Historic 2-Unit Townhouse
5 Daniels St Salem, MA 01970
New
5 Daniels St, Salem, MA, 01970
$949,900
For Sale
$949,900
MULTI_FAMILY - Salem, MA
Property Size2,496 SF
Lot Size0.08 Acres
Price / SF$380.57
Days on Market2
Property Features for 5 Daniels St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 4, Bedroom 1, Bathroom 3, Bathroom 2
- 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 Checked: Jul 21 at 7:06PM
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.
Historic Salem Antique 2-family duplex built in 1805. The property consists of two townhouses, each offering a living room, a new kitchen, two bedrooms, and one and a half baths. Interior features include hardwood floors and fireplaces, along with laundry facilities within each unit. Additional improvements referenced include replacement windows, insulation, two new electric panels, two gas water heaters, two gas-fired boilers, and a brand new roof. The home also includes a large dry basement and a private patio.
The property includes a two-car garage and driveway. The owner will convey the building empty.
Each unit’s layout is townhome-style, supporting independent living while maintaining a duplex configuration with basement storage and overall building systems that have been recently updated per the seller’s remarks.
The property includes a two-car garage and driveway. The owner will convey the building empty.
Each unit’s layout is townhome-style, supporting independent living while maintaining a duplex configuration with basement storage and overall building systems that have been recently updated per the seller’s remarks.
Key Highlights
- Historic 2‑family built in 1805 for Edmund Stanley, the first Captain of the Friendship
- Each townhouse features a living room, new kitchen, 2 bedrooms, and 1.5 baths
- Multiple fireplaces, hardwood floors, laundry space, and replacement windows in both units
Local 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
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two townhouses feature hardwood floors, fireplaces, updated kitchens, and 1½ baths each, plus shared laundry and 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, the first Captain of the Friendship; Each townhouse features a living room, new kitchen, 2 bedrooms, and 1.5 baths; Multiple fireplaces, hardwood floors, laundry space, and replacement windows in both units
