Active
29 Days on market
53 Cedar Street Salem — Photo 1 of 26

53 Cedar Street Salem — Photo 1 of 26

$799,000

53 Cedar Street, Salem, MA 01970

Salem, MA 01970 — South Salem

Beds

4

Baths

2

SqFt

2,247

Style

2 Family - 2 Units Up/Down

Built

1915

Constructed in 1915, this distinguished multi-family residence at 53 Cedar Street in Salem, MA, offers 2,247 square feet of refined living space. This property stands as a testament to enduring craftsmanship, presenting an exceptional opportunity for discerning buyers in a vibrant historical setting. The residence encompasses four well-proportioned bedrooms, providing ample private accommodations across its two stories. Complementing these are two full bathrooms, thoughtfully designed to cater to the needs of residents and guests alike. Situated on a generous 4,225 square foot lot, this property offers both expansive interior living and considerable outdoor potential. We invite you to discover the unique appeal and versatility of this Salem offering. Well maintained two family building with paved driveway and private back yard and patio. Two units each with 5 rooms, 2 bedrooms and 1 bath. Hardwood floors add value as well as overall maintenance of this property. Great central location and offers many possibilities for Salem State students as well as professionals. Unfinished third floor which is accessible from second floor unit offers bonus heated space although currently not in use. First floor has exclusive use to enclosed front porch and second floor has exclusive use to enclosed second floor porch.

Immersive Experience

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$356/sqft
Local Avg (Salem)$385/sqft
8% BelowMarket Average

* Analysis is based on 20 actively listed and recently sold comparable properties strictly within Salem, MA.

Property Details

Financials

Original Price$799,000
Annual Taxes$7,052.27

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms10
FireplacesNone
FlooringTile, Hardwood
BasementFull, Walk-Out Access, Interior Entry, Bulkhead, Unfinished

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone, Brick/Mortar, Irregular
ZoningR2

Property & Lot

Acres0.09
SqFt Lot4,225
Lot FeaturesCorner Lot, Level

Amenities & Appliances

Range • Refrigerator

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Population

44,738

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$85K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

50.4%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

992 housing units permitted in the last 12 months (-15% vs the prior 12 months) — 515 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Lynne Breed

Listing Office: Sagan Harborside Sotheby's International Realty

MLS® Number: 73563991

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