EASY 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.
- Heating System:
- Unit Control, Individual, None, Baseboard, Natural Gas
- Cooling System:
- No
- Basement:
- Full, Interior Entry, Unfinished, Concrete
- Parking:
- Tandem, Off Street, On Street
- Appliances:
- Range, Refrigerator, Washer, Dryer
- Flooring:
- Vinyl, Laminate, Carpet
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure:
- Seller requests closing date to be not before June 10
- Electric Feature:
- Circuit Breakers, Individually Metered
- Garage Parking
- Interior Features:
- Kitchen, Bathroom With Tub & Shower, Living Room, Laundry Room
- Lead Paint:
- Unknown
- Road Type:
- Paved
- Rent Fee Includes:
- Unit 2(water), Water), Unit 1(electric
- Parking Spaces:
- 2
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $350
- Zoning:
- R2
- No Units:
- 2
- Orig Price:
- $625,000
- LEASE:
- No
- Waterfront:
- No
- MlsStatus:
- New
- City:
- Salem
- State:
- MA
- County:
- Essex
- Postal Code:
- 01970
- Longitude:
- W71° 6' 39.7''
- Latitude:
- N42° 31' 20.1''
Residential Income
5 Herbert St, Salem, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $625,000
- Bedrooms :
- 2
- Rooms :
- 6
- Total Bathrooms :
- 2
- Full Bathrooms :
- 2
- Square Footage :
- 1,786 Sqft
- Year Built :
- 1864
- Lot Area :
- 0.04 Acre
- Listing ID :
- 73506256
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
