Historic Two-Unit Townhome
5 Daniels St Salem, MA 01970
For Sale
$949,900
MULTI_FAMILY - Salem, MA
Property Size2,496 SF
Lot Size0.08 Acres
Price / SF$380.57
Days on Market8
Property Features for 5 Daniels St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 4, Bedroom 1
- Parking
- 4
- Fireplace
- 1
- Standard status
- Active
- APN
- M:0035 B:0381 L:0000,2138152
- Size
- 2,496 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 7516
Building Details
- Year built
- 1805
- Floors in Building
- 4
- Number of units
- 2
Listing Agency:
Tache Real Estate, Inc.
(978) 745-2004
Listed By:
Julianna Tache
(978) 745-2004
Added: Jul 20
Changed: Jul 24
Last Checked: Jul 27 at 8:06AM
MLS# 73552433
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This historic two-unit duplex consists of two townhouses, each offering a living room, new kitchen, two bedrooms, and 1.5 baths. Interiors include hardwood floors, fireplaces, and in-unit laundry. The property also has replacement windows, insulation, and a large dry basement. Recent improvements noted include a brand new roof, two new electric panels, two gas water-heaters, and two gas-fired boilers. Additional features include a two-car garage, driveway, and a private patio. The owner will convey the property empty.
The property is zoned R2. It is located at 5 Daniels St in Salem, MA 01970, in Essex County.
Each unit is configured as a townhouse-style layout and is supported by separate systems including gas-fired boilers and electric panels, with shared property amenities including the basement, garage, and patio.
The property is zoned R2. It is located at 5 Daniels St in Salem, MA 01970, in Essex County.
Each unit is configured as a townhouse-style layout and is supported by separate systems including gas-fired boilers and electric panels, with shared property amenities including the basement, garage, and patio.
Key Highlights
- Historic 2‑family built in 1805 for Edmund Stanley (first Captain of the Friendship), now split into 2 townhouses
- Each townhouse features a living room, new kitchen, 2 bedrooms, and 1 1/2 baths
- Hardwood floors and fireplaces in both townhouses
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.9k | $25.20 |
| − Vacancy | −$2.8k | −$1.13 |
| EGI | $60.1k | $24.07 |
| − OpEx | −$18.0k | −$7.22 |
| NOI | $42.0k | $16.85 |
2,496 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$600.7K
$525.6K – $700.8K
NOI $42,048 @ 7.0% cap · market cap 4.43%
Second Best
Apartment 5plus
$542.2K
$474.4K – $632.6K
NOI $37,955 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,434 @ 7.0% cap · market cap 10.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two townhouse-style units each feature new kitchens, two bedrooms, and 1.5 baths, plus a large dry basement.
Where is this duplex located?
The property is located at 5 Daniels St Salem, MA.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: Historic 2‑family built in 1805 for Edmund Stanley (first Captain of the Friendship), now split into 2 townhouses; Each townhouse features a living room, new kitchen, 2 bedrooms, and 1 1/2 baths; Hardwood floors and fireplaces in both townhouses
