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7 May St, Salem MA 01970

Salem, MA 01970
$575,000
Est. $3,680/month
2
Beds
2
Baths
2,052
Sq Ft
$280
Price/Sq Ft
0.10
Acres
1920
Year Built
16 hours 1 minute
Time on Market
Active Listed Jul 10, 2026 • MLS# 73548198 Copied! • Updated Jul 11, 2026

About this home

Contractor Dream: Take advantage of this spacious, freshly painted, sun-filled, six-bedroom, two-family, three-level home on a one-way street. Large living room, eat-in kitchen, ample bedrooms, Updated Bathroom, brand-new refrigerator, dishwasher, microwave, oven, separate door to third level, and extra storage space. Hardwood floors throughout, plenty of New windows that bring in lots of natural light, a New roof, and a beautiful, fenced shared yard for enjoyment. Potential for creating parking spaces; corner lot; close to downtown, restaurants, coffee shops, and public transportation. Property sold as is.

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Recently Sold Nearby

Property History

Property Timeline

🏠
Listed for Sale
Jul 11, 2026
$575,000
Original listing
Agent: Zahra Zoglauer Office: Coldwell Banker Realty - Boston

Tax History

Year Taxes Assessment
2025 $6,875 $637,800

Financial Details

Annual Property Tax
$6,875
Tax Year 2025
Assessed Value
$637,800

Facts & Features

Home Facts

Type Residential Income
Style 2 Family - 2 Units Up/Down
Year Built 1920
Living Area 2,052 sq ft
Lot Size 0.10 acres
Bedrooms 2
Full Baths 2
Total Rooms 11

Investment Metrics

Units 2
Unit 1 Rent $2,500/mo · N
Unit 2 Rent $2,500/mo · N
Total Monthly Rent $5,000/mo
Gross Income $60,000
Net Operating Income $60,000
Cap Rate 10.43%
Heating None
Cooling None
Flooring Hardwood
Appliances None
Fireplace None
Basement Walk-out Access, Unfinished
Laundry None
Features None
Construction None
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch Enclosed
Features On Street
Electric 110 Volts
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range

Financial

Annual Tax $6,875
Assessed Value $637,800
Fee Includes None
Amenities None
Optional Fee Includes None
Down Payment Resource Eligible
Seller Disclosures Sold As Is, The Buyer Shall Conduct Their Own Due Diligence. The Seller And The Sellers Agent Make No Representations Or Warranties Regarding The Accuracy Or Completeness Of Any Information Provided
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Other
Documents None
County Essex
Total market time (incl. prior listings) 1 days

Property Overview

Property Type
2 Family - 2 Units Up/Down
Listing Type
For Sale
Year Built
1920
Bedrooms
2
Full Bathrooms
2
Living Area
2,052 sq ft
Total Rooms
11
Stories
3
Levels
3

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring: Hardwood
Appliances:
Interior Features:
Windows: Insulated Windows
Basement: Walk-Out Access, Unfinished
Laundry:
Security:

Construction & Materials

Year Built: 1920
Structure Type:
Exterior Materials:
Roof: Shingle
Foundation: Stone
Stories: 3

Heating, Cooling & Utilities

Heating:
Heating Zones: 2
Cooling:
Hot Water: Oil, Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch: Enclosed
Fencing:
Other Structures:
Lot Features: Corner Lot, Level
Road Surface:

Parking & Garage

Parking Features: On Street

Nearby Schools

School information not available for this location.

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 $573
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.

Location

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Neighborhood

7 May St, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Zahra Zoglauer
Listing Office Coldwell Banker Realty - Boston
Office Phone 617-266-4430
Agent MLS ID CN200502
Office MLS ID AN6192
Listing Data Updated Jul 11, 2026 3:30 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

Steven Novak
Steven Novak
BMN Boston Real Estate
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Steven Novak

Steven Novak

BMN Boston Real Estate

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