About this home
Location and value! Conveniently situated between downtown Salem and Salem State University, this updated two-family offers a strong rental history and a truly turn-key opportunity for an investor or owner-occupant. The first floor features a one-bedroom, one-bath unit, while the upper unit spans two levels with four bedrooms, two baths, and a vaulted bonus room. Unit 2 is now vacant and most recently rented for $4,000/month. A long list of upgrades, separate utilities, one-car garage, driveway, and low-maintenance patio add to the appeal. Enjoy easy access to downtown Salem’s shops, restaurants, commuter rail, and ferry to Boston, and don’t miss the small neighborhood beach at the end of the street!
Listing last checked: Listing updated:
Listed by Strobeck Antonell Bull Group · Compass · MLS #73578416
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Details at a glance
Interior2 property facts
- Rooms
- 12
- Basement
- Yes · Unfinished
Building6 property facts
- Style
- 2 Family - 2 Units Up/Down
- Year built
- 1890
- Garage
- 1
- Parking
- 4
- Foundation
- Stone, Brick/Mortar
- Roof
- Shingle
Land & utilities5 property facts
- Lot size
- 0.06 acres
- Water
- Public
- Sewer
- Public Sewer
- Pool
- Not reported
- Zoning
- R1
Financial2 property facts
- Annual taxes
- $7,309
- Assessment year
- 2026
Location
Estimated monthly cost
Explore costs at the $845,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$4,882 / monthAdjust
- Principal & interest
- $4,273
- Property tax
- $609
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $7,309. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
More property insights
Automated value estimate $893,476
Estimated range $863,238–$923,713.
Automated estimates are not appraisals or guarantees of market value.
Request a professional market analysisPhoto-based condition insights
Overall presentation: average
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About 5 Willow Ave
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