Perfect for owner-occupied income producing property, straight-up investment opportunity, or potential condo conversion for developers. Rare Salem 2-family (side-by-side) duplex offering spacious sunny rooms with 2 driveways and good-sized yard seeks new steward. Unit 1 (current owner’s home) offers 4 bedrooms, renovated kitchen and 2 full baths plus interior access to own basement with laundry. The attic is a wide open, finished, heated open space which offers potential for various uses – bedroom, family room, office space, maybe even an ADU (buyer to do research and due diligence). Unit 2 (currently tenant occupied) has 3 bedrooms, 1.5 baths, laundry and access to own basement. Fully insulated and deleaded, this home has new heating systems and hot water heaters for both units. Close to downtown Salem restaurants, shops, museums, and Commuter rail.

Property Details

Price:
$1,075,000
MLS #:
73366502
Status:
Active
Beds:
7
Baths:
3.5
Address:
18 Balcomb St
Type:
Multi Family
Subtype:
2 Family – 2 Units Side by Side
City:
Salem
Listed Date:
Apr 30, 2025
State:
MA
Finished Sq Ft:
4,310
Total Sq Ft:
4,310
ZIP:
01970
Year Built:
1875
Units:
2

Schools

Middle School:
Collins Middle
High School:
Salem High

Interior

Appliances
Range, Refrigerator, Washer, Dryer, Dishwasher
Bathrooms
3 Full Bathrooms, 1 Half Bathroom
Cooling
Window Unit(s)
Flooring
Wood, Vinyl, Carpet, Hardwood
Heating
Forced Air, Natural Gas, Baseboard
Laundry Features
Electric Dryer Hookup, Washer Hookup

Exterior

Community Features
Public Transportation, Shopping, Park, Walk/ Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T- Station, University
Construction Materials
Frame
Exterior Features
Rain Gutters
Parking Features
Paved Drive, Off Street, Assigned, Paved
Parking Spots
4
Roof
Shingle

Financial

Net Operating Income
$42,000
Tax Year
2025
Taxes
$9,892

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CRP: Certified Relocation Professional
CRS: Certified Residential Specialist
GRI: Graduate of Realtors Institute
CBR: Certified Buyers Representative
BSBA: Bachelor of Science in Business Administration. Babson College 1979
MBA: Master of Business Administration. Babson College 2002

James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…

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18 Balcomb St
Salem, MA