Active
45 Days on market
5 Chandler Rd Salem — Photo 1 of 42

5 Chandler Rd Salem — Photo 1 of 42

Recent Drop: $14,100

$689,000
$674,900

$674,900

Investment Analysis — 5 Chandler Rd

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 3.28% cap rate and $22,148/yr in estimated NOI at the $674,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1.5

SqFt

2,049

Style

Single Family

Built

1953

BACK ON THE MARKET DUE TO BUYER FINANCING! Welcome to this beautifully updated classic New England Cape, ideally located just steps from Vinnin Square in historic Salem, Massachusetts. Blending timeless charm with thoughtful modern updates, this home is truly move-in ready. Step inside to gleaming hardwood floors and a warm, inviting living room centered around a cozy wood-burning fireplace. The main level also features a spacious dining room, an updated open-concept kitchen, and a conveniently located first-floor bedroom. Just off the kitchen, the updated three-season room provides the perfect space to relax, entertain, or enjoy your morning coffee. Upstairs, you'll find two generously sized bedrooms and a full bathroom.The finished lower level adds even more living and entertaining space, complete with a wet bar, perfect for game days, movie nights, or hosting friends and family. Recent improvements include an updated kitchen and bathrooms, a new furnace and water heater, a new patio, and more.Outside, enjoy a fenced-in backyard with a new patio, offering a great setting for summer cookouts and outdoor entertaining. A detached garage provides additional parking and storage.Conveniently located just minutes from the beach, golf course, commuter rail, shopping, dining, and all the history and excitement of downtown Salem, this home offers the perfect combination of character, updates, and location. A must-see Salem home! Open House Saturday 9/26 10-12PM

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,049 sq ft principal dwelling). Lot size: 5,990 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

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.

Open Houses

Property Details

Financials

Original Price$689,000
Annual Taxes$5,942

Parking

Garage1
Off-Street4

Interior Specifications

Total Rooms6
Fireplaces1
FlooringWood, Tile, Vinyl
BasementPartially Finished, Bulkhead

Climate & Utilities

HeatingBaseboard, Oil
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR1

Property & Lot

Acres0.14
SqFt Lot5,990
Lot FeaturesLevel

Amenities & Appliances

Water Heater • Electric Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Golf • T-Station

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bathroom 2
First
Living RoomDining RoomKitchenBedroom 3Bathroom 1
Living Room
Lvl First

18 x 13

Flooring - Hardwood

Dining Room
Lvl First

15 x 13

Flooring - Hardwood

Kitchen
Lvl First

13 x 12

Flooring - Vinyl

Primary Bedroom
Lvl Second

16 x 13

Closet, Flooring - Hardwood

Bedroom 2
Lvl Second

16 x 12

Bedroom 3
Lvl First

12 x 11

Closet, Flooring - Hardwood

Bathroom 1
Lvl First

Bathroom - Half

Bathroom 2
Lvl Second

Bathroom - Full

Property History

Price Drop
$674,900

Was $689,000

Sep 21, 2026

MLS® 73562543

Listed
$689,000

Aug 12, 2026

MLS® 73562543

Listing Provided By

Listing Agent: Kendall Reyes

Listing Office: Keller Williams Gateway Realty

MLS® Number: 73562543