Active
1 Days on market
49 Federal St #4 Salem — Photo 1 of 23

49 Federal St #4 Salem — Photo 1 of 23

$619,000

49 Federal St #4, Salem, MA 01970

Salem, MA 01970

Investor Analysis

Beds

2

Baths

2.5

SqFt

877

Style

Condominium

Built

1800

Step into history, reimagined for modern living. This beautifully renovated Victorian-era condo blends old-world character with brand-new everything, including wide-plank pine flooring, a fully gut-renovated kitchen with all-new appliances, and two en-suite bathrooms, one for each bedroom. Completed in 2022, the complete renovation gives you all the charm of a historic Salem building with none of the guesswork. Oversized windows flood the unit with light, and, a rare find for a building this age, Unit 4 has separate climate control for each floor plus central air conditioning. The location doesn't get more central: directly across from Salem's historic courthouse and moments from the city's best restaurants and nightlife. Salem's shops, museums, and waterfront are all close by, and the MBTA Salem train station is just around the corner, putting Boston within easy reach. Historic charm, modern finishes, and an unbeatable location: Unit 4 at 49 Federal St checks every box.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$706/sqft
Local Avg (Salem)$441/sqft
60% AboveMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Salem, MA.

Property Details

Financials

Original Price$619,000
Annual Taxes$5,584
HOA Fee$150

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms4
FireplacesNone
FlooringWood, Tile, Pine
BasementN

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle, Rubber
Foundation--
ZoningB5

Property & Lot

Acres0.08
SqFt Lot3,441
Lot Features--

Amenities & Appliances

Dishwasher • Disposal • Microwave • Refrigerator • Freezer • ENERGY STAR Qualified Dishwasher • Washer/Dryer

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bathroom 2Bathroom 3
First
Living RoomBathroom 1
Main,First
Kitchen
Living Room
Lvl First

Flooring - Wood, Balcony / Deck, Recessed Lighting, Lighting - Overhead

Kitchen
Lvl Main,First

Bathroom - Half, Flooring - Wood, Recessed Lighting, Lighting - Overhead

Primary Bedroom
Lvl Second

Bathroom - 3/4, Beamed Ceilings, Vaulted Ceiling(s), Closet, Flooring - Wood, Lighting - Overhead

Bedroom 2
Lvl Second
Bathroom 1
Lvl First

Bathroom - Half, Washer Hookup

Bathroom 2
Lvl Second

Bathroom - 3/4

Bathroom 3
Lvl Second

Bathroom - Full

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 Provided By

Listing Agent: Charlotte Luber

Listing Office: Compass

MLS® Number: 73577576

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