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5 Herbert St Salem, MA 01970

For Sale
$850,000

Three-unit apartment building in prime location near train and downtown.

Lot size:
0.04 Acres

Property Features for 5 Herbert St

General Information

Lot size
0.04 Acres

Building Details

Year built
1864

Source: J. Barrett & Company Agent Tina McManus

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Well-Maintained Three-Unit Apartment Building

This well-maintained three-unit apartment building presents a solid investment opportunity in a desirable location. The property features three one-bedroom, one-bath apartments, each including a living room and kitchen. A coin-operated washer and dryer are located in the basement. Individual forced hot water gas heating units were installed approximately 4 years ago. Tandem parking is available for two cars, with additional on-street permit parking. Newer carpets have been installed, and some windows and skylights on the third floor have been replaced. The property is located moments from the train, the wharf, Salem Common, the museum, and downtown shops and restaurants, making it highly desirable for renters. The closing date must be after January 1, 2026.
Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Salem
County
Essex
State
Massachusetts
Longitude
-70.888989
Latitude
42.5222558

FAQs

What type of property is this?
Triplex - Three-unit apartment building in prime location near train and downtown.
Where is this triplex located?
The property is located at 5 Herbert St Salem, MA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: - Prime location: Moments from train, wharf, Salem Common, museum, downtown shops and restaurants.; - Well-maintained 3-unit apartment building.; - Individual FHW gas heating units (installed approximately 4 years ago).
More about this property
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