Active
26 Days on market
314 Essex St Salem — Photo 1 of 42

314 Essex St Salem — Photo 1 of 42

$1,895,000

314 Essex St, Salem, MA 01970

Salem, MA 01970 — McIntire Historic District

Investor Analysis

Beds

6

Baths

5

SqFt

4,670

Style

Single Family

Built

1755

Older than the country itself and standing directly beside Salem’s iconic Witch House, the Lindall-Gibbs-Osgood House presents a rare opportunity for an exceptional historic residence or intimate, owner-occupied bed-and-breakfast in the heart of downtown Salem. Built c.1755, this Georgian-style gambrel offers approximately 4,670 square feet across three finished levels.The current owners purchased the property in 2012 and undertook an extensive three-and-a-half-year restoration and renovation, completed in 2016. Original floors, four working fireplaces and centuries-old architectural details were carefully preserved while modern systems, multiple heating and cooling zones and high-end amenities were introduced throughout.Following the renovation, the owners operated three guest rooms as a bed-and-breakfast. The layout is particularly well suited to owner-occupied hospitality, with three spacious en-suite bedrooms arranged around a generous second-floor landing and private owner’s quarters occupying the entire third level. The primary retreat includes a spa-like bath, walk-in closet, kitchenette, den, gym and office. The property may also offer potential to create additional guest rooms. A gracious reception foyer anchors the main level, flanked by two formal parlors with wood-burning fireplaces, an elegant dining room and a true chef’s kitchen. An original cooking hearth is paired with commercial-scale appliances, a steam wall oven and ample space for cooking, entertaining and gathering with guests.The partially finished lower level already includes a bathroom and offers additional flexibility and buildout potential. Outside, a beautifully maintained fenced garden provides unexpected privacy, complemented by two coveted off-street parking spaces.Located within Salem’s historic McIntire District, the property is moments from restaurants, museums, shops, the waterfront and commuter rail. Its en-suite accommodations, generous common areas, commercial-scale kitchen and separation between guest rooms and owner’s quarters create a compelling foundation for a distinctive Salem B&B. Its scale, private garden and thoughtful renovation make it equally appealing as a remarkable single-family residence. Furnishings may also be available by negotiation.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$406/sqft
Local Avg (Salem)$377/sqft
8% AboveMarket Average

* Analysis is based on 20 actively listed and recently sold comparable properties strictly within Salem, MA.

Property Details

Financials

Original Price$1,895,000
Annual Taxes$19,275

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms16
Fireplaces4
FlooringWood, Tile
BasementFull, Partially Finished

Climate & Utilities

HeatingForced Air, Heat Pump, Natural Gas, Ductless
CoolingCentral Air, Heat Pump, Ductless
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone, Brick/Mortar
ZoningB1

Property & Lot

Acres0.11
SqFt Lot4,791
Lot FeaturesLevel

Amenities & Appliances

Electric Water Heater • Range • Dishwasher • Disposal • Refrigerator • Freezer • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Medical Facility • House of Worship • Marina • Private School

Geography

Property History

Listed
$1,895,000

Aug 17, 2026

MLS® 73564359

Listed
$1,895,000

Aug 17, 2026

MLS® 73564360

Expired
$1,875,000

Jul 31, 2026

MLS® 73515923

Expired
$1,875,000

Jul 31, 2026

MLS® 73516005

Listed
$1,875,000

May 11, 2026

MLS® 73515923

Listed
$1,875,000

May 11, 2026

MLS® 73516005

Population

44,738

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$85K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

50.4%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

992 housing units permitted in the last 12 months (-15% vs the prior 12 months) — 515 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 4,670 sq ft principal dwelling). Lot size: 4,791 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Listing Provided By

Listing Agent: The Bakhtiari Group

Listing Office: Compass

MLS® Number: 73564359

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