18 Balcomb Street

Salem MA 01970

4310 sq. ft.

4486 sq. ft.

Other

Currently for sale - view listing

Overview

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.

Features

8 bedrooms

6 bathrooms

4 carspaces

4 open car spaces

4310 sq. ft. floor area

4486 sq. ft. lot size

Other

Property history for 18 Balcomb Street

2025

Sold

$1,025,000

26 Jun 2025 by Nancy Peterson, of J. Barrett & Company

1993

Sold

$155,000

29 Oct 1993 by Bill Squibb, of Avantgarde

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