BMN Boston

Get our mobile app!

Download on the App Store

7 Forrester St, Salem MA 01970

Salem, MA 01970 • Downtown
$1,260,000
Est. $7,716/month
6
Beds
3
Baths
3,748
Sq Ft
$336
Price/Sq Ft
0.11
Acres
1886
Year Built
49
Days on Market
Pending Price Drop -$15,000 Listed Dec 11, 2025 • MLS# 73461588 Copied!

About this home

Discover the perfect blend of historic Salem charm and modern convenience in this beautifully maintained 3-family home just steps from Salem Common. Each spacious unit offers 2 bedrooms, high 9-foot ceilings, and an abundance of natural light that highlights the home’s character—including oak and pine flooring, detailed mouldings, and two bay windows in both Units 1 and 2. The first and second floors also feature fireplaces (condition unknown), adding architectural appeal and potential for restoration. All three units have updated kitchens and baths, offering a move-in-ready experience for occupants or a low-maintenance opportunity for investors. Outside, enjoy a nice yard perfect for gardening, relaxation, or tenant use, along with off-street parking for two cars in the private driveway—an invaluable benefit in this desirable Salem neighborhood. Located close to the commuter rail & downtown.

View in the App

Save this property, schedule tours instantly, and get alerts when the price drops

Scan to download BMN Boston app Scan with phone
Get the full experience in the BMN Boston app

Property Overview

Property Type
3 Family
Listing Type
For Sale
Year Built
1886
Bedrooms
6
Full Bathrooms
3
Living Area
3,748 sq ft
Total Rooms
16
Stories
3
Levels
3

Facts & Features

Home Facts

Type Residential Income
Style 3 Family
Year Built 1886
Living Area 3,748 sq ft
Lot Size 0.11 acres
Bedrooms 6
Full Baths 3
Total Rooms 16

Interior

Heating Electric, Natural Gas, Baseboard
Cooling None
Flooring Wood, Hardwood, Pine
Appliances Range, Refrigerator, Dishwasher
Fireplace None
Fireplaces 2
Basement Full, Sump Pump, Concrete
Laundry Electric Dryer Hookup, Washer Hookup
Features Laundry Room, Living Room, Dining Room, Kitchen

Exterior

Construction Frame
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Paved Drive, Off Street, Paved
Total Spaces 2

Utilities

Electric Circuit Breakers, Individually Metered
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Dryer, Washer Hookup

Financial

Annual Tax $13,740
Assessed Value $1,211,600

Interior Features

Flooring: Wood, Hardwood, Pine
Appliances: Range, Refrigerator, Dishwasher
Interior Features: Laundry Room, Living Room, Dining Room, Kitchen
Windows:
Basement: Full, Sump Pump, Concrete
Laundry: Electric Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 1886
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Stone, Brick/Mortar
Stories: 3

Heating, Cooling & Utilities

Heating: Electric, Natural Gas, Baseboard
Cooling:
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 2
Parking Features: Paved Drive, Off Street, Paved

Special Features

Fireplaces: 2
Fireplace Type:
Community Amenities: Public Transportation, Shopping, Walk/Jog Trails, Bike Path, T-Station

Location

Loading map...

Neighborhood

Downtown

7 Forrester St, Salem MA 01970

Salem, MA 01970

Walkability

Loading Walk Score...

Nearby Schools

School District
Salem School District local
B-
School Safety 2024-25
3.6% Above Average
2.3% Suspensions 0.8% In-School 1.3% Emergency
1.9% below state avg
E

Elementary Schools

9 schools
The Phoenix School
1.2 mi
Grades PK-08
The Greenhouse School
1.9 mi
Grades PK-08
C+
Bentley Academy Innovation School
0.5 mi | #568 of 824 | Score: 42.3
Improved 143 spots from last year
-16 below state avg
286 students Moderate
Rising School
Grades PK-05
Salem Early Childhood School
0.5 mi
106 students Diverse
Diverse Student Body
Grades PK
B-
Carlton School
0.6 mi | #468 of 824 | Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students Diverse
Grades K-05
B-
Saltonstall School
0.8 mi | #460 of 824 | Score: 45.8
Improved 108 spots from last year
-12.4 below state avg
412 students Diverse
Rising School
Grades K-05
B+
Bates School
1.2 mi | #325 of 824 | Score: 50.0
Improved 254 spots from last year
-8.2 below state avg
410 students Diverse
Rising School Diverse Student Body
Grades PK-05
C-
Horace Mann Laboratory School
1.6 mi | #671 of 824 | Score: 37.4
Improved 50 spots from last year
-20.8 below state avg
293 students Diverse
Rising School Diverse Student Body
Grades PK-05
B
Witchcraft Heights School
1.8 mi | #388 of 824 | Score: 48.1
Improved 162 spots from last year
-10.1 below state avg
455 students Diverse
Rising School Diverse Student Body
Grades K-05
M

