Distinguished 1875 Victorian multifamily thoughtfully reimagined into two stunning townhouse-style residences in historic North Salem. Spanning over 4,310 SF, this fully renovated property offers 8 bedrooms and 6 full bathrooms across two expansive units, each designed to live with the comfort and privacy of a single-family home. A significant restoration brought new life to the property while preserving its original architectural character, including soaring ceilings, abundant natural light, hardwood flooring, and restored historic details throughout. Every major system has been upgraded, including new roof, electrical, plumbing, HVAC with gas heat and central A/C, redesigned open-concept living spaces, brand-new kitchens and baths, and fresh interior/exterior paint. Separate driveways, private yard spaces, and townhouse-style layouts offer opportunity for owner-occupied living, multigenerational use, or investment potential. Ideal North Salem location 1 mile to downtown and MBTA.
This home has been viewed 3 times
Last Checked: May 13th, 2026 at 10:03am (Source: MLS PIN #73517252)
Gross Income: $0
Gross Expenses: $10,332
Net Income Calc: $10,332
Water Views
Annual Expenses for 18 Balcomb Street, Salem MA 01970
Total Gross Expenses (Calculated)$10,332/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax10332
Annual Income & Unit Breakdown for 18 Balcomb Street, Salem MA 01970
Total Gross Income (Calculated)$0
Unit 1
Rental Income$0
LeaseN
Bedrooms4
Bathrooms3 Full
Floor1
Levels in Unit3
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms4
Bathrooms3 Full
Floor1
Levels in Unit3
Rent Includes
General Information for 18 Balcomb Street, Salem MA 01970
Listing ID73517252
Property TypeMulti Family / 2 Family
Price1700000 ($394.43/SqFt)
Style2 Family - 2 Units Side By Side
CitySalem
CountyEssex
Neighborhood(s)Ipswich
Approximate Living Area Total4310
Approximate Lot Size (Acres)0.1
Total Parking4
Garage Parking0
Year Built1875
Year Built SourcePublic Records
Year Built DetailsActual,Renovated Since
WaterPublic
SewerPublic Sewer
Electric220 Volts
Hot Water
Roof MaterialAsphalt/fiberglass Shingles
BasementFull
Construction MaterialsFrame
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features
Outdoor Space
ZoningR2
Water ViewsNo
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 18 Balcomb Street, Salem MA 01970
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsGenerator
Financial Data Source
Total Gross Expenses By Broker
Total Gross Income By Broker
Total Net Income By Broker
Short Sale / Forclosure (Bank Owned)
Compensation Based On
Financial Information for 18 Balcomb Street, Salem MA 01970
Real Estate Taxes10332
Tax Year2026
Assessed Value$958,400
Financial Data Source
Total Gross Expenses By Broker
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker
BostonRealEstate.com Gross Income
Total Net Income By Broker
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
Location Information for 18 Balcomb Street, Salem MA 01970
Middle SchoolCollins Middle
High SchoolSalem High
Neighborhood(s)Ipswich
Area AmenitiesWalk/jog Trails
Contact Information for 18 Balcomb Street, Salem MA 01970