Active Under Contract
17 Days on market
5 Walter St. Salem — Photo 1 of 35

5 Walter St. Salem — Photo 1 of 35

$645,000

5 Walter St., Salem, MA 01970

Salem, MA 01970

Beds

4

Baths

1.5

SqFt

1,495

Style

Single Family

Built

1915

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!

Key facts

It was listed on September 16, 2026. The annual property taxes are $6,797 (2026 tax year). It sits on a 0.06-acre (2,718 sq ft) lot.

No longer available to tour

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$431/sqft
Local Avg (Salem)$380/sqft
13% AboveMarket Average

* Analysis is based on 21 actively listed and recently sold comparable properties strictly within Salem, MA.

Property Details

Financials

Original Price$645,000
Annual Taxes$6,797

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms8
FireplacesNone
FlooringTile, Vinyl, Hardwood, Flooring - Hardwood
BasementFull

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone, Brick/Mortar, Granite
ZoningR2

Property & Lot

Acres0.06
SqFt Lot2,718
Lot Features--

Amenities & Appliances

Electric Water Heater • Range • Dishwasher • Refrigerator

Geography

Floorplan Breakdown

Structural Layout

Third
Bedroom 3Bedroom 4Bathroom 2
Second
OfficePrimary BedroomBedroom 2Bathroom 1
First
Living RoomDining RoomKitchen
Living Room
Lvl First

Ceiling Fan(s), Flooring - Hardwood, Lighting - Sconce

Dining Room
Lvl First

Closet/Cabinets - Custom Built, Flooring - Hardwood, Lighting - Pendant

Kitchen
Lvl First

Ceiling Fan(s), Flooring - Vinyl, Exterior Access, Recessed Lighting

Office
Lvl Second

Flooring - Hardwood

Primary Bedroom
Lvl Second

Ceiling Fan(s), Closet, Flooring - Hardwood, Lighting - Sconce

Bedroom 2
Lvl Second
Bedroom 3
Lvl Third

Ceiling Fan(s), Closet, Flooring - Hardwood

Bedroom 4
Lvl Third
Bathroom 1
Lvl Second

Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl Third

Bathroom - Half, Flooring - Stone/Ceramic Tile

Questions about this home

When was 5 Walter St., Salem listed?

5 Walter St., Salem was listed on September 16, 2026.

Has the price of 5 Walter St., Salem changed?

The price hasn't changed since it was listed at $645,000.

What are the property taxes for 5 Walter St., Salem?

The annual property taxes for 5 Walter St., Salem are $6,797 (2026 tax year).

How big is the lot at 5 Walter St., Salem?

5 Walter St., Salem sits on a 0.06-acre (2,718 sq ft) lot.

What is the status of 5 Walter St., Salem?

5 Walter St., Salem is under contract, and the MLS still lists it as active.

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)

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 748 sq ft (the lesser of 900 sq ft or half the 1,495 sq ft principal dwelling). Lot size: 2,718 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Listing Provided By

Listing Agent: Jenny May

Listing Office: J. Barrett & Company

MLS® Number: 73578618