
5 Chandler Rd Salem — Photo 1 of 42
Recent Drop: $14,100
$674,900
Investment Analysis — 5 Chandler Rd
Salem, MA 01970
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01970 carries an estimated $3,080/mo in gross rent — about a 3.28% cap rate and $22,148/yr in estimated NOI at the $674,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
2,049
Style
Single Family
Built
1953
BACK ON THE MARKET DUE TO BUYER FINANCING! Welcome to this beautifully updated classic New England Cape, ideally located just steps from Vinnin Square in historic Salem, Massachusetts. Blending timeless charm with thoughtful modern updates, this home is truly move-in ready. Step inside to gleaming hardwood floors and a warm, inviting living room centered around a cozy wood-burning fireplace. The main level also features a spacious dining room, an updated open-concept kitchen, and a conveniently located first-floor bedroom. Just off the kitchen, the updated three-season room provides the perfect space to relax, entertain, or enjoy your morning coffee. Upstairs, you'll find two generously sized bedrooms and a full bathroom.The finished lower level adds even more living and entertaining space, complete with a wet bar, perfect for game days, movie nights, or hosting friends and family. Recent improvements include an updated kitchen and bathrooms, a new furnace and water heater, a new patio, and more.Outside, enjoy a fenced-in backyard with a new patio, offering a great setting for summer cookouts and outdoor entertaining. A detached garage provides additional parking and storage.Conveniently located just minutes from the beach, golf course, commuter rail, shopping, dining, and all the history and excitement of downtown Salem, this home offers the perfect combination of character, updates, and location. A must-see Salem home! Open House Saturday 9/26 10-12PM
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: 900 sq ft (the lesser of 900 sq ft or half the 2,049 sq ft principal dwelling). Lot size: 5,990 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.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Electric Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Golf • T-Station
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First18 x 13
Flooring - Hardwood
Dining Room
Lvl First15 x 13
Flooring - Hardwood
Kitchen
Lvl First13 x 12
Flooring - Vinyl
Primary Bedroom
Lvl Second16 x 13
Closet, Flooring - Hardwood
Bedroom 2
Lvl Second16 x 12
Bedroom 3
Lvl First12 x 11
Closet, Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Half
Bathroom 2
Lvl SecondBathroom - Full
Property History
$674,900
Was $689,000
Sep 21, 2026
MLS® 73562543
$689,000
Aug 12, 2026
MLS® 73562543
Listing Agent: Kendall Reyes
Listing Office: Keller Williams Gateway Realty
MLS® Number: 73562543


