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$539,000 Contingent

  • For Sale
  • Contingent
  • Townhouse
  • 2 Beds
  • 2 Full Baths
  • 1,159 Sq. Ft.
  • 0.12 Acres
  • 1 Car Garage
  • Updated 5 days ago
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Desirable downtown Salem condo in three-unit building with a custom kitchen featuring stainless steel appliances and a granite countertop. Two bedrooms, two bathrooms, in-unit laundry, hardwood floors, and off-street parking with one garage space. The open dining and living room combine to make plenty of entertaining space. New disposal, stove, dishwasher and kitchen faucet in 2025. Pets - 'one ordinary domestic household cat or dog may be kept by any unit owner'. Venture just 0.4 miles to the Peabody Essex Museum and take advantage of all that awaits in the bustling downtown, featuring dozens of restaurants. Commuting is easy with the Salem train station 0.7 miles away. Stick close to home and enjoy the Salem Common 0.2 miles, Collins Cove or the Derby Wharf both at just 0.3 miles away.

Full Property Details for 40 Essex St #2

General

  • Price: $539,000
  • HOA FEE: $187/month
  • Taxes: $5,439 (2025)
  • Status: Contingent
  • Type: Townhouse
  • Source: MLSPin
  • MLS ID: 73453515
  • Updated: 1/12/2026
  • Added to Site: 68 day(s) ago

Interior

  • Number of Rooms: 5
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
  • Flooring: Wood, Tile

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main - Full Baths: 2
  • Bathroom 1: Full Bathroom, Tiled Bathroom with Tub and Shower, Stone/Ceramic Tile Flooring, 9.00 x 7.00, Second, 63 Sq. Ft.
  • Bathroom 2: 3/4 Bathroom, Tiled Bathroom with Shower Stall, Encl, 8.00 x 7.00, Second, 56 Sq. Ft.

Bedrooms

  • Total Bedrooms: 2
  • Primary Bedroom: Yes, 17.00 x 11.00, Second, 187 Sq. Ft.
  • Bedroom 2: Closet, Hardwood Flooring, 17.00 x 11.00, Second, 187 Sq. Ft.

Other Rooms

  • Living Room: Closet, Hardwood Flooring, Cable Hookup, Exterior Access, Open Floorplan, Lighting - Overhead, 21.00 x 12.00, Second, 252 Sq. Ft.
  • Kitchen: Hardwood Flooring, Stone/Granite/Solid Countertops, Exterior Access, Recessed Lighting, Stainless Steel Appliances, 18.00 x 11.00, Second, 198 Sq. Ft.
  • Dining Room: Closet, Hardwood Flooring, Open Floorplan, Lighting - Overhead, 11.00 x 10.00, Second, 110 Sq. Ft.
  • Laundry: Laundry Closet, Main Level, Second Floor, In Unit, Electric Dryer Hookup, Washer Hookup

Exterior

  • Exterior Features: Patio, Rain Gutters

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Total Spaces: 2
  • Parking Features: Detached, Assigned, Off Street

Location

  • County: Essex
  • Driving Directions: Webb Street to Essex Street - #40 is on the right

Community

  • Pets Allowed: Yes
  • Management Type: Owner Association

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Window Unit(s)
  • Heating Type: Baseboard, Natural Gas
  • Heating Fuel: Baseboard, Natural Gas
  • Heating Zones: 2

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Connection for Gas Range, Connection for Gas Oven, Connection for Electric Dryer, Washer Hookup

Structural Information

  • Exterior Const.: Frame
  • Basement: Yes
  • Basement Desc.: Y
  • Roof: Shingle
  • Drive-In Doors: Insulated Doors
  • Stories/Levels: 1
  • Square Feet: 1,159
  • Sq. Ft. Source: Public Records
  • Year Built: 1870

Lot Features

  • Lot Size (Acres): 0.12
  • Lot Dimensions: .12

Financial Considerations

  • Price Per Sq. Ft.: $465.06
  • Association Fee: $187
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $5,439
  • Tax Year: 2025

Disclosures and Reports

  • Documents Avail.: Master Deed, Rules & Regs
  • Disclosures/Rstr.: Listing agent is an owner. Sellers have not lived in the property for 12+ years. Buyer and buyer agent to do own due diligence. Dimensions are approximate.
  • Property ID: M:35 L:0434 S:802, 4765546
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 40 Essex St #2 —

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NMLS#: 1598647

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Schools serving 40 Essex St #2

School District:Salem School District, Salem, MA
NameGradesDistance
Carlton Elementary School
10 Skerry Street, Salem, MA 01970
K-50.6 mi
Saltonstall School
211 Lafayette Street, Salem, MA 01970
K-80.8 mi
Bates Elementary School, Salem, MA
53 Liberty Hill Avenue, Salem, MA 01970
K-51.3 mi
Collins Middle School
29 Highland Avenue, Salem, MA 01970
6-81.2 mi
Salem High School, Salem, MA
77 Willson Street, Salem, MA 01970
9-121.8 mi
Horace Mann Laboratory
79 Willson Street, Salem, MA 01970
K-51.7 mi
Witchcraft Heights Elementary School
1 Frederick Street, Salem, MA 01970
K-51.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 40 Essex St #2 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/02/2025
Price Reduced
$539,000
-1.82%
MLS
11/11/2025
Listed
$549,000
—
MLS
Get Price Alerts and Save Property
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 for 40 Essex St #2

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,439
2%
$479,600
5%
2024
$5,307
5%
$456,700
13%
2023
$5,055
3%
$404,100
9%
2022
$4,899
2%
$369,700
6%
2021
$4,823
2%
$349,500
7%
2020
$4,734
5%
$327,600
10%
2019
$4,506
7%
$298,400
9%
2018
$4,194
2%
$272,700
5%
2017
$4,119
6%
$259,700
4%
2016
$3,899
—
$248,800
4%
2015
$3,907
6%
$238,100
8%
2014
$3,701
—
$221,200
—
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.

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40 Essex St #2, Salem, MA 01970 (MLS# 73453515) is a Townhouse property with 2 bedrooms and 2 full bathrooms. 40 Essex St #2 is currently listed for $539,000 and was received on November 11, 2025. This property is listed by Jonathan Davis from our Beverly Office.Want to learn more about 40 Essex St #2? Do you have questions about finding other Townhouse 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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