46 1/2 Essex St, Salem MA 01970
Salem, MA 01970
$825,000
Est. $5,057/month
About this home
The perfect blend of historic Salem meeting modern living at a cost that make too much sense not to look into acquiring this lovely home. With easy access to the Salem Commons, Downtown, Collins Cove and the Willows and everything else Salem has to offer.This property features a 1st floor unit with a modern kitchen and bath. /it has two bedrooms and a living room that has a working fireplace. The 2nd unit has three bedrooms , a large living and dining area and an eat in kitchen. It has an inviting fenced in yard great for entertaining and cookouts. It has 4 parking spots. Come Unit 1 will be delivered vacant. Unit 2 has a lease until 6/30/27 check out this gem.Use 44 Essex st for your GPS. Home is located in rear take the driveway to the back parking lot.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Jul 5, 2026
$825,000
Original listing
Agent: Donald Hardy
Office: eXp Realty LLC
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/05/2026 | 🏠 Listed for Sale | $825,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $8,227 | $738,000 |
Financial Details
Annual Property Tax
$8,227
Tax Year 2026
Assessed Value
$738,000
Facts & Features
Home Facts
Type
Residential Income
Style
Multi Family
Year Built
1850
Living Area
1,920 sq ft
Lot Size
0.0000
Bedrooms
5
Full Baths
2
Total Rooms
19
Investment Metrics
Units
2
Unit 1 Rent
— · N
Unit 2 Rent
$3,000/mo · Y
Total Monthly Rent
$3,000/mo
Gross Income
$36,000
Net Operating Income
$36,000
Cap Rate
4.36%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Fireplaces
2
Basement
Full
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Paved Drive, Off Street
Utilities
Electric
110 Volts
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$8,227
Assessed Value
$738,000
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Seller Has Not Lived In The Property
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Essex
Total market time (incl. prior listings)
4 days
Property Overview
Property Type
Multi Family
Listing Type
For Sale
Year Built
1850
Bedrooms
5
Full Bathrooms
2
Living Area
1,920 sq ft
Total Rooms
19
Stories
3
Levels
3
Room Details
Interactive room guide
Floor Layout
Finished Area
1,920 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.
Other Floor
Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Full
Laundry:
Security:
Construction & Materials
Year Built:
1850
Structure Type:
Exterior Materials:
Roof:
Foundation:
Stone
Stories:
3
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Level
Road Surface:
Parking & Garage
Parking Features:
Paved Drive, Off Street
Special Features
Fireplaces:
2
Fireplace Type:
Community Amenities:
Nearby Schools
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
Elementary Schools
9 schools
The Phoenix School
1.2 mi
Grades PK-08
The Greenhouse School
1.9 mi
Grades PK-08
C+
Bentley Academy Innovation School
0.5 mi
|
#568 of 824
|
Score: 42.3
Improved 143 spots from last year
-16 below state avg
286 students
Moderate
Rising School
Grades PK-05
Salem Early Childhood School
0.5 mi
106 students
Diverse
Diverse Student Body
Grades PK
B-
Carlton School
0.6 mi
|
#468 of 824
|
Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students
Diverse
Grades K-05
B-
Saltonstall School
0.8 mi
|
#460 of 824
|
Score: 45.8
Improved 108 spots from last year
-12.4 below state avg
412 students
Diverse
Rising School
Grades K-05
B+
Bates School
1.3 mi
|
#325 of 824
|
Score: 50.0
Improved 254 spots from last year
-8.2 below state avg
410 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
C-
Horace Mann Laboratory School
1.7 mi
|
#671 of 824
|
Score: 37.4
Improved 50 spots from last year
-20.8 below state avg
293 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
B
Witchcraft Heights School
1.8 mi
|
#388 of 824
|
Score: 48.1
Improved 162 spots from last year
-10.1 below state avg
455 students
Diverse
Rising School
Diverse Student Body
Grades K-05
Middle Schools
1 school
C+
Collins Middle School
1.2 mi
|
#219 of 352
|
Score: 39.5
Improved 60 spots from last year
-18.7 below state avg
611 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
High Schools
2 schools
B+
Salem Academy Charter School
0.5 mi
|
#139 of 346
|
Score: 56.7
Improved 97 spots from last year
-1.5 below state avg
480 students
Diverse
10 sports
• 568 athletes
High Graduation Rate
Rising School
College Ready Curriculum
Grades 06-12
B
Salem High School
1.8 mi
|
#144 of 346
|
Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 students
Diverse
18 sports
• 1,080 athletes
Early College Program
Career Tech Programs
College Ready Curriculum
Strong Athletics
Grades 09-12
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Monthly Payment
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Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$686
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
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Rate Impact
-0.5% Rate
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Current Rate
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+0.5% Rate
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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
46 1/2 Essex St, Salem MA 01970
Salem, MA 01970
Listing Information
Listing Agent
Donald Hardy
Listing Office
eXp Realty LLC
Office Phone
888-854-7493
Agent MLS ID
CN200123
Office MLS ID
AN6820
Listing Data Updated
Jul 9, 2026 1:33 PM 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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