Active
89 Days on market
401 Essex Salem — Photo 1 of 34

401 Essex Salem — Photo 1 of 34

Recent Drop: $190,000

$2,500,000
$2,310,000

$2,310,000

401 Essex, Salem, MA 01970

Salem, MA 01970

Investor Analysis

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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$462/sqft
Local Avg (Salem)$347/sqft
33% AboveMarket Average

* Analysis is based on 20 actively listed and recently sold comparable properties strictly within Salem, MA.

Property Details

Financials

Original Price$2,500,000
Annual Taxes$17,770

Parking

Garage0
Off-Street6

Interior Specifications

Total Rooms18
Fireplaces6
FlooringWood, Hardwood
BasementNone

Climate & Utilities

HeatingBaseboard, Natural Gas, Hot Water, Oil
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame, Brick
RoofShingle, Slate, Rubber
FoundationConcrete Perimeter, Block, Granite
ZoningB1

Property & Lot

Acres0.12
SqFt Lot5,123
Lot FeaturesCorner Lot

Amenities & Appliances

Range • Dishwasher • Microwave • Refrigerator

Neighborhood

Public Transportation • Shopping • Medical Facility • Highway Access • Public School • T-Station

Geography

Property History

Price Drop
$2,310,000

Was $2,500,000

Jul 8, 2026

MLS® 73535855

Listed
$2,500,000

Jun 15, 2026

MLS® 73535855

Population

44,738

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$85K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

50.4%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

992 housing units permitted in the last 12 months (-15% vs the prior 12 months) — 515 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Francesca Little

Listing Office: Little & Co., REALTORS®

MLS® Number: 73535855

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