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$625,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 2 Units
  • 2 Total Beds
  • 0.04 Acres
  • Updated 2 hours ago
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EASY TO OWN - Well-Maintained 2-Unit Apartment Building in a Prime Location. An investment opportunity in an area tenants love. This well-kept 2-unit property features two one-bedroom apartments and additional finished attic space. Just moments from the train, Derby Wharf, Salem Common, Peabody-Essex Museum, and downtown shops and restaurants, making it highly desirable for renters. Property Features: Coin-op laundry in the basement, individual FHW gas heating units (installed within the last 5 years), tandem parking for 2 cars, plus on-street permit parking, newer carpets, and replacement of some windows, skylights, and a Juliet balcony on the third floor. FOR THE SMART BUYER looking to invest in a property with strong rental appeal and long-term potential. Showings by appointment only, beginning on Saturday 1pm-3pm. Please allow 48 hours for responses to Offers. Seller reserves the right to accept an Offer at any time.

Full Property Details for 5 Herbert St

General

  • Price: $625,000
  • Taxes: $8,406 (2025)
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 73506256
  • Updated: Today (4/23/2026)
  • Added to Site: Today

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2

Parking

  • Parking Features: Off Street, Tandem, On Street

Location

  • County: Essex

Structural Information

  • Basement: Yes
  • Stories/Levels: 2
  • Square Feet: 1,786
  • Year Built: 1864

Lot Features

  • Lot Size (Acres): 0.04

Financial Considerations

  • Tax Amount: $8,406
  • Tax Year: 2025

Disclosures and Reports

  • Exclusions: Any Personal Property Belonging To Tenants.
  • Disclosures/Rstr.: 3rd floor attic space can not be used as a legal apartment. Coin-op washer/dryer in basement. Seller pays hot water for laundry.
  • Property ID: M:35 L:0317, 2136721

Listed by J. Barrett & Company, Tina McManus

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Listing agent

— 5 Herbert St —

  • Tina McManus

    J. Barrett & Company

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5 Herbert St

School District:Salem School District, Salem, MA
NameGradesDistance
Saltonstall School
211 Lafayette Street, Salem, MA 01970
K-80.6 mi
Carlton Elementary School
10 Skerry Street, Salem, MA 01970
K-50.7 mi
Bates Elementary School, Salem, MA
53 Liberty Hill Avenue, Salem, MA 01970
K-51.2 mi
Collins Middle School
29 Highland Avenue, Salem, MA 01970
6-81 mi
Salem Prep High School
2 Museum Place Mall, Salem, MA 01970
9-120.2 mi
Salem High School, Salem, MA
77 Willson Street, Salem, MA 01970
9-121.6 mi
Horace Mann Laboratory
79 Willson Street, Salem, MA 01970
K-51.5 mi
Witchcraft Heights Elementary School
1 Frederick Street, Salem, MA 01970
K-51.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5 Herbert St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/23/2026
Listed
$625,000
164.94%
MLS
8/11/2000
Sold
$235,900
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5 Herbert St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,406
4%
$741,300
7%
2024
$8,075
2%
$694,900
10%
2023
$7,889
4%
$630,600
10%
2022
$7,592
4%
$573,000
9%
2021
$7,288
7%
$528,100
12%
2020
$6,822
1%
$472,100
5%
2019
$6,769
8%
$448,300
10%
2018
$6,283
6%
$408,500
10%
2017
$5,900
3%
$372,000
1%
2016
$5,752
2%
$367,100
7%
2015
$5,612
15%
$342,000
18%
2014
$4,868
—
$291,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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with our affiliated lender
NMLS#: 1598647

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Listed by J. Barrett & Company, Tina McManus

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5 Herbert St, Salem, MA 01970 (MLS# 73506256) is a Multi-Family property with 2 units containing 2 bedrooms and 2 full bathrooms. 5 Herbert St is currently listed for $625,000 and was received on April 23, 2026. Want to learn more about 5 Herbert St? Do you have questions about finding other Multi-Family real estate for sale in North Lawrence? You can browse all North Lawrence real estate or contact a Coldwell Banker agent to request more information.

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