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$2,500,000
Total Beds: 9 Total Baths: 7
Total Units: 7 SQFT: 4997
LOT size: 0.12 Acres
401 Essex
Salem, MA 01970
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Property Description

Unique opportunity to own the historic Captain Nathaniel Osgood House, an elegant brick seven-family property built in 1815 and prominently situated within Salem's highly sought-after McIntire District. Rich in period charm and architectural character, the property consists of three (3) one-bedroom units, one (1) two-bedroom unit, and two (2) spacious one-plus-bedroom units. Each units showcases beautiful antique fireplaces, hardwood flooring, and an abundance of original historic detail.The building has been thoughtfully renovated throughout with granite countertops, stainless steel appliances, new bathrooms, efficient Navien heating systems, and updated electrical service. The property offers off-street parking for up to six vehicles. Adding to its appeal is a detached two-story carriage house located at the rear of the property, providing additional income. All tenants pay heat, HW and electric. Please see attached PDF for a rent roll and expenses.

Property Details

Building Information

  • Total Units: 7
  • Total Floors: 3
  • Total Bedrooms: 9
  • Total Full Baths: 7
  • Total Fireplaces: 6
  • Amenities: Highway Access, Medical Facility, Public School, Public Transportation, Shopping, T-Station
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Bathroom with Shower Stall, Stone/Granite/Solid Counters, Upgraded Cabinets, Upgraded Countertops
  • Common Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Common Heating: Active Solar, Electric Baseboard, Electric Baseboard, Extra Flue, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard, Hot Water Radiators, Oil, Radiant

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 197850
  • Gross Expenses: 49797
  • Net Operating Income: 163594

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1815
  • Type: 5-9 Family
  • Construction Type: Aluminum, Brick, Frame
  • Foundation Info: Concrete Block, Granite, Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber, Shingle, Slate
  • Flooring Type: Hardwood, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73535855
  • Last Updated: 06/15/26

Mortgage Calculator

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Map

Seller's Representative: Francesca Little, Little & Co., REALTORS®
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2026-06-15 14:27:00