393 Essex St
$1,875,000
6
Beds
6/1
Baths
5,345
Sqft
- Request Info
- Call
- Save
-
More
- Mortgage Calculator
Property Tools
$1,875,000
6
Beds
6/1
Baths
5,345
Living Area
-
Property Description
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.
-
Highlights
- Levels: 5
- Property Class: Residential Income
- Stories: 5
- Year Built: 1775
- Parking Spots: 8
- Property Type: 5+ Family - 5+ Units Up/Down
- Total Rooms: 17
- Status: Active
-
Additional Details
- Basement: Full
- Exclusions: Antique Framed Prints In The Common Hallway
- Foundation: Stone, Granite
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: B1
- Construction: Frame
- Fireplaces: 5
- Lot Features: Level
- Roof: Shingle
- Total Number of Units: 5
- Year Built Source: Public Records
-
Amenities
- Community Features: Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Highway Access, House of Worship, Public School, T-Station, University
- Parking Features: Off Street
-
Utilities
- Sewer: Public Sewer
- Water Source: Public
-
Fees / Taxes
- Assessed Value: $1,639,100
- Taxes: $17,669
- Tax Year: 2026
- Total Rent: $13,400
Similar Listings
Sold
4 Photos
Sold
10 Photos
Sold
29 Photos
Sold
42 Photos
Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Gibson Sotheby's International Realty.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.