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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.

More Info

Basic Information

  • Gross Income $160,800
  • Lot Features Level
  • Mls StatusNew
  • Parcel Number M:0025 B:0200 L:0000,4078633

Location

  • Address393 Essex Street
  • Building Number393
  • CountyEssex
  • StateMA
  • StreetEssex Street
  • TownSalem
  • Zip01970

Utilities

  • Electric Expense 750
  • Sewer Public Sewer
  • Water Source Public

Amenities

  • Amenities
    • Highway Access
    • House of Worship
    • Medical Facility
    • Public School
    • Public Transportation
    • Shopping
    • T-Station
    • University
    • Walk/Jog Trails
  • Other AmenitiesBasement, Fireplace

Other

  • Date Listed09/21/2026
  • Farm Land Area Units Square Feet

Tax Information

  • Tax Assessed Value $1,639,100
  • Tax Year 2026
  • Taxes$17,669

Basic Information

  • List Price$1,875,000
  • MLS Number73580463
  • Modification Date09/21/2026
  • Property SubType5+ Family - 5+ Units Up/Down

Property

  • Acreage0.21

Exterior

  • Fencing Fenced
  • RoofShingle

Property Information

  • Building Area Source Public Records
  • Living Area 5,345
  • Lot Size Square Feet 9,030
  • Lot Size Units Acres
  • Square Feet5,345

Parking

  • Parking Features Off Street
  • Parking Spaces8

Rooms

  • Bathroom7
  • Bathrooms Total Decimal 6.5
  • Bedrooms6
  • Full Bath6
  • Half Baths1

Building

  • BasementFull
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FireplaceYes
  • Fireplaces Total 5
  • FoundationStone, Granite
  • Levels 5
  • Rooms17
  • Stories5
  • Units5
  • Year Built1775
  • Year Built Details Approximate
  • Year Built Source Public Records

Map Location

Listed by Michael Selbst of Gibson Sotheby's International Realty

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. 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 or leasing 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 or leasing. MLSPIN 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.

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