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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.
More Info
Basic Information
- Listing Terms Contract
- Lot Features Corner Lot, Level
- Mls StatusActive
- Parcel Number 2129668
Tax Information
- Tax Assessed Value $958,400
- Tax Year 2026
- Taxes$10,332
School Information
- High SchoolSalem
- High School Salem High
- Junior HighCollins Middle
Parking
- Open Parking YN Yes
- Parking Features Paved Drive, Off Street, Paved
- Parking Spaces4
Rooms
- Bathroom6
- Bathrooms Total Decimal 6
- Bedrooms8
- Full Bath6
Basic Information
- List Price$1,700,000
- MLS Number73517252
- Modification Date08/12/2026
- Property SubType2 Family - 2 Units Side by Side
- Virtual TourView Tour
Location
- Address18 Balcomb Street
- Building Number18
- CountyEssex
- StateMA
- StreetBalcomb Street
- TownSalem
- Zip01970
Building
- BasementFull
- Building Area Units Square Feet
- Construction Materials Frame
- FoundationBrick/Mortar, Granite
- Levels 6
- Rooms14
- Stories6
- Units2
- Window Features Skylight(s)
- Year Built1875
- Year Built Details Actual, Renovated Since
- Year Built Source Public Records
Property
- Acreage0.1
Interior
- Flooring Tile, Hardwood, Wood, Stone/Ceramic Tile
- Interior Features
- Bathroom With Tub & Shower
- Bathroom with Shower Stall
- Cathedral/Vaulted Ceilings
- Dining Room
- Kitchen
- Laundry Room
- Living Room
- Mudroom
- Office/Den
- Open Floorplan
- Remodeled
- Stone/Granite/Solid Counters
- Storage
- Upgraded Cabinets
Exterior
- Fencing Fenced
- RoofShingle
Utilities
- Cooling Central Air, Unit Control
- Cooling YN Yes
- Electric Circuit Breakers
- Heat SystemYes
- Heating Central, Forced Air, Natural Gas
- Sewer Public Sewer
- Water Source Public
Property Information
- Building Area Source Public Records
- Living Area 4,310
- Lot Size Square Feet 4,486
- Lot Size Units Acres
- Square Feet4,310
Amenities
- Amenities
- Highway Access
- House of Worship
- Medical Facility
- Park
- Public School
- Public Transportation
- Shopping
- T-Station
- University
- Appliances IncludedRange, Dishwasher, Refrigerator
- Other AmenitiesBasement
Legal
- ZoningR2
Other
- Date Listed05/13/2026
- Farm Land Area Units Square Feet
- View Count9
Map Location
Listed by Jackelyn Enslow of Cameron Real Estate Group
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