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.
For sale
Price cut: $190K (7/8)
$2,310,000
401 Essex St, Salem, MA 01970
9beds
4,997sqft
5-9 Family
Built in 1815
-- sqft lot
$-- Zestimate®
$462/sqft
$-- HOA
What's special
Efficient navien heating systemsElegant brick seven-family propertyNew bathroomsGranite countertopsThoughtfully renovated throughoutHardwood flooringStainless steel appliances
- 69 days |
- 708 |
- 24 |
Zillow last checked:
Listing updated:
Listed by:
Francesca Little 978-973-7277,
Little & Co., REALTORS® 978-745-4447,
Francesca Little 978-973-7277
Source: MLS PIN,MLS#: 73535855
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 7
- Full bathrooms: 7
Heating
- Baseboard, Natural Gas, Hot Water, Oil
Cooling
- Window Unit(s)
Appliances
- Included: Range, Dishwasher, Microwave, Refrigerator
Features
- Stone/Granite/Solid Counters, Upgraded Cabinets, Upgraded Countertops, Bathroom with Shower Stall, Remodeled, Living Room, Kitchen
- Flooring: Wood, Hardwood
- Has basement: No
- Number of fireplaces: 6
Interior area
- Total structure area: 4,997
- Total interior livable area: 4,997 sqft
- Finished area above ground: 4,997
Property
Parking
- Total spaces: 6
- Parking features: Off Street
- Uncovered spaces: 6
Features
- Exterior features: Balcony/Deck
Lot
- Size: 5,123 Square Feet
- Features: Corner Lot
Details
- Parcel number: 4078635
- Zoning: B1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5-9 Family
Materials
- Frame, Brick
- Foundation: Concrete Perimeter, Block, Granite
- Roof: Shingle,Slate,Rubber
Condition
- Year built: 1815
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Public Transportation, Shopping, Medical Facility, Highway Access, Public School, T-Station
Location
- Region: Salem
Financial & listing details
- Price per square foot: $462/sqft
- Tax assessed value: $1,363,000
- Annual tax amount: $17,770
- Date on market: 6/15/2026
- Total actual rent: 19785
Estimated market value
Not available
Estimated sales range
Not available
$2,639/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/8/2026 | Price change | $2,310,000-7.6%$462/sqft |
Source: MLS PIN #73535855 Report a problem | ||
| 6/15/2026 | Listed for sale | $2,500,000+117.4%$500/sqft |
Source: MLS PIN #73535855 Report a problem | ||
| 6/25/2025 | Listing removed | $2,900$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/13/2025 | Listed for rent | $2,900+7.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/14/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 7/12/2023 | Listed for rent | $2,700$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/2/2022 | Sold | $1,150,000-4.2%$230/sqft |
Source: MLS PIN #72885832 Report a problem | ||
| 11/21/2021 | Contingent | $1,200,000$240/sqft |
Source: MLS PIN #72885832 Report a problem | ||
| 11/10/2021 | Listed for sale | $1,200,000$240/sqft |
Source: MLS PIN #72885832 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $1,363,000 +14.6% |
| 2024 | -- | $1,189,100 +10.1% |
| 2023 | -- | $1,080,500 |
| 2022 | -- | $1,080,500 +26.3% |
| 2021 | -- | $855,700 +10.9% |
| 2020 | -- | $771,800 +15.2% |
| 2019 | -- | $669,900 +12.2% |
| 2018 | $9,771 | $597,200 +3.4% |
| 2017 | $9,771 | $577,800 +3.5% |
| 2016 | $9,771 | $558,000 +1.9% |
| 2015 | $9,771 | $547,400 -0.4% |
| 2011 | -- | $549,700 -3.6% |
| 2010 | -- | $570,500 -7.7% |
| 2009 | -- | $618,100 -1.9% |
| 2008 | -- | $629,800 -0.5% |
| 2007 | -- | $633,100 +13.7% |
| 2006 | -- | $557,000 +3.4% |
| 2005 | -- | $538,800 +7.7% |
| 2004 | -- | $500,400 +32.5% |
| 2003 | -- | $377,700 +5.8% |
| 2002 | -- | $356,900 +50.1% |
| 1999 | $3,607 +25.5% | $237,800 +4.7% |
| 1994 | $2,874 | $227,200 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 01970
Nearby schools
GreatSchools rating
- 5/10Saltonstall SchoolGrades: K-8Distance: 0.8 mi
- NASalem Prep High SchoolGrades: 9-12Distance: 0.7 mi
- 6/10Collins Middle SchoolGrades: 6-8Distance: 0.3 mi
- $--1 bd1 ba700 sqft401 Essex St #2L, Salem, MA 01970Off Market
- $--2 bd1 ba750 sqft401 Essex St #1, Salem, MA 01970Off Market
- $--1 bd1 ba750 sqft401 Essex St #2, Salem, MA 01970Off Market
- $--1 bd1 ba750 sqft401 Essex St #3, Salem, MA 01970Off Market
- $--1 bd1 ba700 sqft401 Essex St #6, Salem, MA 01970Off Market
- $1,418,6009 bd6 ba5.6k sqft397 Essex St, Salem, MA 01970Off Market
- $626,0003 bd2 ba1.2k sqft4 S Pine St, Salem, MA 01970Sold
- $583,2002 bd2 ba1.2k sqft4 S Pine St #R, Salem, MA 01970Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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