5-9 Family at 364-366 Essex Street, Salem MA 01970, Salem
5-9 Family at 364-366 Essex Street, Salem MA 01970, Salem, photo 2 of 24
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5-9 Family at 364-366 Essex Street, Salem MA 01970, Salem, photo 4 of 24
5-9 Family at 364-366 Essex Street, Salem MA 01970, Salem, photo 5 of 24
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5-9 Family at 364-366 Essex Street, Salem MA 01970, Salem, photo 8 of 24
5-9 Family at 364-366 Essex Street, Salem MA 01970, Salem, photo 9 of 24
5-9 Family at 364-366 Essex Street, Salem MA 01970, Salem, photo 10 of 24
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5-9 Family at 364-366 Essex Street, Salem MA 01970, Salem, photo 24 of 24
24 photos

$2,200,000

364-366 Essex Street, Salem MA 01970
Salem, MA 01970
Listed by Stephen Girolamo
Bedrooms
10
Bathrooms
9
Living area
7,033 sqft
Year built
1850

About this home

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

MLS #
73561757
Property type
5-9 Family
Subdivision
N/A
Status
Active
Days on market
45
On market date
August 11, 2026
Stories
5
Total bathrooms
9
Garage spaces
N/A
Parking spaces
4
Lot size
0.13 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Saltonstall School
0.74 mi away · Grades 0-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
378
Student:teacher ratio
10.5:1
District
Salem
Middle
Collins Middle
0.44 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
633
Student:teacher ratio
11.1:1
District
Salem
High
New Liberty Innovation School
0.49 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
54
Student:teacher ratio
13.5:1
District
Salem

Walkability

Blended score for Salem's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

93
Highly walkable
out of 100
EPA National Walkability Index
17.5 / 20 -- Most walkable
Nearby-amenity density
100 / 100
Restaurants & cafes20
Grocery stores15
Parks20
Schools20
Transit stops20
Pharmacies6

Market position

How this listing compares to current activity in Salem, from live MLS data.

On the market 45 days -- 46 fewer days than Salem's current average of 91 days.
For reference, the median list price across 372 active listings in Salem right now is $449,900.

Mortgage calculator

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Est. monthly payment
$13,399/mo
$440,000 down
$1,760,000 loan
Principal & interest$11,415
Property tax (est.)$1,833
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated August 15, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.