Description
In Salem's coveted McIntire Historic District, this grand mid-18th-century residence offers a rare marriage of historic character and turnkey investment potential. Sensitively converted into five residences and renovated to the studs in 2022, the property retains remarkable period details, including a graceful three-story Federal staircase, wainscoting and glorious paneled walls. Generating approximately $160K annually, it is equally compelling as a pure investment or for an owner who wants to live beautifully while four additional units offset carrying costs. The sprawling first-floor residence feels more like a private home, with two ensuite bedrooms, gracious living and dining rooms, original interior shutters, and a serious cook's kitchen with an 8-burner commercial range and abundant wood and quartz counters. The dining room opens private yard with an intricate bluestone patio, generous lawn and private parking. Four additional one-bedroom apartments above offer strong rental appeal. Each unit has separately metered gas and electric, its own HVAC and hot water, while the building is fully sprinklered and fire monitored. All this less than 30 seconds from fabled Chestnut Street and moments from downtown Salem's restaurants, shops and commuter rail.
Details
| MLS # | 73580463 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1775 |
| Days On Site | 18 |
| Listing Provided By | Gibson Sotheby's International Realty | Michael Selbst |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 7 Total |
| SQ Feet | 5,345 |
| Basement | Y |
| Story(s) | 5 |
| Units | 5 |
| Zoning | B1 |
| Acreage | 0.21 |
Interior
| Rooms Total | 17 |
|---|---|
| Fireplaces Total | 5 |
| Fireplace Yes / No | Yes |
Exterior
| Roof | Shingle |
|---|---|
| Construction Materials | Frame |
| Foundation Details | Stone, Granite |
| Lot Features | Level |
| Fencing | Fenced |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Off Street |
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Annual Amount | 17669 |
|---|---|
| Tax Assessed Value | 1639100 |
| Tax Year | 2026 |
Location
| Community Features | Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Highway Access, House of Worship, Public School, T-Station, University |
|---|---|
| Senior Community Yes / No | No |
Area Information
| State | MA |
|---|---|
| County | Essex |
| City | Salem |
| Zip Code | 01970 |
| Area | Essex |
| Listing VS Median (in 01970) | |
Price: $1,875,000 low | high Med: $479,900 sqft: 5,345 low | high Med: 1,937 $ / sqft: $351 low | high Med: $248 On site: 18 low | high Med: 85 | |
Market Activity 01970
Request a showing
Request a showing
Contact
Learn More About This Property
| State | MA |
|---|---|
| County | Essex |
| City | Salem |
| Zip Code | 01970 |
| Area | Essex |
| Listing VS Median (in 01970) | |
Price: $1,875,000 low | high Med: $479,900 sqft: 5,345 low | high Med: 1,937 $ / sqft: $351 low | high Med: $248 On site: 18 low | high Med: 85 | |
 | $1,600,00033 Chestnut StSalem, MA 01970 |