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$2,200,000

Contingent

364-366 Essex Street

Salem, MA, 01970

Multi-Family · MLS #73561757

Price/sqft

$313

Days on market

8 days

Year built

1850

Lot size

0.13 ac

7,033 sq ft

Sq Ft

0.13 acres

Lot

1850

Year Built

Taxes: $21,830 (2026)

About this home

364-366 Essex Street contains one (1) 2-Bedroom/1-Bathroom unit, five (5) 1-Bedroom/1-Bathroom units, one (1) 2-Room Studio unit, and two (2) Studio units with 7,033 square feet of gross living area in 9,044 square feet of gross area. The Property is situated upon a 0.13-acre parcel and features four (4) off-street parking spaces. Located in the heart of downtown Salem, 364-366 Essex Street benefits from one of the North Shore's most desirable apartment markets, supported by a diverse employment base, exceptional walkability, and year-round visitor activity. The Landlord is responsible for providing oil powered heat & electric powered hot water to both buildings. The Landlord provides common area electricity to both buildings, as well as unit electric to 364 Essex, while Tenants at 366 Essex pay their own unit electric. The Landlord is responsible for providing city water & sewer to all units. The opportunity exists to acquire a well-maintained asset in a desirable North Shore location.

Location

364-366 Essex Street, Salem, MA, 01970

Property details

Road type
Public, Paved
Basement
Partially Finished
Electric
Common, Individually Metered

Listed by Stephen Girolamo · Horvath & Tremblay

Schedule a showing

364-366 Essex Street

By submitting you agree to be contacted by Antonio Illas.

Estimated payment

$14,046 / month

Down payment20% · $440,000
Interest rate6.66%

Loan term

Principal & interest
$11,310
Property tax
$1,819
Home insurance
$917

Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses listed taxes.

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