42 School St #2 Salem — Photo 1 of 31
Recent Drop: $11,000
$559,000
42 School St #2, Salem, MA 01970
Salem, MA 01970
Beds
2
Baths
2
SqFt
1,644
Style
Condominium
Built
1880
Nestled in Salem, this multi-level Unit at 40-42 School St offers the perfect balance of modern amenities and enduring character. This sun-filled home features an open-concept kitchen with quartz countertops, custom cabinetry, stainless steel appliances, and a spacious island ideal for entertaining. The layout flows seamlessly into a dedicated dining area and inviting living space with hardwood floors throughout. The home offers generously sized bedrooms, a stylishly updated bathroom with tiled shower, and a versatile top-floor bonus space perfect for a home office or flex use. Additional highlights include in-unit laundry, flexible floorplan, and thoughtful design throughout along with storage area in basement. Conveniently located near downtown, shops, restaurants, and major routes. Salem commuter rail station with direct access to Boston—perfect for commuters or anyone looking for convenience.—this is a turnkey opportunity you don’t want to miss.
Key facts
It was listed on September 2, 2026. The price has come down from an original $575,000 to $559,000 across 2 changes, most recently on October 1, 2026. The annual property taxes are $5,912 (2026 tax year). The condo fee is $192 per month, which includes water.
Open Houses
Market Value Analysis
* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Salem, MA.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Stable(s)
Geography
Property History
$559,000
Was $570,000
Oct 1, 2026
MLS® 73570926
$570,000
Was $575,000
Sep 22, 2026
MLS® 73570926
$575,000
Sep 2, 2026
MLS® 73570926
$575,000
Sep 1, 2026
MLS® 73528008
$575,000
Jun 2, 2026
MLS® 73528008
$630,000
Oct 31, 2025
MLS® 73375723
$3,650
Sep 30, 2025
MLS® 73404160
$3,650
Jul 14, 2025
MLS® 73404160
$630,000
May 15, 2025
MLS® 73375723
Questions about this home
When was 42 School St #2, Salem listed?
42 School St #2, Salem was listed on September 2, 2026.
Has the price of 42 School St #2, Salem changed?
The price has come down from an original $575,000 to $559,000 across 2 changes, most recently on October 1, 2026.
What are the property taxes for 42 School St #2, Salem?
The annual property taxes for 42 School St #2, Salem are $5,912 (2026 tax year).
What is the condo fee at 42 School St #2, Salem?
The condo fee is $192 per month, which includes water.
What is the status of 42 School St #2, Salem?
42 School St #2, Salem is actively listed for sale.
Population
44,738
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
Median Household Income
$85K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
Renter-Occupied Homes
50.4%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
New Construction Permits — Essex County
1,060 housing units permitted in the last 12 months (-11% vs the prior 12 months) — 603 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jul '26)
Listing Agent: The Movement Group
Listing Office: Compass
MLS® Number: 73570926
