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393 Essex St, Salem, MA

Salem · MA 01970

$1,025,000
Price
4
Beds
4
Baths
5626
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1740
Units: 4 Units
Lot size: 9,030 Sq.Ft Lot
Price per square foot: $174 / Sq.Ft
Parking: 10 Off Street Spaces

About this home

Large mixed use building located in Salem's coveted McIntire Historic District! Built in 1740, 393 Essex St has been the home to many influential Salem residents throughout it's history. Today, it is a 4 unit building comprised of a first floor commercial space, and 3 residential units on the second and third floors (1 - two bed unit and 2 - one bed units). This property affords its next steward many options: keep the building in it's current state by filling the vacancies, or perhaps convert the first floor commercial space back to apartments. Could also work as a condo conversion project. The first floor was up until recently a dental practice bringing in $4k a month in rent. Per a variance granted in 1991, the first floor space shall be limited to commercial use for professional offices, medical or dental clinic since it is zoned residential. The property has ample parking and is located 1/2 mile to the Salem MBTA station and steps to downtown Salem. Shown by appointment.

Neighborhood & Transit

393 Essex St, Salem · MA 01970

Nearby transit

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

No subway or commuter rail stations within 0.5 mile.

Price Insight

Days on Market:
1652 days
Listing Price:
$979,900
Price per Sq.Ft:
$174
Tax Assessment:
$861,700 in 2021
Taxes:
$991 / Monthly

Home Facts

Interior Features

Bedrooms
4
Full Bathrooms
3
Half Bathrooms
2
Living Area
5,626 Sq.Ft
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
Unknown
Flooring
Unknown
Lead paint
Unknown

Utilities

Heating Type
Unknown
Heating Zone
Unknown
Cooling
Unknown
Cooling Zones
Unknown
Water
Unknown
Sewer
Unknown
Electric Features
Unknown

Exterior Features

Lot Size
9,030 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
0 Parking Spaces
Off Street Parking
10 Parking Spaces

Construction Details

Construction Type
Unknown
Siding
Unknown
Roof
Unknown

Green Features

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

Listing information

Listing agent
Justin Repp
Listing office
Keller Williams Realty Evolution
MLS PIN #
72916753