Active
7 Days on market
42 School St #2 Salem — Photo 1 of 31

42 School St #2 Salem — Photo 1 of 31

$575,000

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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$350/sqft
Local Avg (Salem)$458/sqft
24% BelowMarket Average

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

Property Details

Financials

Original Price$575,000
Annual Taxes$5,911.75
HOA Fee$192

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms7
Fireplaces1
FlooringTile, Carpet, Hardwood
BasementY

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
Foundation--
ZoningR2

Property & Lot

Acres0.08
SqFt Lot3,690
Lot Features--

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

Listed
$575,000

Sep 2, 2026

MLS® 73570926

Expired
$575,000

Sep 1, 2026

MLS® 73528008

Listed
$575,000

Jun 2, 2026

MLS® 73528008

Expired
$630,000

Oct 31, 2025

MLS® 73375723

Expired
$3,650

Sep 30, 2025

MLS® 73404160

Listed
$3,650

Jul 14, 2025

MLS® 73404160

Listed
$630,000

May 15, 2025

MLS® 73375723

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

992 housing units permitted in the last 12 months (-15% vs the prior 12 months) — 515 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: The Movement Group

Listing Office: Compass

MLS® Number: 73570926

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