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18 Balcomb Street

Salem, MA 01970

$1,700,000
8Bedrooms
6Bathrooms
4,310Square feet
1875Year built

Residential Income · Active · MLS #73517252
Listing Courtesy of Cameron Real Estate Group | Jackelyn Enslow

MLS PIN data

About this home

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

Details at a glance

Interior

Rooms
14
Heating
Central, Forced Air, Natural Gas
Cooling
Central Air, Unit Control
Flooring
Tile, Hardwood, Wood, Stone/Ceramic Tile

Building

Style
2 Family - 2 Units Side by Side
Year built
1875
Parking
4
Foundation
Brick/Mortar, Granite
Roof
Shingle

Land & utilities

Lot size
0.1 acres
Water
Public
Sewer
Public Sewer
Zoning
R2

Financial

Annual taxes
$10,332
Assessment year
2026

Listing history

Price and status timeline

No additional public listing history was supplied for this property.

Property value estimate

An informed starting point

Estimated value$1,726,321

Estimated range $1,480,102$1,972,540

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Automated estimates are not appraisals or guarantees of market value.

Comparable sales

Recent properties for context

Recent comparable sales are not available for this property.

Photo insights

Condition signals

Overall presentationabove average

Generated from listing photography; not a substitute for an inspection.

Local market context

How this home compares in Salem

MetricThis propertySalem
List price$1,700,000$1,224,95039% above local
Price / sq ft$394$33916% above local
Days on market11437208% above local
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Active city listing statistics from MLS PIN as of September 7, 2026. Asking prices are not completed-sale values.

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About 18 Balcomb Street

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Yes. Request a tour of 18 Balcomb Street and a Bean Group agent will help coordinate an available time with the listing side.

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