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18 Balcomb StreetSalem, MA 01970

Essex County

$1,598,000List price
8Beds
6Baths
4,310Sq Ft
1875Year built
0.10Acre lot
6Stories
5 months agoOn market

Description

RARE OWNER-OCCUPANT INCOME OPPORTUNITY IN SALEM! Completely renovated from top to bottom, this exceptional two-family offers over 4,300 SF with TWO spacious 4-bedroom, 3-full-bath residences, each approximately 2,155 SF and designed to live like a single-family home. An incredible opportunity to occupy one residence while generating income from the other, including potential short-term rental use for a qualifying owner-occupant, subject to City of Salem requirements. Nearly everything is NEW! New roof, electrical, plumbing, HVAC with gas heat and central A/C, kitchens, bathrooms, flooring, interior and exterior paint and more. Soaring ceilings, abundant natural light and beautiful finishes preserve the scale and character of the original 1875 Victorian while providing the comfort and functionality of a modern home. Each residence enjoys its own separate driveway with off-street parking, private fenced outdoor space and private basement with abundant storage, providing an unusual level of privacy and independence for a two-family property. With 8 bedrooms, 6 full bathrooms and more than 4,300 SF of beautifully renovated living space, the possibilities are exceptional: owner-occupy with rental income, explore permitted short-term rental potential, accommodate extended or multigenerational living, or maintain both residences as long-term rentals. Ideally located in North Salem approximately 1 mile from downtown Salem and the MBTA.

Property Information

Property type
Residential Income
Sub-type
Duplex
Year built
1875
Stories
6
Living area
4,310 Sq Ft
Lot size
0.10 acres
Parking spaces
4
Zoning
R2
Days on market
164
MLS® Listing#
73517252

Property Features

Interior
Storage · Open Floorplan
Appliances
Range · Dishwasher · Refrigerator · Electric Water Heater
Cooling
Central Air · Multi Units
Heating
Natural Gas · Central · Forced Air
Flooring
Tile · Hardwood · Wood
Basement
Full
Parking
Paved · Off Street
Laundry
Washer Hookup
Fencing
Fenced
Lot features
Corner Lot · Level
Construction
Frame
Foundation
Brick/Mortar
Roof
Shingle
Windows
Skylight(s)
Community
Park
Sewer
Public Sewer
Water source
Public

Schools

Middle
Collins Middle
High
Salem High

Financial Details

Annual taxes
$10,332Tax year 2026
Assessed value
$958,400
Parcel number
2129668

Directions

North Street to Northend Ave to Balcomb Street

Listing Courtesy: Cameron Real Estate Group - 7814863180

Presented by: Jackelyn Enslow

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein. Copyright ©2026 MLS Property Information Network, Inc. All Rights Reserved.

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