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.
Listing last checked: Listing updated:
Listed by Stephen Girolamo · Horvath & Tremblay · MLS #73561757
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Details at a glance
Interior3 property facts
- Rooms
- 26
- Heating
- Oil
- Basement
- Yes · Partially Finished
Building5 property facts
- Style
- 5-9 Family
- Year built
- 1850
- Parking
- 4
- Foundation
- Other
- Roof
- Shingle
Land & utilities5 property facts
- Lot size
- 0.13 acres
- Water
- Public
- Sewer
- Public Sewer
- Pool
- Not reported
- Zoning
- R2
Financial2 property facts
- Annual taxes
- $21,830
- Assessment year
- 2026
Location
Estimated monthly cost
Explore costs at the $2,200,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$12,944 / monthAdjust
- Principal & interest
- $11,124
- Property tax
- $1,819
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $21,830. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
More property insights
Automated value estimate $2,132,599
Estimated range $1,963,053–$2,302,144.
Automated estimates are not appraisals or guarantees of market value.
Request a professional market analysisPhoto-based condition insights
Overall presentation: below average
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About 364-366 Essex Street
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