401 Essex Salem — Photo 1 of 34
Recent Drop: $190,000
$2,310,000
Investment Analysis — 401 Essex
Salem, MA 01970
Based on rent reported on the MLS listing, a 7-unit multi-family in 01970 carries $19,785/mo in gross rent — about a 7.04% cap rate and $162,669/yr in estimated NOI at the $2,310,000 list price. Adjust every assumption in the calculator below.
Beds
9
Baths
7
SqFt
4,997
Style
5-9 Family
Built
1815
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.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Medical Facility • Highway Access • Public School • T-Station
Geography
Property History
$2,310,000
Was $2,500,000
Jul 8, 2026
MLS® 73535855
$2,500,000
Jun 15, 2026
MLS® 73535855
Listing Agent: Francesca Little
Listing Office: Little & Co., REALTORS®
MLS® Number: 73535855