Middle Schools

1 school
C+
Collins Middle School
1.1 mi | #219 of 352 | Score: 39.5
Improved 60 spots from last year
-18.7 below state avg
611 students Diverse
Rising School Diverse Student Body
Grades 06-08
H

High Schools

2 schools
B+
Salem Academy Charter School
0.5 mi | #139 of 346 | Score: 56.7
Improved 97 spots from last year
-1.5 below state avg
480 students Diverse
10 sports • 568 athletes
High Graduation Rate Rising School College Ready Curriculum
Grades 06-12
B
Salem High School
1.7 mi | #144 of 346 | Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 students Diverse
18 sports • 1,080 athletes
Early College Program Career Tech Programs College Ready Curriculum Strong Athletics
Grades 09-12
Learn about these ratings

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $1,145
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

1
Price Changes
1.2%
Price Range

Property Timeline

Pending Sale
Jan 30, 2026
Offer accepted, sale pending
Price Reduced
Jan 29, 2026
$1,260,000 $15,000 (-1.18%)
From $1,275,000 to $1,260,000 (-1.2%)
👁️
Showing Instructions Updated
Dec 13, 2025
New showing requirements
👁️
Showing Instructions Updated
Dec 11, 2025
New showing requirements
🏠
Listed for Sale
Dec 11, 2025
$1,275,000
Original listing
Agent: Armstrong Field Team Office: Aluxety
🏠
Listed for Sale
Dec 11, 2025
$1,275,000
Original listing
Agent: Armstrong Field Team Office: Aluxety

Price & Status History

Date Event Price Change
Jan 29, 2026 Price Changed $1,260,000 -$15,000
Dec 11, 2025 New Listing Added $1,275,000
Dec 11, 2025 New Listing Added $1,275,000

Market Statistics

Days on Market
49 days
Price per Sq Ft
$336
Total Price Drop
-$15,000

Tax History

Year Taxes Assessment
2025 $13,740 $1,211,600

Financial Details

Annual Property Tax
$13,740
Tax Year 2025
Assessed Value
$1,211,600

Listing Information

Listing Agent Armstrong Field Team
Listing Office Aluxety
Agent MLS ID TEAM0455
Office MLS ID AN8387
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Comparable Properties

Customize Comparable Search

Finding comparable properties...

Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

7 Forrester St, Salem MA 01970 - Photo 1 7 Forrester St, Salem MA 01970 - Photo 2 7 Forrester St, Salem MA 01970 - Photo 3 7 Forrester St, Salem MA 01970 - Photo 4 7 Forrester St, Salem MA 01970 - Photo 5 7 Forrester St, Salem MA 01970 - Photo 6 7 Forrester St, Salem MA 01970 - Photo 7 7 Forrester St, Salem MA 01970 - Photo 8 7 Forrester St, Salem MA 01970 - Photo 9 7 Forrester St, Salem MA 01970 - Photo 10 7 Forrester St, Salem MA 01970 - Photo 11 7 Forrester St, Salem MA 01970 - Photo 12 7 Forrester St, Salem MA 01970 - Photo 13 7 Forrester St, Salem MA 01970 - Photo 14 7 Forrester St, Salem MA 01970 - Photo 15 7 Forrester St, Salem MA 01970 - Photo 16 7 Forrester St, Salem MA 01970 - Photo 17 7 Forrester St, Salem MA 01970 - Photo 18 7 Forrester St, Salem MA 01970 - Photo 19 7 Forrester St, Salem MA 01970 - Photo 20 7 Forrester St, Salem MA 01970 - Photo 21 7 Forrester St, Salem MA 01970 - Photo 22 7 Forrester St, Salem MA 01970 - Photo 23 7 Forrester St, Salem MA 01970 - Photo 24 7 Forrester St, Salem MA 01970 - Photo 25 7 Forrester St, Salem MA 01970 - Photo 26 7 Forrester St, Salem MA 01970 - Photo 27 7 Forrester St, Salem MA 01970 - Photo 28 7 Forrester St, Salem MA 01970 - Photo 29 7 Forrester St, Salem MA 01970 - Photo 30 7 Forrester St, Salem MA 01970 - Photo 31 7 Forrester St, Salem MA 01970 - Photo 32 7 Forrester St, Salem MA 01970 - Photo 33 7 Forrester St, Salem MA 01970 - Photo 34 7 Forrester St, Salem MA 01970 - Photo 35 7 Forrester St, Salem MA 01970 - Photo 36 7 Forrester St, Salem MA 01970 - Photo 37 7 Forrester St, Salem MA 01970 - Photo 38 7 Forrester St, Salem MA 01970 - Photo 39 7 Forrester St, Salem MA 01970 - Photo 40 7 Forrester St, Salem MA 01970 - Photo 41
Steven Novak

Steven Novak

BMN Boston Real Estate

Schedule a Tour