Under Agreement

364-366 Essex St, Salem, MA

Salem · MA 01970

$2,200,000
Price
10
Beds
9
Baths
7033
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1850
Units: 9 Units
Lot size: 5,662 Sq.Ft Lot
Price per square foot: $313 / Sq.Ft
Parking: 4 Off Street Spaces

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.

Neighborhood & Transit

364-366 Essex St, Salem · MA 01970

Nearby transit

Within 0.5 mile, measured straight-line to the nearest station entrance.

  • Salem Commuter Rail 1 route 0.45 mi
    • Newburyport/Rockport Line

Price Insight

Days on Market:
85 days
Listing Price:
$2,200,000
Price per Sq.Ft:
$313
Tax Assessment:
$2,006,000 in 2026
Taxes:
$1,819 / Monthly

Home Facts

Interior Features

Bedrooms
10
Full Bathrooms
9
Half Bathrooms
0
Living Area
7,033 Sq.Ft
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
7033
Flooring
Unknown
Lead paint
Unknown

Utilities

Heating Type
Unknown
Heating Zone
Unknown
Cooling
Unknown
Cooling Zones
Unknown
Water
Unknown
Sewer
Unknown
Electric Features
Other (See Remarks), Individually Metered

Exterior Features

Lot Size
5,662 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
0 Parking Spaces
Off Street Parking
4 Parking Spaces

Construction Details

Construction Type
Unknown
Siding
Vinyl
Roof
Unknown

Green Features

Electric Vehicle Charger
Unknown
Solar Panels
Unknown
Green Certified
Unknown
Insulation Features
Unknown
Energy Features
Unknown

Listing information

Listing agent
Stephen Girolamo
Listing office
Horvath & Tremblay
MLS PIN #
73561757