MLS #73563991 image #0
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.
Current real estate data for Multi Family in Salem as of Oct 12, 2026
20
Multi Family Listed
129
Avg DOM
320
Avg $ / SqFt
$1,406,585
Avg List Price

Property Details

Price:
$799,000
MLS #:
73563991
Status:
Active
Beds:
4
Baths:
2
Type:
Multi Family
Subtype:
2 Family – 2 Units Up/Down
Neighborhood:
southsalem
Listed Date:
Aug 14, 2026
Finished Sq Ft:
2,247
Total Sq Ft:
2,247
Lot Size:
4,225 sqft / 0.09 acres (approx)
Year Built:
1915
Units:
2
TennisCommunity PoolSouth SalemSouthsalemSalemSalemSalem

Schools

Elementary School:
Salem
Middle School:
Salem
High School:
Salem

Interior

Above Grade Finished Area
2247
Appliances
Range, Refrigerator
Bathrooms
2 Full Bathrooms
Flooring
Tile, Hardwood
Interior Features
Living Room, Dining Room, Kitchen
Levels
2

Exterior

Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University, Sidewalks
Construction Materials
Frame
Exterior Features
Rain Gutters, Garden
Fencing
Fenced/Enclosed, Fenced
Green Energy Efficient
Varies per Unit
Lot Features
Corner Lot, Level
Open Parking Spaces
2
Open Parking YN
1
Parking Features
Paved Drive, Off Street, On Street, Paved
Parking Spots
2
Parking Total
2
Patio And Porch Features
Enclosed, Patio
Roof
Shingle
Stories
2
Waterfront Features
Bay, Harbor, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
Window Features
Storm Window(s), Screens

Financial

Net Operating Income
$42,600
Tax Year
2026
Taxes
$7,052

Map

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Property Summary

    53 Cedar Street Salem MA is a Multi Family for sale in Salem, MA, 01970. It is listed for $799,000 To schedule a showing of MLS#73563991 at 53 Cedar Street in Salem, MA, contact your Boardwalk Real Estate Corp. agent at 781-944-7820.

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CRP: Certified Relocation Professional
CRS: Certified Residential Specialist
GRI: Graduate of Realtors Institute
CBR: Certified Buyers Representative
BSBA: Bachelor of Science in Business Administration. Babson College 1979
MBA: Master of Business Administration. Babson College 2002

James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…

More About James
53 Cedar Street
Salem, MA