393 Essex St, Salem, MA 01970
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393 Essex St, Salem, MA 01970
393 Essex St, Salem, MA 01970
393 Essex St, Salem, MA 01970
393 Essex St, Salem, MA 01970
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Blake Sherwood

Blake Sherwood

+1(617) 833-0036
$ 1,875,000
Est. payment /mo
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Open Sat 11AM-12:30PM

393 Essex St Salem, MA 01970

6 Beds

6.5 Baths

5,345 SqFt

Open House

Sat Sep 26, 11:00am - 12:30pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 5,345 sqft

Price per Sqft $350

MLS Listing ID 73580463

Bedrooms 6

Full Baths 6

Half Baths 1

Year Built 1775

Annual Tax Amount $17,669

Tax Year 2026

Lot Size 9,147 Sqft

Acres 0.21

Property Sub-Type 5+ Family - 5+ Units Up/Down

Property Description

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.

Location

State MA

County Essex

Zoning B1

Direction use GPS

Rooms

Basement Full

Interior

Fireplaces Number 5

Exterior

Fence Fenced

Community Features Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Highway Access, House of Worship, Public School, T-Station, University

Roof Type Shingle

Total Parking Spaces 8

Garage No

Building

Lot Description Level

Story 5

Foundation Stone, Granite

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by Gibson Sotheby's International Realty
Blake Sherwood

Blake Sherwood

Team Lead, Associate Broker License ID: 9579006

+1(617) 833-0036

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393 Essex St