$1,025,000
$979,900
4.6%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
5 Baths
5,626 SqFt
SOLD DATE : 12/29/2021
Key Details
Sold Price $1,025,000
Property Type Multi-Family
Sub Type 4 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,626 sqft
Price per Sqft $182
MLS Listing ID 72916753
Sold Date 12/29/21
Bedrooms 4
Full Baths 4
Half Baths 2
Year Built 1740
Annual Tax Amount $11,891
Tax Year 2021
Lot Size 9,147 Sqft
Acres 0.21
Property Sub-Type 4 Family
Property Description
Large mixed use building located in Salem's coveted McIntire Historic District! Built in 1740, 393 Essex St has been the home to many influential Salem residents throughout it's history. Today, it is a 4 unit building comprised of a first floor commercial space, and 3 residential units on the second and third floors (1 - two bed unit and 2 - one bed units). This property affords its next steward many options: keep the building in it's current state by filling the vacancies, or perhaps convert the first floor commercial space back to apartments. Could also work as a condo conversion project. The first floor was up until recently a dental practice bringing in $4k a month in rent. Per a variance granted in 1991, the first floor space shall be limited to commercial use for "professional offices, medical or dental clinic" since it is zoned residential. The property has ample parking and is located 1/2 mile to the Salem MBTA station and steps to downtown Salem. Shown by appointment.
Location
State MA
County Essex
Zoning R2
Direction Summer or Highland St to Essex St
Rooms
Basement Full, Bulkhead, Unfinished
Interior
Fireplaces Number 4
Exterior
Community Features Public Transportation
Waterfront Description Beach Front, 1/2 to 1 Mile To Beach
Roof Type Shingle
Total Parking Spaces 10
Garage No
Building
Lot Description Level
Story 8
Foundation Stone
Sewer Public Sewer
Water Public
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Bought with Ted Richard • J. Barrett & Company
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Realtor | License ID: 9575610