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Salem 01970 North Salem
5 Walter St.
Photo of 5 Walter St.

35

Map

Photo of 5 Walter St.
Photo of 5 Walter St.
$645,000
● House - In Contract

5 Walter St.

Salem, MA 01970
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,495 Ft²
$3,734
Est. Monthly

About This Property

Welcome home to this beautifully maintained Salem Colonial, offering 4+ bedrooms and 1.5 baths. The spacious kitchen features a brand-new stove and dishwasher, while the inviting dining room showcases custom built-ins. Beautiful hardwood floors add warmth and character throughout. Outside, enjoy a fully fenced backyard, perfect for relaxing or entertaining. Recently installed solar panels help keep energy costs in check, adding efficiency and value to this charming home. Recent updates include new gas furnace (2026) and new hot water (2025). Easy to show!
Unit Size
1,495 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$431
Property Type
House
Property Taxes
$566
HOA Dues
-
Year Built
1915

Listed By

Jenny May
J. Barrett & Company

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Cap Rate Calculator

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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 11 days ago (MLSPIN #73578618)

Price History

Date / Event Date Event Price
Sep 22, 2026 In contract -
In contract
Sep 16, 2026 Listed by J. Barrett & Company $645,000
Listed by J. Barrett & Company
Jun 18, 2018 Sold
Premium
Sold
May 8, 2018 Listed by J. Barrett & Company $420,000
Listed by J. Barrett & Company
Aug 29, 2003 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Parking Details
Parking Features: Off Street, Tandem
Open Parking Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Interior Features: Office
Appliances: Electric Water Heater, Range, Dishwasher, Refrigerator
Flooring Type: Tile, Vinyl, Hardwood, Flooring - Hardwood
Laundry Features: In Basement, Gas Dryer Hookup
Rooms: 8
Basement: Full
Exterior Details
Square Footage: 1495
Architectural Style: Colonial
Year Built Source: Public Records
Year Built: 1915
Building Area Total: 1495
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Porch, Deck
Lot Size Area: 0.06
Lot Size Units: Acres
Lot Size Acres: 0.06
Lot Size Square Feet: 2718
Water Source: Public
Financial Details
Tax Assessed Value: $630,500
Tax Annual Amount: $6,797
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1915
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 575
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,718
  • Total Building Area: 1,495
  • Gross Building Area: 2,488
  • Building Area: 1,495
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,495
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000062
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Salem School District
  • School Tax School District: SALEM SD
  • Census Tract: 204600

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:27 L:0305
  • Lot: 305
  • Municipality: SALEM
  • Latitude: 42.5279
  • Longitude: -70.8995

    Address

  • Full Address: 5 Walter St
  • Address - House Number: 5
  • Address - Street Name: Walter
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C027
  • 4-Digit Zip Code: 2518
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $631,300

    Appraisal Valuation

  • Standard Deviation: 0.1651
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 79
  • Final Value: 636,020
  • High Value: 741,049
  • Low Value: 530,991

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $543,300
  • Assessed Land Value: $183,900
  • Assessed Improvements Value: $359,400

    Sales

  • Current Sale Recording Date: Jun 18, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180618004710
  • Previous Sale Recording Date: Aug 29, 2003
  • Previous Sale Amount: $312,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About North Salem

Stats & Trends

Median Asking:

$654,450

Sale Price/ft²

$424

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1638 ft²

Average Home Age

99.7 years

Currently For Sale

22 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 160 Federal St, Salem, MA, 01970

$1,725 /mo

  • 1 Bed
  • 1 Bath
160 Federal St, Salem, MA, 01970 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 11 days ago
Data Source: MLS PIN, MLS# 73578618

Frequently Asked Questions

When was property at 5 Walter Street built and last sold?
The property at 5 Walter Street was built in 1915 and last sold on Jan 1, 1970 for $438,000.
How much is this home worth?
The estimated value of the home located at 5 Walter Street is $631,865.
What are some comparable homes to 5 Walter Street?
There are currently no comparable homes to 5 Walter Street.
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