393 Essex St, Salem MA 01970
Salem, MA 01970
$1,875,000
Est. $11,153/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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About this home
In Salem’s coveted McIntire Historic District, this grand mid-18th-century residence offers a rare marriage of historic character and turnkey investment potential. Sensitively converted into five residences and renovated to the studs in 2022, the property retains remarkable period details, including a graceful three-story Federal staircase, wainscoting and glorious paneled walls. Generating approximately $160K annually, it is equally compelling as a pure investment or for an owner who wants to live beautifully while four additional units offset carrying costs. The sprawling first-floor residence feels more like a private home, with two ensuite bedrooms, gracious living and dining rooms, original interior shutters, and a serious cook’s kitchen with an 8-burner commercial range and abundant wood and quartz counters. The dining room opens private yard with an intricate bluestone patio, generous lawn and private parking. Four additional one-bedroom apartments above offer strong rental appeal. Each unit has separately metered gas and electric, its own HVAC and hot water, while the building is fully sprinklered and fire monitored. All this less than 30 seconds from fabled Chestnut Street and moments from downtown Salem’s restaurants, shops and commuter rail.
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Recently Sold Nearby
Property History
Market Insights
45.3%
Price Range
1
Previous Sales
Property Timeline
Listed for Sale
Sep 21, 2026
$1,875,000
Original listing
Agent: Michael Selbst
Office: Gibson Sotheby's International Realty
Previous Transaction - MLS #72916753
Full transaction history available when tracking began
Previously Sold
Dec 29, 2021
$1,025,000
MLS #72916753
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/21/2026 | 🏠 Listed for Sale | $1,875,000 | - | - | Original listing |
| 12/29/2021 | 🏷️ Previously Sold | $1,025,000 | - | - | MLS #72916753 |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $17,669 | $1,639,100 |
Financial Details
Annual Property Tax
$17,669
Tax Year 2026
Assessed Value
$1,639,100
Facts & Features
Home Facts
Type
Residential Income
Style
5+ Family - 5+ Units Up/Down
Year Built
1775
Living Area
5,345 sq ft
Lot Size
0.21 acres
Stories
5
Bedrooms
6
Full Baths
6
Half Baths
1
Total Rooms
17
Investment Metrics
Units
5
Unit 1 Rent
$4,000/mo · Y
Unit 2 Rent
$2,450/mo · Y
Unit 3 Rent
$2,450/mo · Y
Unit 4 Rent
$2,150/mo
Total Monthly Rent
$11,050/mo
Gross Income
$160,800
Net Operating Income
$120,302
Operating Expenses
$22,216
Water/Sewer Expense
$1,876
Electric Expense
$750
Insurance Expense
$10,300
Cap Rate
6.42%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Fireplaces
5
Basement
Full
Laundry
None
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
Fenced
Patio/Porch
None
Parking
Features
Off Street
Total Spaces
8
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$17,669
Assessed Value
$1,639,100
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
None
Exclusions
Antique Framed Prints In The Common Hallway
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
grey
Sq Ft Source
Public Record
Documents
None
County
Essex
Property Overview
Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
1775
Bedrooms
6
Full Bathrooms
6
Half Bathrooms
1
Living Area
5,345 sq ft
Total Rooms
17
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
5,345 sq ft above grade
Display Options
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
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
Laundry:
Security:
Construction & Materials
Year Built:
1775
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Stone, Granite
Stories:
5
Heating, Cooling & Utilities
Heating:
Heating Zones:
5
Cooling:
Cooling Zones:
5
Hot Water:
Electric
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Fenced
Other Structures:
Lot Features:
Level
Road Surface:
Parking & Garage
Total Parking Spaces:
8
Parking Features:
Off Street
Special Features
Fireplaces:
5
Fireplace Type:
Community Amenities:
Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Highway Access, House of Worship, Public School, T-Station, University
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
0.9 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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Monthly Payment Calculator
Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$1,472
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
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Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
393 Essex St, Salem MA 01970
Salem, MA 01970
Listing Information
Listing Agent
Michael Selbst
Listing Office
Gibson Sotheby's International Realty
Office Phone
978-526-0243
Agent MLS ID
BB804690
Office MLS ID
AN6133
Listing Data Updated
Sep 21, 2026 4:56 PM EDT
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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