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Active

401 Essex, Salem MA 01970

$2,500,000

Estimated $5,535/month Calculator

Multi Family

Total Units: 7

Price Per Unit: $357,142.86

Total Rent: 84000/year

Estimated CAP Rate:

9 Bedrooms

Baths

4997

Total Parking: 6

5,123 (0.12)

Unique opportunity to own the historic Captain Nathaniel Osgood House, an elegant brick seven-family property built in 1815 and prominently situated within Salem's highly sought-after McIntire District. Rich in period charm and architectural character, the property consists of three (3) one-bedroom units, one (1) two-bedroom unit, and two (2) spacious one-plus-bedroom units. Each units showcases beautiful antique fireplaces, hardwood flooring, and an abundance of original historic detail.The building has been thoughtfully renovated throughout with granite countertops, stainless steel appliances, new bathrooms, efficient Navien heating systems, and updated electrical service. The property offers off-street parking for up to six vehicles. Adding to its appeal is a detached two-story carriage house located at the rear of the property, providing additional income. All tenants pay heat, HW and electric. Please see attached PDF for a rent roll and expenses.

This home has been viewed 9 times

Last Checked: June 20th, 2026 at 5:08am (Source: MLS PIN #73535855)

Gross Income: $84,000

Gross Expenses: $17,770

Net Income Calc: $66,230

Water Views

Annual Expenses for 401 Essex, Salem MA 01970

Total Gross Expenses (Calculated)$17,770/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax17770

Annual Income & Unit Breakdown for 401 Essex, Salem MA 01970

Total Gross Income (Calculated)$84,000

Unit 1

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 4

Rental Income$0

Lease

Bathrooms

Rent IncludesHeat

General Information for 401 Essex, Salem MA 01970

Listing ID73535855

Property TypeMulti Family / 5+ Family

Price2500000 ($500.3/SqFt)

Style5-9 Family

CitySalem

CountyEssex

Neighborhood(s)Ipswich

Approximate Living Area Total4997

Approximate Lot Size (Acres)0.12

Total Parking6

Garage Parking0

Year Built1815

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

Basement

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningB1

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 401 Essex, Salem MA 01970

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceOther

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 401 Essex, Salem MA 01970

Real Estate Taxes17770

Tax Year2025

Assessed Value$1,363,000

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 401 Essex, Salem MA 01970

Neighborhood(s)Ipswich

Area AmenitiesWalk/jog Trails

Contact Information for 401 Essex, Salem MA 01970

Agent

Name: Francesca Little

Office

Name: Little & Co., REALTORS®

Phone: 978-745-4447

Team Members

Payment Calculator

, Interest

Property Taxes 1480.83

Principal & Interest 15404.2

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] => 401 Essex, Salem MA 01970
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EXIT

31 More Photos

Active

401 Essex, Salem MA 01970

$2,500,000

Annual Expenses for 401 Essex, Salem MA 01970

Annual Income & Unit Breakdown for 401 Essex, Salem MA 01970

General Information for 401 Essex, Salem MA 01970

Disclosures for 401 Essex, Salem MA 01970

Financial Information for 401 Essex, Salem MA 01970

Location Information for 401 Essex, Salem MA 01970

Contact Information for 401 Essex, Salem MA 01970

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Little & Co., REALTORS®

Francesca Little