401 Essex St, Salem, MA, 01970
About This Home
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.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1815
Materials
- Foundation: Concrete Perimeter,Block,Granite
- Roof: Shingle,Slate,Rubber
- Construction materials: Frame,Brick
Type & Style
- Home type: MultiFamily
- Property subType: 5-9 Family
Interior
Appliances
- Appliances included: Range,Dishwasher,Microwave,Refrigerator
Bedrooms & Bathrooms
- Bedrooms: 9
- Bathrooms: 7
- Full bathrooms: 7
Features
- Stone/Granite/Solid Counters,Upgraded Cabinets,Upgraded Countertops,Bathroom with Shower Stall,Remodeled,Living Room,Kitchen
- Flooring: Wood,Hardwood
- Number of fireplaces: 6
- Fireplace: Yes
- Finished area above ground: 4,997
Heating & Cooling
- Heating features: Baseboard,Natural Gas,Hot Water,Oil
- Cooling features: Window Unit(s)
Interior Area
- Total structure area: 4,997
- Total interior livable area: 4,997 sqft
Property
Details
- Parcel number: 4078635
- Zoning: B1
Features
- Exterior features: Balcony/Deck
Lot
- Lot size: 5,123 sqft
- Features: Corner Lot
Parking
- Total spaces: 6
- Parking features: Off Street
- Uncovered spaces: 6
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Hurricane
- Ice Storm
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Massachusetts Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $11,680 | $140,160 |
| Home Insurance * | $697 | $8,364 |
| Property Taxes | $3,431 | $41,172 |
| Electricity | $985 | $11,824 |
| Total | $16,793 | $201,516 |
Income You'd Need if You Spent...
Massachusetts FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-08 | Price change | $2,310,000 |
| 2026-06-15 | Listed for sale | $2,500,000 |
| 2025-06-25 | Listing removed | $2,900 |
| 2025-06-13 | Listed for rent | $2,900 |
| 2023-07-14 | Listing removed | -- |
| 2023-07-12 | Listed for rent | $2,700 |
| 2022-03-02 | Sold | $1,150,000 |
| 2021-11-21 | Contingent | $1,200,000 |
| 2021-11-10 | Listed for sale | $1,200,000 |
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