364-366 Essex Street, Salem MA 01970

Salem, MA 01970
$2,200,000
Est. $13,144/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.

Adjust the payment calculator
10
Beds
9
Baths
7,033
Sq Ft
$313
Price/Sq Ft
0.13
Acres
1850
Year Built
4
Parking
29
Days on Market
Sale Pending Listed Aug 11, 2026 • MLS# 73561757 Copied! • Updated Sep 11, 2026

Track this home for price, status, and open-house alerts.

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.

BMN Estimate

Get the number an algorithm can't give you

A free agent CMA factors in condition, upgrades, and the street — the things comps alone can't see.

Recently Sold Nearby

Price & Status History

Market Insights

Property Timeline

📋
Status: Active under contract
Aug 28, 2026
Active → Active Under Contract
⏳
Pending Sale
Aug 28, 2026
Offer accepted, sale pending
🏠
Listed for Sale
Aug 11, 2026
$2,200,000
Original listing
Agent: Stephen Girolamo Office: Horvath & Tremblay

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
Stories 5
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%
Heating Oil
Cooling None
Flooring None
Appliances None
Fireplace None
Basement Partially Finished
Laundry None
Features None
Construction None
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features Off Street
Total Spaces 4
Electric Common, Individually Metered
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $21,830
Assessed Value $2,006,000
Fee Includes None
Amenities None
Optional Fee Includes None
Lead Paint Unknown
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Documents None
County Essex
Total market time (incl. prior listings) 31 days

Property Overview

Property Type
5-9 Family
Listing Type
Sale Pending
Year Built
1850
Bedrooms
10
Full Bathrooms
9
Living Area
7,033 sq ft
Total Rooms
26
Stories
5
Levels
5

Floor Layout

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

Utilities & Systems

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
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
E

Elementary Schools

9 schools
The Phoenix School
0.4 mi
Grades PK-08
The Greenhouse School
1.6 mi
Grades PK-08
C+
Saltonstall School
0.7 mi | #525 of 825 | Score: 43.9
Improved 43 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
0.9 mi | #340 of 825 | Score: 49.4
Improved 210 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
1.0 mi | #654 of 825 | Score: 38.1
Improved 67 spots from last year
-20.1 below state avg
320 students Diverse
Rising School Diverse Student Body
Grades PK-05
B-
Carlton School
1.0 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
B+
Bates School
1.0 mi | #319 of 825 | Score: 50.0
Improved 260 spots from last year
-8.2 below state avg
415 students Diverse
Rising School Diverse Student Body
Grades PK-05
C+
Bentley Academy Innovation School
1.3 mi | #531 of 825 | Score: 43.7
Improved 180 spots from last year
-14.5 below state avg
277 students Moderate
Rising School
Grades PK-05
Salem Early Childhood School
1.3 mi
107 students Diverse
Diverse Student Body
Grades PK
M

Middle Schools

1 school
B-
Collins Middle School
0.4 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
H

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
1.1 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
Learn about these ratings

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

Interest
Principal
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

Loading map...

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 Sep 11, 2026 3:05 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

Steve Novak Real Estate
Steve Novak Real Estate
BMN Boston Powered by SERHANT
Ask about this property — free, no obligation.

Similar Homes for Sale

Comparable Properties

Customize Comparable Search

Finding comparable properties...

Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

Loading market insights for Salem.