooms
1.5
Garage spaces
N/A
Parking spaces
N/A
Lot size
3,441 sqft
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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.

Elementary
Saltonstall School
0.71 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
0.69 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
High
New Liberty Innovation School
0.23 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
54
Student:teacher ratio
13.5:1
District
Salem

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).

93
Highly walkable
out of 100
EPA National Walkability Index
17.5 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores15
Parks20
Schools20
Transit stops20
Pharmacies6

Market position

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

On the market 6 days -- 100 fewer days than Salem's current average of 106 days.
For reference, the median list price across 403 active listings in Salem right now is $439,000.

Mortgage calculator

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

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Est. monthly payment
$167/mo
$580 down
$2,320 loan
Principal & interest$15
Property tax (est.)$2
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 3 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.