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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.
Current real estate data for Condo in Salem as of Nov 17, 2025
67
Condo Listed
93
Avg DOM
443
Avg $ / SqFt
$559,337
Avg List Price

Property Details

Price:
$549,000
MLS #:
73453515
Status:
Active
Beds:
2
Baths:
2
Type:
Condo
Subtype:
Condominium
Listed Date:
Nov 11, 2025
Finished Sq Ft:
1,159
Total Sq Ft:
1,159
Lot Size:
5,144 sqft / 0.12 acres (approx)
Year Built:
1870
Parking TotalYes W/ Restrictions

Schools

Interior

Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Bathrooms
2 Full Bathrooms
Cooling
Window Unit(s)
Flooring
Wood, Tile
Heating
Baseboard, Natural Gas
Laundry Features
Laundry Closet, Main Level, Second Floor, In Unit, Electric Dryer Hookup, Washer Hookup

Exterior

Community Features
Public Transportation, T-Station
Construction Materials
Frame
Exterior Features
Patio, Rain Gutters
Parking Features
Detached, Assigned, Off Street
Parking Spots
1
Roof
Shingle

Financial

HOA Fee
$187
HOA Frequency
Monthly
HOA Includes
Water, Sewer, Insurance, Maintenance Structure, Reserve Funds
Tax Year
2025
Taxes
$5,439

Map

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Community

Property Summary

    40 Essex St # 2 Salem MA is a Condo for sale in Salem, MA, 01970. It is listed for $549,000 and features 2 beds, 2 baths, and has approximately 1,159 square feet of living space, and was originally constructed in 1870. The current price per square foot is $474. The average price per square foot for Condo listings in Salem is $443. The average listing price for Condo in Salem is $559,337. To schedule a showing of MLS#73453515 at 40 Essex St # 2 in Salem, MA, contact your Boardwalk Real Estate Corp. agent at 781-944-7820.

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CRP: Certified Relocation Professional
CRS: Certified Residential Specialist
GRI: Graduate of Realtors Institute
CBR: Certified Buyers Representative
BSBA: Bachelor of Science in Business Administration. Babson College 1979
MBA: Master of Business Administration. Babson College 2002

James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…

More About James
40 Essex St # 2
Salem, MA