Active
3 Days on market
16 Phelps St #2 Salem — Photo 1 of 40

16 Phelps St #2 Salem — Photo 1 of 40

$525,000

16 Phelps St #2, Salem, MA 01970

Salem, MA 01970

Investor Analysis

Beds

2

Baths

2

SqFt

927

Style

Condominium

Built

1920

Welcome home to this beautifully renovated (2021) single-level condo tucked on a quiet side street in one of Salem's most desirable neighborhoods, abutting the historic McIntire District. Here you'll enjoy the serenity of a peaceful, tree-lined setting while living just minutes from the museums, library, shops, restaurants and nightlife of vibrant downtown Salem. This 2-bedroom, 2-bath residence delivers the perfect blend of comfort, style and convenience, with an effortless flow that suits easy living, working from home, or entertaining. Sun-filled rooms showcase hardwood floors, exposed brick, and recessed lighting, while the stunning Quartz and stainless kitchen anchors the space alongside efficient modern systems and in-unit laundry. Retreat and relax in the primary en suite, complete with a tiled, floor-to-ceiling oversized shower and walk-in closet space. This special offering also includes 2-car off-street parking, an expansive common yard, a pet-friendly policy and extra basement storage. A unique opportunity to own a turn-key home that combines thoughtful updates, historic charm, and an unbeatable location

Immersive Experience

Open Houses

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$566/sqft
Local Avg (Salem)$434/sqft
30% AboveMarket Average

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

Property Details

Financials

Original Price$525,000
Annual Taxes$5,519
HOA Fee$240

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms4
FireplacesNone
FlooringHardwood
BasementY

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofRubber
Foundation--
ZoningR2

Property & Lot

Acres0.2
SqFt Lot8,712
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer/Dryer

Neighborhood

Public Transportation • Shopping • Park • Medical Facility • Highway Access • Marina

Geography

Floorplan Breakdown

Structural Layout

Second
Living RoomKitchenMaster BedroomBedroom 2Bathroom 1Bathroom 2
Living Room
Lvl Second
Kitchen
Lvl Second
Master Bedroom
Lvl Second
Bedroom 2
Lvl Second
Bathroom 1
Lvl Second
Bathroom 2
Lvl Second

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: Zoe Karademos

Listing Office: Coldwell Banker Realty - Marblehead

MLS® Number: 73574179

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