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INVESTMENT SNAPSHOT
About this property
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.
Property details
| Units | 7 |
| Living area | 4,997 sqft |
| Lot size | 5,123 sqft |
| Year built | 1815 |
| Price / sqft | $462 |
| County | Essex |
| MLS # | 73535855 |
Listing status
| Days on market | 27 days |
| Listed on | June 15, 2026 |
Taxes & financials
| Annual property tax | $17,770 |
| Tax year | 2025 |
| Assessed value | $1,363,000 |
| Zoning | B1 |
| Gross income (actual) | $197,850/yr |
| Net operating income (actual) | $163,594/yr |
| Total actual rent | $19,785/mo |
Building & lot
| Stories | 3 |
| Total rooms | 18 |
| Lot size | 0.12 acres |
| Garage spaces | 0 |
| Parking spaces | 6 |
| Parking | Off Street |
| Foundation | Concrete Perimeter, Block, Granite |
| Roof | Shingle, Slate, Rubber |
| Construction | Frame, Brick |
| Flooring | Wood, Hardwood |
Utilities & systems
| Heating | Baseboard, Natural Gas, Hot Water, Oil |
| Cooling | Window Unit(s) |
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Range, Dishwasher, Microwave, Refrigerator |
Location
More about investing in Salem →
Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 401 Essex, Salem MA 01970 have?
It is a 7-unit multi-family property with 4,997 sqft of living area, built in 1815.
How long has 401 Essex, Salem MA 01970 been on the market?
401 Essex, Salem MA 01970 has been listed for 27 days (since June 15, 2026).
What is the price per unit?
At a list price of $2,310,000 across 7 units, that works out to roughly $330,000 per unit.
What are the property taxes on 401 Essex, Salem MA 01970?
Annual property taxes are $17,770 (2025), on an assessed value of $1,363,000.
What is the price per square foot?
At $2,310,000 for 4,997 sqft, that's about $462 per square foot.
Is there parking?
6 total parking spaces (off street).
Where is this property located?
401 Essex, Salem MA 01970 is in Salem, Essex County, MA 01970.
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