Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
8 Beds
6 Baths
4,310 sqft

$1,700,000

18 Balcomb Street, Salem MA, 01970

Price per sqft$394.43
Built in1875
Property size4,310 sqft
Property typeMulti-family

Overview

Active

Listed May 12, 2026

Updated 2 weeks ago

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.

$11,310/mo

Est. mortgage payment based on a $1,700,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
73517252

Interior Features

Bedrooms
8
Bathrooms
6
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.1 Acres

Other Property Details

Taxes
$10,332
Tax Frequency
Annually
55+/Senior Community
No

This listing is provided by Jackelyn Enslow with Cameron Real Estate Group

The property listing data and images displayed herein were provided to MLS Property Information Network, Inc. from third-party sources, including sellers, lessors, and public records, and compiled by MLS Property Information Network, Inc. This information is intended solely for the personal, non-commercial use of consumers who have a genuine interest in purchasing or leasing listed properties. It may not be used for any purpose other than to identify prospective properties of interest.

MLS Property Information Network, Inc. and its subscribers make no representations or warranties regarding the accuracy of the listing data or images presented.

©2026 MLS Property Information Network, Inc. All rights reserved.

Data last updated 4:45 AM UTC, 9/4/2026

Powered by Luxury Presence