Discover a fantastic investment opportunity with this beautiful two-family home conveniently located near Salem’s vibrant shops, restaurants, and cultural attractions. Enjoy easy access to public transportation and major roadways, making this property a highly desirable location for tenants and homeowners alike. The first-floor unit boasts high ceilings, a recently renovated kitchen and bath, radiant floor heating, and modern appliances. The second floor offers two comfortable bedrooms and a newer kitchen. The partially finished third floor adds versatility with its four additional rooms. Set on a generous quarter acre lot with potential for significant expansion, this property combines contemporary upgrades with future growth possibilities. Enjoy the benefits of passive income with the potential for strong rental yields from the well-maintained units. Current owners have been using the second floor unit as a Airbnb grossing 50k/year.
Sold for $1,200,000
$1,200,000
73 Essex St, Salem, MA 01970
8beds
3,359sqft
Multi Family
Built in 1850
-- sqft lot
$1,180,700 Zestimate®
$357/sqft
$3,235 Estimated rent
Home value
$1,180,700
$1.11M - $1.25M
$3,235/mo
Zestimate® history
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$7,483/mo
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Zillow last checked:
Listing updated:
Listed by:
Francesca Little 978-973-7277,
Little & Co., REALTORS® 978-745-4447,
Francesca Little 978-973-7277
Bought with:
Amy Frizzi
Ivy Realty Group
Source: MLS PIN,MLS#: 73273671
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Natural Gas
Appliances
- Included: Range, Dishwasher, Refrigerator, Washer, Dryer
Features
- Living Room, Kitchen
- Flooring: Wood
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 3,359
- Total interior livable area: 3,359 sqft
Property
Parking
- Total spaces: 3
- Parking features: Off Street
- Uncovered spaces: 3
Features
- Patio & porch: Porch
- Has view: Yes
- View description: Water, Harbor, Ocean, Public Water View
- Has water view: Yes
- Water view: Harbor,Ocean,Public,Water
- Waterfront features: Ocean, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
Lot
- Size: 0.26 Acres
- Features: Other
Details
- Parcel number: 2136778
- Zoning: R2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Stone, Brick/Mortar
- Roof: Shingle,Rubber
Condition
- Year built: 1850
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Public Transportation, Shopping, Park, Highway Access
Location
- Region: Salem
Financial & listing details
- Price per square foot: $357/sqft
- Tax assessed value: $782,200
- Annual tax amount: $9,089
- Date on market: 1/6/2026
- Total actual rent: 4100
Price history
| Date | Event | Price |
|---|---|---|
| 9/27/2024 | Sold | $1,200,000-7.7%$357/sqft |
Source: MLS PIN #73273671 Report a problem | ||
| 8/15/2024 | Contingent | $1,300,000$387/sqft |
Source: MLS PIN #73273671 Report a problem | ||
| 8/5/2024 | Listed for sale | $1,300,000+250.4%$387/sqft |
Source: MLS PIN #73273671 Report a problem | ||
| 10/2/2012 | Sold | $371,000-7.2%$110/sqft |
Source: Public Record Report a problem | ||
| 7/2/2012 | Listing removed | $399,900$119/sqft |
Source: Tache Real Estate Report a problem | ||
| 6/1/2012 | Listed for sale | $399,900+433.2%$119/sqft |
Source: Tache Real Estate Report a problem | ||
| 1/28/1999 | Sold | $75,000+484.7%$22/sqft |
Source: Public Record Report a problem | ||
| 3/10/1989 | Sold | $12,828$4/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,780 +7.6% | $862,400 +10.3% |
| 2024 | $9,089 +2.6% | $782,200 +10.4% |
| 2023 | $8,861 | $708,300 |
| 2022 | $8,861 +5.3% | $708,300 +16.1% |
| 2021 | $8,419 +5% | $610,100 +9.9% |
| 2020 | $8,021 +2.3% | $555,100 +6.9% |
| 2019 | $7,841 +9.4% | $519,300 +11.5% |
| 2018 | $7,166 +5.7% | $465,900 +9% |
| 2017 | $6,779 +6.9% | $427,400 +5.7% |
| 2016 | $6,339 +4% | $404,500 +8.9% |
| 2015 | $6,098 +11.9% | $371,600 +14.1% |
| 2014 | $5,449 +8.9% | $325,700 +1.7% |
| 2012 | $5,003 -3.3% | $320,100 -6.9% |
| 2011 | $5,174 +0.5% | $343,800 -6.5% |
| 2010 | $5,150 -3% | $367,600 -10.5% |
| 2009 | $5,308 +1.4% | $410,800 -8.4% |
| 2008 | $5,234 -0.6% | $448,500 -8.2% |
| 2007 | $5,263 +5.6% | $488,700 +10% |
| 2006 | $4,982 +3.1% | $444,400 +4.6% |
| 2005 | $4,834 +5% | $424,800 +8% |
| 2004 | $4,606 +23.1% | $393,300 +35.3% |
| 2003 | $3,741 +17.6% | $290,700 +23.6% |
| 2002 | $3,181 +15.5% | $235,100 +29.5% |
| 1999 | $2,755 +50.2% | $181,600 +25.2% |
| 1994 | $1,834 | $145,000 |
Find assessor info on the county website
Neighborhood: 01970
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Nearby schools
GreatSchools rating
- 5/10Carlton Elementary SchoolGrades: K-5Distance: 0.7 mi
- 5/10Saltonstall SchoolGrades: K-8Distance: 0.7 mi
- NASalem Prep High SchoolGrades: 9-12Distance: 0.3 mi
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Estimated market value
$1,180,700
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Estimated market value
$1,180,700
- Massachusetts
- Essex County
- Salem
- 01970
- 73 Essex St
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