Multi-Family for Sale: 2 Essex St, Salem, MA 01970 SOLD

5 beds
5 full, 1 half baths
5,608 sqft
$1,400,000
$1,400,000
2 Essex St, Salem, MA 01970 SOLD
5 beds
5 full, 1 half baths
5,608 sqft
$1,400,000
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Selling Price: $1,400,000
Original List Price: $1,425,000
Sold at 98.2% of list price
Sold Date: 08/31/2023

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Type Multi-Family
Beds 5
Total Baths 5 full, 1 half baths
Square Feet 5,608 sqft
Lot Size 0.06 acres
Year Built 1860
City Salem
County Essex
MLS 73124028
Status Closed
DOM 79 days
Here is a rare investment opportunity located in the historic Salem Commons District. 2 Essex Street (“The Property”) is a highly sought after location within walking distance to Collins Cove, Salem Commons, Pickering Wharf, and the Salem Depot. This 4-story mixed-use property consists of (1) one commercial unit and (5) five recently renovated, residential units. The Property boasts 5,608 rentable square footage and 7,844 total square footage. All the apartments are oversized 1-bedroom units with updated kitchens, bathrooms, flooring, plumbing and electrical. 2 Essex Street offers investors an ideal blue-chip holding to add to their portfolio with a prime location and low vacancy rates with easy access to RT114, RT1A with access to RT128. Tenants are responsible for their own separately metered electric heat. The opportunity to increase rents to market exists with minimal capital.

Lot & Building Features

Construction Frame
Sewer Public Sewer
Tax Year 2023
Taxes Paid $10,422
Water Public
Foundation Stone
Roof Shingle
Full Baths 5
Half Baths 1
Parking Off Street, Other
Total Rooms 15
Basement Feature Full, Unfinished
Garage Spaces 0
Waterfront 0 to 1/10 Mile To Beach, Waterfront, Ocean, Beach Ownership(Public), Beach Front, Bay
Waterview Bay, Ocean

Price History of 2 Essex St

Date Name Price Difference
06/13/2023 Listing Price $1,400,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Map of 2 Essex St, Salem, MA

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Inquire about this property

Photo of Tristan Swanson
Direct: 207-337-3008
Office
14 York Street
York, ME 03909
207-363-4000
Listed by North Shore Realty Advisors, Dan Pouladian
Sold by North Shore Realty Advisors, Dan Pouladian
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Listing information courtesy of: North Shore Realty Advisors

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.