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401 EssexSalem, MA 01970

For Sale

$2,500,000

Smart Buyer Rebate $12,500

Unique opportunity to own the historic Captain Nathaniel Osgood House, an elegant brick six-family property (plus carriage house) 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.

Listed by Francesca Little

·

Little & Co., REALTORS®

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978-973-7277

Last updated June 15, 2026

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Source: MLSPin #73535855

Listing Facts

  • TypeMulti-family
  • NeighborhoodSouth Salem
  • Bedrooms9
  • Bathrooms7
  • Days on PrevuNew Today
  • Taxes$17,770/year
  • Size4,997 sqft
  • Price per sqft$500

Amenities

  • Dishwasher
  • Parking

Location

Mortgage Calculator

Listing History

06/15/2026
Listed by Little & Co., REALTORS®
$2,500,000

Property Details for 401 Essex

Association

Amenities

  • Community Features: Public Transportation, Shopping, Medical Facility, Highway Access, Public School, T-Station

Exterior

Construction

  • Number Of Units Total: 7
  • Roof: Shingle, Slate, Rubber
  • Stories: 3
  • Stories Total: 3
  • Year Built: 1815
  • Year Built Details: Actual
  • Construction Materials: Frame, Brick
  • Exterior Features: Balcony/Deck

Measurements

  • Building Area Total: 4,997
  • Building Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.12
  • Lot Size Area: 0
  • Lot Size Square Feet: 5,123
  • Lot Size Units: Acres

Financial

Residential Income

  • Gross Income: $197,850.00
  • Operating Expense: $49,797.00

Taxes

  • Parcel Number: 4078635
  • Tax Annual Amount: $17,770.00
  • Tax Assessed Value: $1,363,000.00
  • Tax Year: 2025

Interior

Features

  • Appliances: Range, Dishwasher, Microwave, Refrigerator
  • Fireplace: Yes
  • Fireplaces Total: 6
  • Flooring: Wood, Hardwood
  • Interior Features: Stone/Granite/Solid Counters, Upgraded Cabinets, Upgraded Countertops, Bathroom With Shower Stall, Remodeled, Living Room, Kitchen

Measurements

  • Living Area: 4,997
  • Living Area Source: Other

Rooms

  • Bathrooms Full: 7
  • Bathrooms Total Integer: 7
  • Bedrooms Total: 9
  • Rooms Total: 18

Parking

Parking

  • Open Parking Spaces: 6
  • Parking Features: Off Street
  • Parking Total: 6

Utilities

Equipment

  • Cooling: Window Unit(s)
  • Has Cooling: Yes
  • Heating: Baseboard, Natural Gas, Hot Water, Oil
  • Has Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this multi-family home have?

There are 9 bedrooms and 7 bathrooms in this multi-family home at 401 Essex.

Does this multi-family home have parking?

Yes, there are 6 parking spaces available for 401 Essex.

What are the annual taxes for 401 Essex?

Annual taxes for this multi-family home are estimated at $17,770.

How does 401 Essex compare to other multi-family homes in South Salem?

This multi-family home is listed 28% above the average price for multi-family homes in South Salem and has been on the market for 19 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 4,997 sqft.

401 Essex is a 9-bedroom, 7-bath multi-family home for sale in Salem MA 01970. On Prevu for 0 days at $2,500,000. This home features 4,997 square feet of living space, located in South Salem. The median listing price for multi-family homes in this area is $594,950. Property amenities include dishwasher and parking. View other multi-family home listings in Salem.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.