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$1,875,000

For Sale
Active
Commercial

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Property Description

Amazing Bed & Breakfast opportunity! Built in 1755, this historic Georgian style gambrel features more than 4,500 SF of living space on 3 levels and private fenced yard. This trophy home was completely renovated in 2016 back to its historic grandeur. The entry level features a spacious reception foyer flanked by 2 sitting rooms, both with wood burning fireplaces, a formal dining room with seating for 10+ ppl, and 1/2 bath. Also located on the 1st level is a one-of-a-kind chef's kitchen featuring a large wood-burning hearth and commercial-sized range, fridge, freezer, dishwasher and steam wall oven. The 2nd level features 3 en-suite bedrooms surrounding a spacious landing. The 3rd level boasts a massive primary suite w/ spa-worthy bath, walk-in closet, den, gym, kitchenette and office space. An enterprising owner may capitalize on the B&B/AirBNB and special event potential this location affords abutting the Witch House and downtown Salem.

Full Property Details

Full Property Details for 314 Essex St

General

Price: $1,875,000
Taxes: $17,223 (2025)
Status: Active
Type: Commercial
MLS ID: 73516005
Updated: 6/12/2026
Added to Site: 57 day(s) ago

Location

County: Essex

Structural Information

Square Feet: 4,670
Year Built: 1755

Lot Features

Lot Size (Acres): 0.11

Financial Considerations

Tax Amount: $17,223
Tax Year: 2025

Disclosures and Reports

Disclosures/Rstr.: Property is currently zoned as a 1-Family. Has been commercial in it's past. Buyer to do own due diligence as to zoning changes required for commercial use.
Property ID: M:26 L:0523, 2132788

Listed by The Persac Group, LLC, Andrew Pike

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Listing agent

— 314 Essex St —

Andrew Pike

The Persac Group, LLC

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Schools

Schools serving 314 Essex St

School District:Salem School District, Salem, MA

Name	Grades	Distance
Saltonstall School 211 Lafayette Street, Salem, MA 01970	K-8	0.7 mi
Carlton Elementary School 10 Skerry Street, Salem, MA 01970	K-5	0.8 mi
Bates Elementary School, Salem, MA 53 Liberty Hill Avenue, Salem, MA 01970	K-5	1 mi
Collins Middle School 29 Highland Avenue, Salem, MA 01970	6-8	0.6 mi
Salem Prep High School 2 Museum Place Mall, Salem, MA 01970	9-12	0.3 mi
Salem High School, Salem, MA 77 Willson Street, Salem, MA 01970	9-12	1.2 mi
Horace Mann Laboratory 79 Willson Street, Salem, MA 01970	K-5	1.1 mi
Witchcraft Heights Elementary School 1 Frederick Street, Salem, MA 01970	K-5	1.1 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 314 Essex St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

6/08/2026

Price Reduced

$1,875,000

-6.25%

MLS

5/11/2026

Listed

$1,999,900

228.69%

MLS

9/20/2012

Sold

$608,438

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 314 Essex St

Year

Property Taxes

Change

Tax Assessment

Change

2025

$17,223

$1,518,800

2024

$16,320

10%

$1,404,500

18%

2023

$14,836

15%

$1,185,900

22%

2022

$12,904

-1%

$973,900

2021

$13,071

-1%

$947,200

2020

$13,223

$915,100

2019

$12,880

11%

$853,000

13%

2018

$11,601

$754,300

12%

2017

$10,669

$672,700

2016

$10,457

—

$667,300

2015

$10,481

$638,700

2014

$9,978

—

$596,400

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 314 Essex St

314 Essex St, Salem, MA 01970 (MLS# 73516005) is a Commercial property. 314 Essex St is currently listed for $1,875,000 and was received on May 11, 2026. Want to learn more about 314 Essex St? Do you have questions about finding other Commercial real estate for sale in Salem? You can browse all Salem real estate or contact a Coldwell Banker agent to request more information.

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314 Essex St Salem, MA 01970