364-366 Essex Street, Salem MA 01970
Salem, MA 01970
$2,200,000
Est. $13,144/month
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About this home
364-366 Essex Street contains one (1) 2-Bedroom/1-Bathroom unit, five (5) 1-Bedroom/1-Bathroom units, one (1) 2-Room Studio unit, and two (2) Studio units with 7,033 square feet of gross living area in 9,044 square feet of gross area. The Property is situated upon a 0.13-acre parcel and features four (4) off-street parking spaces. Located in the heart of downtown Salem, 364-366 Essex Street benefits from one of the North Shore's most desirable apartment markets, supported by a diverse employment base, exceptional walkability, and year-round visitor activity. The Landlord is responsible for providing oil powered heat & electric powered hot water to both buildings. The Landlord provides common area electricity to both buildings, as well as unit electric to 364 Essex, while Tenants at 366 Essex pay their own unit electric. The Landlord is responsible for providing city water & sewer to all units. The opportunity exists to acquire a well-maintained asset in a desirable North Shore location.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Aug 11, 2026
$2,200,000
Original listing
Agent: Stephen Girolamo
Office: Horvath & Tremblay
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/11/2026 | 🏠 Listed for Sale | $2,200,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $21,830 | $2,006,000 |
Financial Details
Annual Property Tax
$21,830
Tax Year 2026
Assessed Value
$2,006,000
Facts & Features
Home Facts
Type
Residential Income
Style
5-9 Family
Year Built
1850
Living Area
7,033 sq ft
Lot Size
0.13 acres
Bedrooms
10
Full Baths
9
Total Rooms
26
Investment Metrics
Units
9
Unit 1 Rent
$1,050/mo · N
Unit 2 Rent
$1,900/mo · N
Unit 3 Rent
$950/mo · N
Unit 4 Rent
$1,900/mo · N
Total Monthly Rent
$5,800/mo
Gross Income
$190,800
Net Operating Income
$124,573
Operating Expenses
$66,227
Water/Sewer Expense
$3,183
Electric Expense
$7,591
Insurance Expense
$5,641
Cap Rate
5.66%
Interior
Heating
Oil
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
Partially Finished
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Off Street
Total Spaces
4
Utilities
Electric
Common, Individually Metered
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$21,830
Assessed Value
$2,006,000
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Essex
Property Overview
Property Type
5-9 Family
Listing Type
For Sale
Year Built
1850
Bedrooms
10
Full Bathrooms
9
Living Area
7,033 sq ft
Total Rooms
26
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
7,033 sq ft above grade
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:
Partially Finished
Laundry:
Security:
Construction & Materials
Year Built:
1850
Structure Type:
Exterior Materials:
Roof:
Shingle
Foundation:
Other
Stories:
5
Heating, Cooling & Utilities
Heating:
Oil
Cooling:
Hot Water:
Electric
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Corner Lot
Road Surface:
Paved
Parking & Garage
Total Parking Spaces:
4
Parking Features:
Off Street
Nearby Schools
School information not available for this location.
Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
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
$1,819
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
Save $0/mo
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
364-366 Essex Street, Salem MA 01970
Salem, MA 01970
Listing Information
Listing Agent
Stephen Girolamo
Listing Office
Horvath & Tremblay
Office Phone
781-776-4000
Agent MLS ID
CN227795
Office MLS ID
AN2723
Listing Data Updated
Aug 11, 2026 8:51 AM 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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