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INVESTMENT SNAPSHOT
About this property
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.
Property details
| Units | 9 |
| Living area | 7,033 sqft |
| Lot size | 5,662 sqft |
| Year built | 1850 |
| Price / sqft | $313 |
| County | Essex |
| MLS # | 73561757 |
Listing status
| Days on market | 0 days |
| Listed on | August 11, 2026 |
Taxes & financials
| Annual property tax | $21,830 |
| Tax year | 2026 |
| Assessed value | $2,006,000 |
| Zoning | R2 |
| Gross income (actual) | $190,800/yr |
| Net operating income (actual) | $124,573/yr |
| Total actual rent | $15,900/mo |
| Electric expense | $7,591/yr |
| Insurance expense | $5,641/yr |
Building & lot
| Stories | 5 |
| Total rooms | 26 |
| Lot size | 0.13 acres |
| Garage spaces | 0 |
| Parking spaces | 4 |
| Parking | Off Street |
| Basement | Partially Finished |
| Foundation | Other |
| Roof | Shingle |
Utilities & systems
| Heating | Oil |
| Sewer | Public Sewer |
| Water | Public |
Location
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Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 364-366 Essex Street, Salem MA 01970 have?
It is a 9-unit multi-family property with 7,033 sqft of living area, built in 1850.
How long has 364-366 Essex Street, Salem MA 01970 been on the market?
364-366 Essex Street, Salem MA 01970 has been listed for 0 days (since August 11, 2026).
What is the price per unit?
At a list price of $2,200,000 across 9 units, that works out to roughly $244,444 per unit.
What are the property taxes on 364-366 Essex Street, Salem MA 01970?
Annual property taxes are $21,830 (2026), on an assessed value of $2,006,000.
What is the price per square foot?
At $2,200,000 for 7,033 sqft, that's about $313 per square foot.
Is there parking?
4 total parking spaces (off street).
Where is this property located?
364-366 Essex Street, Salem MA 01970 is in Salem, Essex County, MA 01970.
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