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401 Essex, Salem MA 01970

Salem, MA 01970
$2,500,000
Est. $14,322/month
9
Beds
7
Baths
4,997
Sq Ft
$500
Price/Sq Ft
0.12
Acres
1815
Year Built
6
Parking
21
Days on Market
Active Listed Jun 15, 2026 • MLS# 73535855 Copied! • Updated Jun 19, 2026

About this home

Unique opportunity to own the historic Captain Nathaniel Osgood House, an elegant brick seven-family property built in 1815 and prominently situated within Salem's highly sought-after McIntire District. Rich in period charm and architectural character, the property consists of three (3) one-bedroom units, one (1) two-bedroom unit, and two (2) spacious one-plus-bedroom units. Each units showcases beautiful antique fireplaces, hardwood flooring, and an abundance of original historic detail.The building has been thoughtfully renovated throughout with granite countertops, stainless steel appliances, new bathrooms, efficient Navien heating systems, and updated electrical service. The property offers off-street parking for up to six vehicles. Adding to its appeal is a detached two-story carriage house located at the rear of the property, providing additional income. All tenants pay heat, HW and electric. Please see attached PDF for a rent roll and expenses.

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Property History

Property Timeline

🏠
Listed for Sale
Jun 15, 2026
$2,500,000
Original listing
Agent: Francesca Little Office: Little & Co., REALTORS®

Tax History

Year Taxes Assessment
2025 $17,770 $1,363,000

Financial Details

Annual Property Tax
$17,770
Tax Year 2025
Assessed Value
$1,363,000

Facts & Features

Home Facts

Type Residential Income
Style 5-9 Family
Year Built 1815
Living Area 4,997 sq ft
Lot Size 0.12 acres
Bedrooms 9
Full Baths 7
Total Rooms 18

Investment Metrics

Units 7
Unit 1 Rent $2,200/mo · Y
Unit 2 Rent $2,500/mo · Y
Unit 3 Rent $2,300/mo · Y
Total Monthly Rent $7,000/mo
Gross Income $197,850
Net Operating Income $163,594
Operating Expenses $49,797
Cap Rate 6.54%
Heating Baseboard, Natural Gas, Hot Water, Oil
Cooling Window Unit(s)
Flooring Wood, Hardwood
Appliances Range, Dishwasher, Microwave, Refrigerator
Fireplace None
Fireplaces 6
Basement None
Laundry None
Features Stone/granite/solid Counters, Upgraded Cabinets, Upgraded Countertops, Bathroom With Shower Stall, Remodeled, Living Room, Kitchen
Construction Frame, Brick
Architecture None
Roof Shingle, Slate, Rubber
Features Balcony/deck
Pool None
Spa None
Fencing None
Patio/Porch None
Features Off Street
Total Spaces 6
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $17,770
Assessed Value $1,363,000
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Other
Documents None
County Essex
Total market time (incl. prior listings) 4 days

Property Overview

Property Type
5-9 Family
Listing Type
For Sale
Year Built
1815
Bedrooms
9
Full Bathrooms
7
Living Area
4,997 sq ft
Total Rooms
18
Stories
3
Levels
3

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring: Wood, Hardwood
Appliances: Range, Dishwasher, Microwave, Refrigerator
Interior Features: Stone/Granite/Solid Counters, Upgraded Cabinets, Upgraded Countertops, Bathroom with Shower Stall, Remodeled, Living Room, Kitchen
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1815
Structure Type:
Exterior Materials: Frame, Brick
Roof: Shingle, Slate, Rubber
Foundation: Concrete Perimeter, Block, Granite
Stories: 3

Heating, Cooling & Utilities

Heating: Baseboard, Natural Gas, Hot Water, Oil
Cooling: Window Unit(s)
Hot Water: Oil, Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Balcony/Deck
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Corner Lot
Road Surface:

Parking & Garage

Total Parking Spaces: 6
Parking Features: Off Street

Special Features

Fireplaces: 6
Fireplace Type:
Community Amenities: Public Transportation, Shopping, Medical Facility, Highway Access, Public School, T-Station

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 $1,481
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

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Neighborhood

401 Essex, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Francesca Little
Listing Office Little & Co., REALTORS®
Office Phone 978-745-4447
Agent MLS ID CN234756
Office MLS ID C67600
Listing Data Updated Jun 19, 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.

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Steven Novak
Steven Novak
BMN Boston Real Estate
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BMN Boston Real Estate

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