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Active

395 Essex, Salem MA 01970

$1,995,000

Estimated $5,152/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $332,500

Total Rent: 85800/year

Estimated CAP Rate:

7 Bedrooms

Baths

5212

Total Parking: 8 (1 Garage)

8,390 (0.19)

Located in Salem's prestigious McIntire District, this remarkable six-family Georgian Colonial, built circa 1735, presents a rare opportunity to own a significant piece of the city's architectural history. The Property consists six (6) residential units comprised of four (4) one-bedroom apartments, one (1) two-bedroom apartment, and one (1) studio.The Essex Street-facing apartments showcase an extraordinary collection of original period details, including King George flooring, five working fireplaces, and the timeless craftsmanship that defines early New England architecture. Each unit is separately metered for gas and electric, with tenants responsible for their own utilities. The gas heating systems have all been recently updated along with many of the kitchens and baths. Please see attached PDF for a rent roll and expenses.

This home has been viewed 8 times

Last Checked: June 22nd, 2026 at 8:33pm (Source: MLS PIN #73535854)

Gross Income: $85,800

Gross Expenses: $23,000

Net Income Calc: $62,800

Annual Expenses for 395 Essex, Salem MA 01970

Total Gross Expenses (Calculated)$23,000/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax23000

Annual Income & Unit Breakdown for 395 Essex, Salem MA 01970

Total Gross Income (Calculated)$85,800

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 4

Rental Income$0

Lease

Bathrooms

Rent IncludesHeat

General Information for 395 Essex, Salem MA 01970

Listing ID73535854

Property TypeMulti Family / 5+ Family

Price1995000 ($382.77/SqFt)

Style5-9 Family

CitySalem

CountyEssex

Neighborhood(s)Ipswich

Approximate Living Area Total5212

Approximate Lot Size (Acres)0.19

Total Parking8 (1 Garage)

Garage Parking1

Year Built1735

Year Built SourceOwner

Year Built DetailsCertified Historic

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

Basement

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningB1

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 395 Essex, Salem MA 01970

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsTree House

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 395 Essex, Salem MA 01970

Real Estate Taxes23000

Tax Year2025

Assessed Value$1,906,600

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 395 Essex, Salem MA 01970

Neighborhood(s)Ipswich

Area AmenitiesWalk/jog Trails

Contact Information for 395 Essex, Salem MA 01970

Agent

Name: Francesca Little

Office

Name: Little & Co., REALTORS®

Phone: 978-745-4447

Team Members

Payment Calculator

, Interest

Property Taxes 1916.67

Principal & Interest 12292.56

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Little & Co., REALTORS®

Francesca Little

Agent Phone

Office Phone

(978) 745-4447

Text Agent Call Agent Call Office

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    [unparsed] => 395 Essex, Salem MA 01970
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EXIT

21 More Photos

Active

395 Essex, Salem MA 01970

$1,995,000

Annual Expenses for 395 Essex, Salem MA 01970

Annual Income & Unit Breakdown for 395 Essex, Salem MA 01970

General Information for 395 Essex, Salem MA 01970

Disclosures for 395 Essex, Salem MA 01970

Financial Information for 395 Essex, Salem MA 01970

Location Information for 395 Essex, Salem MA 01970

Contact Information for 395 Essex, Salem MA 01970

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Little & Co., REALTORS®

Francesca Little