2 Phelps St
Salem, MA 01970
- 5 Beds
- 2.5 Baths
- 2,778 sqft
5 Beds
2.5 Baths
2,778 sqft
Local Information
-- mins to
Home Highlights
Property Type
Multi-Family
Year Built
1920
Living Area
2,778 sqft
Price/Sqft
$309
Parking
3 Open Spaces
About this House
Generous 2 Family, perfect for owner occupancy or income generating investment property! Each unit has 11 year old gas furnaces with central air. Newer roof, 3 car tandem parking, ample basement storage with washer/dryer hookups. The first floor unit features 2 large bedrooms, living room, dining room, full bath and eat in kitchen with alcove. Second unit offers a living room, dining room, full bath, eat in kitchen with alcove and1 large bedroom on the second floor with 2 more bedrooms and half bath on the third. A back deck on each floor overlooks the tree lined yard. The sunny front porches overlook a quiet cul-de-sac. This location set just off of Broad St and is convenient to all that Salem has to offer. Close to Essex St for an easy in and out of Salem and just blocks from downtown shops and restaurants.
2 Phelps St, Salem, MA 01970 is a 5 bedroom, 3 bathroom, 2,778 sqft multi-family built in 1920. It last sold for $785,000 on Dec 5, 2024 (2% below the $799,000 asking price). More recently, it was listed as a rental in March 2025 with an asking price of $3,000 per month. That rental listing was removed on May 15, 2025. It is currently off market. The Trulia Estimate is $859,200, with a rent estimate of $2,757/month.
Home Details for 2 Phelps St
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Interior Details Basement: Full,Concrete,UnfinishedNumber of Rooms: 10 |
Beds & Baths Number of Bedrooms: 5Number of Bathrooms: 3Number of Bathrooms (full): 2Number of Bathrooms (half): 1 |
Dimensions and Layout Living Area: 2778 Square Feet |
Appliances & Utilities Utilities: for Electric Range, for Electric Dryer, Washer HookupAppliances: Range, Dishwasher, RefrigeratorDishwasherLaundry: Washer Hookup,Dryer Hookup,Electric Dryer HookupRefrigerator |
Heating & Cooling Heating: Forced Air,Natural GasHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air |
Fireplace & Spa No FireplaceNo Spa |
Gas & Electric Electric: Circuit Breakers |
Windows, Doors, Floors & Walls Window: Insulated WindowsFlooring: Tile, Hardwood |
Levels, Entrance, & Accessibility Number of Stories: 3Floors: Tile, Hardwood |
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Exterior Home Features Roof: ShinglePatio / Porch: Porch, EnclosedFoundation: Stone |
Parking & Garage Open Parking Spaces: 3No GarageHas Open ParkingParking Spaces: 3Parking: Paved Drive,Off Street,Tandem,Paved |
Frontage Road Frontage: PublicNot on Waterfront |
Water & Sewer Sewer: Public Sewer |
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Year Built Year Built: 1920 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: 2 Family - 2 Units Up/Down |
Building Construction Materials: FrameDoes Not Include Home Warranty |
Property Information Parcel Number: 2131742 |
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Price List Price: $799,000 |
Status Change & Dates Off Market Date: Wed Oct 23 2024 |
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MLS Status: Sold |
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Direction & Address City: Salem |
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Building Area Building Area: 2778 Square Feet |
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Community Features: Public Transportation, Shopping, Medical Facility, LaundromatNot Senior Community |
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Lot Area: 3598 sqft |
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Listing Terms: Contract |
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Rent Includes: Unit 1(Water), Unit 2(Water) |
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BasementMls Number: 73294627 |
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Public TransportationShoppingMedical FacilityLaundromat |
Last check for updates: about 12 hours ago
Listed by Sheri Ayers Trocchi, (617) 852-4051
J. Barrett & Company, (978) 468-0046
Bought with: Kristopher Gergler, (617) 543-2889, Cameron Real Estate Group, (781) 486-3180
Source: MLS PIN, MLS#73294627
Price History for 2 Phelps St
| Date | Price | Event | Source |
|---|---|---|---|
| 05/15/2025 | $3,000 | ListingRemoved | Zillow Rentals |
| 03/31/2025 | $3,000 | Listed For Rent | Zillow Rentals |
| 12/05/2024 | $785,000 | Sold | MLS PIN #73294627 |
| 10/15/2024 | $799,000 | PriceChange | MLS PIN #73294627 |
| 09/25/2024 | $856,500 | Listed For Sale | MLS PIN #73294627 |
| 07/15/2013 | $315,000 | Sold | N/A |
| 06/11/2013 | $319,000 | Listed For Sale | Agent Provided |
Market trends in Salem
Last updated June 2026
Avg. sale price
$573K
$5KMoM
Sale-to-List Price
100.1%
1.0%MoM
Price per sq ft
$422
$10MoM
Available listings
133
25MoM
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $8,122 |
| Assessment | $716,200 |
Home facts updated by county records
Comparable Sales for 2 Phelps St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.21 | Multi-Family Home | $735,000 | 02/17/26 | 6 | 3 | 2,594 | |
0.43 | Multi-Family Home | $690,000 | 05/29/26 | 5 | 2 | 2,430 | |
0.32 | Multi-Family Home | $975,000 | 06/26/26 | 4 | 3 | 2,926 | |
0.40 | Multi-Family Home | $800,000 | 08/15/25 | 4 | 2 | 1,918 | |
0.55 | Multi-Family Home | $910,000 | 08/28/25 | 6 | 3 | 2,943 | |
0.53 | Multi-Family Home | $875,000 | 11/03/25 | 7 | 3 | 2,808 | |
0.58 | Multi-Family Home | $650,000 | 03/23/26 | 6 | 2 | 3,378 | |
0.61 | Multi-Family Home | $929,000 | 08/01/25 | 4 | 2 | 2,474 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 2 Phelps St.
What Locals Say about Salem
At least 438 Trulia users voted on each feature.
90 % Say there are sidewalks
86 % Say it's dog friendly
81 % Say it's walkable to restaurants
72 % Say there's holiday spirit
70 % Say people would walk alone at night
69 % Say streets are well-lit
64 % Say car is needed
61 % Say parking is easy
61 % Say it's walkable to grocery stores
60 % Say yards are well-kept
59 % Say kids play outside
56 % Say they plan to stay for at least 5 years
51 % Say neighbors are friendly
50 % Say it's quiet
42 % Say there's wildlife
34 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
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Apartments for Rent
Homes for sale near 2 Phelps St
Off Market Homes Near 2 Phelps St
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS.
The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS.

