CCertihomes
5 Buffum St, Salem, MA 01970

$769,900

7 beds 2 baths 3,360 sqft Built 19158 days on marketActive

About this home

This new listing is a spacious two-unit multifamily property situated conveniently within walking distance to downtown Salem. The first unit features two bedrooms and a screen porch, perfect for enjoying the outdoors. The second and third floors house a generous five-bedroom unit with the potential for expansion, making it a versatile space for the new owner. With its prime location near restaurants, museums, and the commuter rail, this property boasts great bones and is just waiting for a new owner to make it their own. Much original woodwork, high ceilings, newer replacement windows, two fireplaces, double parlors in both units and updated heating systems.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.2% APR.

Your estimated payment
$6,972/mo

Real estate (PITI + HOA + PMI)
$6,762
Principal + interest$4,965
Property tax + insurance$1,508
PMI / 2nd mortgage$289
Utilities
$533
Heating + cooling$105
Internet + TV + phone$157
Water + sewer + garbage$58
Transportation
$129
Car insurance + maintenance$129
Other (entertainment)
$157
$6,972/mo TLC
Budget$7,472/mo
Remaining after TLC$500/mo
Purchase price
$769,900
Down payment
$38,495 (5%)
Loan amount
$731,405
APR
7.2%

Quick facts

Type
Multi Family
Style
Year built
1915
Lot size
0.07 ac
Stories
3
Heating
Steam
Cooling
None
Water
Public
HOA
Annual tax
$8,174
MLS #
73236992
County
Essex

At a glance

Fireplace
Basement

Home features

Appliances
RangeRefrigeratorWasherDryer
Interior
PantryBathroom With Tub & ShowerCeiling Fan(s)Living RoomDining RoomKitchenFamily Room
Parking
Paved DriveOff StreetTandem
Fireplace
Wood Burning
Flooring
Wood, Hardwood
Roof
Shingle
Sewer
Public Sewer

Lot features

Easements

Schools

High
Salem

Neighborhood — 01970

MetricThis ZIPCountyUSA
Population39,2106,444,931299,088,112
Population Change Since199012.00%7.00%20.00%
Population Density4,803786
Male18,2943,127,134147,432,321
Female20,9163,317,797151,655,844
Never Married11,7661,612,88563,775,926
Married13,4262,586,314123,120,365
Separated1,771247,85712,639,686
Widowed2,455363,59415,467,586
Divorced3,344436,88823,075,029
Number Of House Hold17,1122,431,591111,826,380
Average House Hold Size2.232.562.60
Medial Age36.0437.2535.46
Median House Hold Income$50,078$57,698$48,276
Average House Hold Income$61,376$75,023$63,629
P C I$28,089$29,196$24,529
M D I$42,238$48,105$41,133
A T H E$50,149$57,083$50,898
S T R5.00%5.00%
W C J83.24%81.38%77.74%
(Zip) Code
1970

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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MLSPIN

Listing information last refreshed 5/13/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.