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5 Bradford Street #1 Salem — Photo 1 of 39

5 Bradford Street #1 Salem — Photo 1 of 39

Recent Drop: $24,100

$699,000
$674,900

$674,900

Investment Analysis — 5 Bradford Street #1

Salem, MA 01970

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01970 carries an estimated $3,080/mo in gross rent — about a 2.50% cap rate and $16,888/yr in estimated NOI at the $674,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2.5

SqFt

1,838

Style

Condominium

Built

1915

Located on a quiet tree-lined street, this updated 3-bedroom, 2.5-bath home offers the space and privacy of single-family living with the convenience of a two-unit association—all within walking distance to downtown Salem and the Commuter Rail. Rich in character and charm, the home features a brand-new designer kitchen, all new Andersen windows, original hardwood floors, and crown molding aligned with Salem’s historic architectural details. Enter through the original oval-glass door into a private foyer with built-ins, then through glass French doors into a bright living room. The main level includes a new half bath with reclaimed hardwood flooring. The dining room retains its original built-in china cabinet and flows into the new kitchen, featuring reclaimed hardwood floors, custom tile backsplash, floating shelves, dual pantries with pull-outs, and a dedicated coffee station. Directly off the kitchen, enjoy your private deck and yard space—ideal for pets. Upstairs, the second floor offers two bedrooms, including a primary suite with a new en-suite bath featuring a custom walk-in shower, plus a second full bath with tub. The third floor provides a versatile additional bedroom perfect for an office or media room. Additional updates include high-efficiency multi-zone mini-splits, new water heater, new front porch and porch roof, brand new electric panel and service upgrade, a 2017 main water line replacement, and Ring doorbell with rear flood camera. The original slate roof has been professionally maintained and is expected to last another 40+ years with routine care. Association-contracted snow removal right to your front door makes winters worry-free. Welcome home to Salem (boo!).

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Immersive Experience

Property Details

Financials

Original Price$699,000
Annual Taxes$6,402
HOA Fee$400

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms6
FireplacesNone
FlooringTile, Carpet, Hardwood
BasementY

Climate & Utilities

HeatingBaseboard, Natural Gas
CoolingCentral Air, Heat Pump
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle, Slate
Foundation--
ZoningB1

Property & Lot

Acres0.13
SqFt Lot5,650
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator • Range Hood • Oven

Neighborhood

Public Transportation • Shopping • Park • Medical Facility • Highway Access • Public School

Geography

Floorplan Breakdown

Structural Layout

Third
Bedroom 3
Second
Primary BedroomBedroom 2Bathroom 2Bathroom 3
Main,First
Living RoomDining RoomKitchenBathroom 1
Living Room
Lvl Main,First

12 x 14.25

Flooring - Hardwood, French Doors, Lighting - Overhead, Crown Molding

Dining Room
Lvl Main,First

14 x 12.166666666

Closet/Cabinets - Custom Built, Flooring - Hardwood, French Doors, Lighting - Pendant, Crown Molding

Kitchen
Lvl Main,First

18 x 11

Flooring - Hardwood, Pantry, Countertops - Stone/Granite/Solid, Recessed Lighting, Stainless Steel Appliances, Gas Stove, Peninsula, Lighting - Pendant, Crown Molding

Primary Bedroom
Lvl Second

12 x 21.5

Bathroom - Full, Closet, Lighting - Overhead, Crown Molding, Closet - Double

Bedroom 2
Lvl Second

12 x 12.083333333

Bedroom 3
Lvl Third

14.583333333 x 30.333333333

Ceiling Fan(s), Closet, Flooring - Wall to Wall Carpet, Recessed Lighting, Lighting - Overhead, Window Seat

Bathroom 1
Lvl Main,First

6.166666666 x 3.5

Bathroom - Half, Closet/Cabinets - Custom Built, Flooring - Hardwood, Wainscoting, Lighting - Overhead, Crown Molding

Bathroom 2
Lvl Second

7.666666666 x 11.25

Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - With Shower Stall, Closet - Linen, Flooring - Stone/Ceramic Tile, Wainscoting, Lighting - Overhead, Crown Molding

Bathroom 3
Lvl Second

6.25 x 8.416666666

Bathroom - Full, Bathroom - With Tub & Shower, Lighting - Overhead, Crown Molding

Property History

Price Drop
$674,900

Was $699,000

Sep 29, 2026

MLS® 73571967

Listed
$699,000

Sep 4, 2026

MLS® 73571967

Listing Provided By

Listing Agent: Joanne Rodrigues

Listing Office: Redfin Corp.

MLS® Number: 73571967