393 Essex St, Salem MA 01970
Salem, MA 01970
$1,025,000
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Sale Statistics
Sale Overview
Original List Price:
$979,900
Final Sale Price:
$1,025,000
Difference:
+$45,100 (+4.6%)
Performance Metrics
104.6%
List to Sale Ratio
Sold above asking price
5
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft:
$174
Sale $/sq ft:
$182
This property sold for $182 per square foot
Sale Summary
This property sold for 4.6% above the original asking price, indicating strong buyer demand.
With only 5 days on market, this was a quick sale compared to typical market conditions.
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.
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Property History
Market Insights
47.7%
Price Range
6
Total Days on Market
Property Timeline
Current Active Listing - MLS #73580463
Full transaction history available when tracking began
Currently Listed
Sep 21, 2026
$1,875,000
MLS #73580463 - Active
Sold
Dec 29, 2021
$1,025,000
Property sold
Days on Market: 6
Listed for Sale
Nov 4, 2021
$979,900
Original listing
Agent: Justin Repp
Office: Keller Williams Realty Evolution
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/21/2026 | 🏡 Currently Listed | $1,875,000 | - | - | MLS #73580463 - Active |
| 12/29/2021 | ✓ Sold | $1,025,000 | - | - | Property sold |
| 11/04/2021 | 🏠 Listed for Sale | $979,900 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2021 | $11,891 | $861,700 |
Financial Details
Annual Property Tax
$11,891
Tax Year 2021
Assessed Value
$861,700
Facts & Features
Home Facts
Type
Residential Income
Style
4 Family
Year Built
1740
Living Area
5,626 sq ft
Lot Size
0.21 acres
Bedrooms
4
Full Baths
3
Half Baths
2
Total Rooms
20
Investment Metrics
Units
4
Unit 1 Rent
$4,000/mo · N
Unit 2 Rent
$1,000/mo · N
Unit 3 Rent
$1,300/mo · N
Unit 4 Rent
$1,950/mo · N
Total Monthly Rent
$8,250/mo
Gross Income
$93,000
Net Operating Income
$95,445
Operating Expenses
$10,222
Water/Sewer Expense
$1,804
Cap Rate
9.74%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Fireplaces
4
Basement
Full, Bulkhead, Unfinished
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
None
Total Spaces
10
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$11,891
Assessed Value
$861,700
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Unit 1 And 4 Rents Are Estimates. Those Units Will Be Delivered Vacant At Closing. Unit 4 Needs Cosmetic Improvements. Property Is Historic. See Attached For Copy Of Variance That Was Granted In 1991 Allowing Use Of First Floor As Commercial Space With Restrictions. Property Sold As-is.
Exclusions
All Dental Equipment
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Essex
Total market time (incl. prior listings)
6 days
Property Overview
Property Type
4 Family
Listing Type
Sold
Year Built
1740
Bedrooms
4
Full Bathrooms
3
Half Bathrooms
2
Living Area
5,626 sq ft
Total Rooms
20
Stories
4
Levels
4
Floor Layout
Interactive room guide
Floor Layout
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Full, Bulkhead, Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1740
Structure Type:
Exterior Materials:
Roof:
Shingle
Foundation:
Stone
Stories:
4
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Level
Road Surface:
Parking & Garage
Total Parking Spaces:
10
Parking Features:
Special Features
Fireplaces:
4
Fireplace Type:
Community Amenities:
Public Transportation
Nearby Schools
School District
Salem School District local
B-
School Safety
2024-25
3.6%
Above Average
2.3%
Suspensions
0.8%
In-School
1.3%
Emergency
1.9% below state avg
Elementary Schools
9 schools
The Phoenix School
0.3 mi
Grades PK-08
The Greenhouse School
1.5 mi
Grades PK-08
C+
Saltonstall School
0.7 mi
|
#526 of 825
|
Score: 43.9
Improved 42 spots from last year
-14.3 below state avg
267 students
Diverse
Rising School
Diverse Student Body
Strong Attendance
Grades K-05
B
Witchcraft Heights School
0.8 mi
|
#339 of 825
|
Score: 49.4
Improved 211 spots from last year
-8.8 below state avg
465 students
Diverse
Rising School
Diverse Student Body
Grades K-05
C
Horace Mann Laboratory School
0.8 mi
|
#653 of 825
|
Score: 38.1
Improved 68 spots from last year
-20.1 below state avg
320 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
B+
Bates School
1.1 mi
|
#318 of 825
|
Score: 50.0
Improved 261 spots from last year
-8.2 below state avg
415 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
B-
Carlton School
1.1 mi
|
#470 of 825
|
Score: 45.5
Dropped 49 spots from last year
-12.7 below state avg
249 students
Diverse
Diverse Student Body
Grades K-05
C+
Bentley Academy Innovation School
1.4 mi
|
#532 of 825
|
Score: 43.7
Improved 179 spots from last year
-14.5 below state avg
277 students
Moderate
Rising School
Grades PK-05
Salem Early Childhood School
1.4 mi
107 students
Diverse
Diverse Student Body
Grades PK
Middle Schools
1 school
B-
Collins Middle School
0.3 mi
|
#203 of 352
|
Score: 40.3
Improved 76 spots from last year
-17.9 below state avg
753 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
High Schools
2 schools
B+
Salem Academy Charter School
0.9 mi
|
#141 of 346
|
Score: 57.0
Improved 95 spots from last year
-1.2 below state avg
477 students
Diverse
10 sports
• 568 athletes
High Graduation Rate
Rising School
College Ready Curriculum
Grades 06-12
B+
Salem High School
0.9 mi
|
#124 of 346
|
Score: 58.3
Dropped 4 spots from last year
+0.1 above state avg
960 students
Diverse
18 sports
• 1,080 athletes
Early College Program
Career Tech Programs
College Ready Curriculum
Strong Athletics
Grades 09-12
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Location
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Neighborhood
393 Essex St, Salem MA 01970
Salem, MA 01970
Listing Information
Listing Agent
Justin Repp
Listing Office
Keller Williams Realty Evolution
Office Phone
978-927-8700
Agent MLS ID
CN210870
Office MLS ID
C95098
Listing Data Updated
Dec 30, 2021 10:33 AM EST
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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