46 1/2 Essex Street, Salem MA 01970

Salem, MA 01970

$750,000

5

Beds

2

Baths

1,920

Sq Ft

$391

Price/Sq Ft

0.06

Acres

1850

Year Built

3

Parking

Multi Family

Type

40

Days on Market

Sold Listed Jul 17, 2023 • MLS# 73137066 Copied! • Updated Sep 22, 2023

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Sale Statistics

Sale Overview

Original List Price: $739,900

                            Final Sale Price:
                            $750,000
                        

Difference: +$10,100 (+1.4%)

Performance Metrics

101.4%

List to Sale Ratio

Sold above asking price

40

Days on Market

Average time

Price per Square Foot Analysis

Original $/sq ft: $385

                            Sale $/sq ft:
                            $391
                        

This property sold for $391 per square foot

Sale Summary

This property sold for 1.4% above the original asking price, indicating strong buyer demand.

The property spent 40 days on market before selling.

Nearby Sales Comparison

Based on 2 similar properties sold within 0.5 miles in the last 90 days

This Property

$391/sq ft

Area Median

$298/sq ft

Difference

+31.2%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

About this home

Centrally located in the heart of downtown Salem. Beaches nearby. Walk to all the attractions that Salem has to offer. This updated 2-family features a modern unit that has an open floor plan with a beautiful new kitchen, stainless steel appliances, recessed lights, huge island with quartz countertop, under counter fridge and combo washer/dryer. New bath with tile, glass door. Private yard that is fenced in. Townhouse unit with lots of beams, fireplace, wood floors, modern kitchen & bath, 3 bedrooms. Updates include siding and windows (2018), roof (2016), 1 hot water heater (2019), and 2nd hot water heater (2022). OPEN HOUSE CANCELLED ON 8/13.SELLER HAS ACCEPTED AN OFFER.

Public Records & Permits

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Recently Sold Nearby

Property History

Market Insights

10.3%

Price Range

42

Total Days on Market

Property Timeline

Current Active Listing - MLS #73544671

Full transaction history available when tracking began

🏡

Currently Listed

Jul 5, 2026

$825,000

MLS #73544671 - Active

View Listing →

✓

Sold

Sep 22, 2023

$750,000

Property sold

Days on Market: 42

🏠

Listed for Sale

Jul 17, 2023

$739,900

Original listing

Agent: Dalina Fantini Office: RE/MAX Main St. Associates

Date	Event	Price	Change	$/sqft	Details
07/05/2026	🏡 Currently Listed	$825,000	-	-	MLS #73544671 - Active
09/22/2023	✓ Sold	$750,000	-	-	Property sold
07/17/2023	🏠 Listed for Sale	$739,900	-	-	Original listing

Tax History

Year	Taxes	Assessment
2023	$6,958	$556,200

Financial Details

Annual Property Tax

$6,958

Tax Year 2023

Assessed Value

$556,200

Facts & Features

Home Facts

Type Residential Income

Style Multi Family

Year Built 1850

Living Area 1,920 sq ft

Lot Size 0.06 acres

Bedrooms 5

Full Baths 2

Total Rooms 10

Investment Metrics

Units 2

Unit 1 Rent — · N

Unit 2 Rent $2,000/mo · Y

Total Monthly Rent $2,000/mo

Gross Income $24,000

Net Operating Income $24,000

Cap Rate 3.24%

Interior

Heating Natural Gas

Cooling None

Flooring Wood, Tile

Appliances Range, Dishwasher, Microwave, Refrigerator, Washer/dryer

Fireplace Wood Burning

Fireplaces 2

Basement Full, Concrete

Laundry None

Features Stone/granite/solid Counters, Upgraded Countertops, Bathroom With Shower Stall, Open Floorplan, Remodeled, Living Room, Kitchen, Dining Room

Exterior

Construction Frame

Architecture None

Roof Shingle

Features Rain Gutters, Garden

Pool None

Spa None

Fencing None

Patio/Porch Patio - Enclosed

Parking

Features Shared Driveway, Off Street

Total Spaces 3

Utilities

Electric Circuit Breakers

Water Public

Sewer Public Sewer

Gas None

Other For Gas Range

Financial

Annual Tax $6,958

Assessed Value $556,200

HOA & Community

Fee Includes None

Amenities None

Optional Fee Includes None

MA Disclosures

Seller Disclosures The Lease For Unit 2 Runs Until June 2024.

Additional Details

Possession None

Accepted Financing None

Structure Type []

House Color Blue

Sq Ft Source Public Record

Documents None

County Essex

Total market time (incl. prior listings) 42 days

Property Overview

Property Type

Multi Family

Listing Type

Sold

Year Built

1850

Bedrooms

5

Full Bathrooms

2

Living Area

1,920 sq ft

Total Rooms

10

Stories

3

Levels

3

Floor Layout

Interior Features

Flooring: Wood, Tile

Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer/Dryer

Interior Features: Stone/Granite/Solid Counters, Upgraded Countertops, Bathroom with Shower Stall, Open Floorplan, Remodeled, Living Room, Kitchen, Dining Room

Windows: Insulated Windows, Screens

Basement: Full, Concrete

Laundry:

Security:

Construction & Materials

Year Built: 1850

Structure Type:

Exterior Materials: Frame

Roof: Shingle

Foundation: Concrete Perimeter

Stories: 3

Heating, Cooling & Utilities

Heating: Natural Gas

Heating Zones: 2

Cooling:

Hot Water: Natural Gas

Water Source: Public

Sewer: Public Sewer

Energy Features:

Exterior & Lot

Exterior Features: Rain Gutters, Garden

Patio & Porch: Patio - Enclosed

Fencing:

Other Structures:

Lot Features: Easements

Road Surface:

Parking & Garage

Total Parking Spaces: 3

Parking Features: Shared Driveway, Off Street

Special Features

Fireplaces: 2

Fireplace Type: Wood Burning

Community Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, House of Worship, Private School, Public School, T-Station, University

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Location

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Neighborhood

46 1/2 Essex Street, Salem MA 01970

Salem, MA 01970

Contact Us

BMN Boston Real Estate

Douglas Elliman

(617) 955-2224 contact@bmnboston.com

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