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.

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Basic Information

Gross Income $190,800
Lot Features Corner Lot
Mls StatusNew
Rent Includes Unit 1(Heat, Electric, Water, Hot Water), Unit 2(Heat, Electric, Water, Hot Water), Unit 3(Heat, Electric, Water, Hot Water), Unit 4(Heat, Electric, Water, Hot Water)
Road Frontage DescriptionPaved

Tax Information

Tax Assessed Value $2,006,000
Tax Year 2026
Taxes$21,830

Parking

Parking Features Off Street
Parking Spaces4

Rooms

Bathroom9
Bathrooms Total Decimal 9
Bedrooms10
Full Bath9

Basic Information

List Price$2,200,000
MLS Number73561757
Modification Date08/11/2026
Property SubType5-9 Family

Location

Address364-366 Essex Street
Building Number364-366
CountyEssex
StateMA
StreetEssex Street
TownSalem
Zip01970

Building

BasementPartially Finished
Building Area Units Square Feet
FoundationOther
Levels 5
Rooms26
Stories5
Units9
Year Built1850
Year Built Details Approximate
Year Built Source Public Records

Property

Acreage0.13

Exterior

RoofShingle

Utilities

Electric Common, Individually Metered
Electric Expense 7591
Heat SystemYes
Heating Oil
Sewer Public Sewer
Water Source Public

Property Information

Building Area Source Public Records
Living Area 7,033
Lot Size Square Feet 5,662
Lot Size Units Acres
Square Feet7,033

Amenities

Amenities
- Bike Path
- Conservation Area
- Golf
- Highway Access
- House of Worship
- Laundromat
- Marina
- Medical Facility
- Other
- Park
- Pool
- Private School
- Public School
- Public Transportation
- Shopping
- Stable(s)
- T-Station
- Tennis Court(s)
- University
- Walk/Jog Trails
Other AmenitiesBasement, Golf, Tennis

Water Body

Miles to Beach1
Waterfront Features Harbor,1/2 to 1 Mile To Beach, Beach Ownership(Other (See Remarks))

Legal

ZoningR2

Other

Date Listed08/11/2026
Farm Land Area Units Square Feet

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Newton, MA