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Under Agreement · PendingListed 44 days ago

$1,875,000

393 Essex St, Salem, MA 01970

6
beds
6.5
baths
5,345
sqft
Lot sizeThe land that comes with the home, as reported to the MLS.
9,030 sqft
Year builtThe year the building was originally built, as reported by the listing agent.
1775
On the marketDays since the home was listed. New listings tend to move fastest.
44 days ago
Property type
5+ Family - 5+ Units Up/Down
Price per sqftList price divided by interior living area — handy for comparing homes of different sizes.
$351
ParkingSpaces that come with the home, as reported to the MLS.
8 spaces
Annual taxesLast annual property tax bill reported to the MLS. A new owner's bill can differ.
$17,669

What’s Special

In Salem’s coveted McIntire Historic District, this grand mid-18th-century residence offers a rare marriage of historic character and turnkey investment potential. Sensitively converted into five residences and renovated to the studs in 2022, the property retains remarkable period details, including a graceful three-story Federal staircase, wainscoting and glorious paneled walls. Generating approximately $160K annually, it is equally compelling as a pure investment or for an owner who wants to live beautifully while four additional units offset carrying costs. The sprawling first-floor residence feels more like a private home, with two ensuite bedrooms, gracious living and dining rooms, original interior shutters, and a serious cook’s kitchen with an 8-burner commercial range and abundant wood and quartz counters. The dining room opens private yard with an intricate bluestone patio, generous lawn and private parking. Four additional one-bedroom apartments above offer strong rental appeal. Each unit has separately metered gas and electric, its own HVAC and hot water, while the building is fully sprinklered and fire monitored. All this less than 30 seconds from fabled Chestnut Street and moments from downtown Salem’s restaurants, shops and commuter rail.

Listing courtesy of Michael Selbst, Gibson Sotheby's International Realty · MLS PIN #73580463

Facts & Features

Status
Under Agreement
Active status flag
Pending
Bedrooms
6
Bathrooms
6 full, 1 half
Living area
5,345 sqft

Parking

1
  • Off Street

MLS PIN #73580463 · Listed September 21, 2026

Location

393 Essex St, Salem · All Salem homes

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.

Call (978) 809-1685

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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.