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INVESTMENT SNAPSHOT
About this property
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.
Property details
| Units | 2 |
| Living area | 4,310 sqft |
| Lot size | 4,486 sqft |
| Year built | 1875 |
| Price / sqft | $394 |
| County | Essex |
| MLS # | 73517252 |
Listing status
| Days on market | 4 days |
| Listed on | May 12, 2026 |
Taxes & financials
| Annual property tax | $10,332 |
| Tax year | 2026 |
| Assessed value | $958,400 |
| Zoning | R2 |
| Total actual rent | $0/mo |
Building & lot
| Stories | 6 |
| Total rooms | 14 |
| Lot size | 0.1 acres |
| Garage spaces | 0 |
| Parking spaces | 4 |
| Parking | Paved Drive, Off Street, Paved |
| Basement | Full |
| Foundation | Brick/Mortar, Granite |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Tile, Hardwood, Wood, Stone/Ceramic Tile |
Utilities & systems
| Heating | Central, Forced Air, Natural Gas |
| Cooling | Central Air, Unit Control |
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Range, Dishwasher, Refrigerator |
Location
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Listing courtesy of Cameron Real Estate Group — Jackelyn Enslow. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 18 Balcomb Street, Salem MA 01970 have?
It is a 2-unit multi-family property with 4,310 sqft of living area, built in 1875.
How long has 18 Balcomb Street, Salem MA 01970 been on the market?
18 Balcomb Street, Salem MA 01970 has been listed for 4 days (since May 12, 2026).
What is the estimated cap rate on this 2-family in Salem?
Based on area median rents, the estimated cap rate is about 2.0%, with a Signal Score of 46/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $1,700,000 across 2 units, that works out to roughly $850,000 per unit.
What are the property taxes on 18 Balcomb Street, Salem MA 01970?
Annual property taxes are $10,332 (2026), on an assessed value of $958,400.
What is the price per square foot?
At $1,700,000 for 4,310 sqft, that's about $394 per square foot.
Is there parking?
4 total parking spaces (paved drive, off street, paved).
Where is this property located?
18 Balcomb Street, Salem MA 01970 is in Salem, Essex County, MA 01970.
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