46 1/2 Essex St Salem — Photo 1 of 18
Recent Drop: $10,000
$815,000
Investment Analysis — 46 1/2 Essex St
Salem, MA 01970
Based on rent reported on the MLS listing, a 2-unit multi-family in 01970 carries $3,000/mo in gross rent — about a 2.35% cap rate and $19,133/yr in estimated NOI at the $815,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
2
SqFt
1,920
Style
Multi Family
Built
1850
The perfect blend of historic Salem meeting modern living at a cost that make too much sense not to look into acquiring this lovely home. With easy access to the Salem Commons, Downtown, Collins Cove and the Willows and everything else Salem has to offer.This property features a 1st floor unit with a modern kitchen and bath. /it has two bedrooms and a living room that has a working fireplace. The 2nd unit has three bedrooms , a large living and dining area and an eat in kitchen. It has an inviting fenced in yard great for entertaining and cookouts. It has 4 parking spots. Come Unit 1 will be delivered vacant. Unit 2 has a lease until 6/30/27 check out this gem.Use 44 Essex st for your GPS. Home is located in rear take the driveway to the back parking lot.
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 MLS and other third-party data may be inaccurate or out of date.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.
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Property History
$815,000
Was $825,000
Sep 9, 2026
MLS® 73544671
$825,000
Jul 5, 2026
MLS® 73544671
Listing Agent: Donald Hardy
Listing Office: eXp Realty LLC
MLS® Number: 73544671