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$1,075,000
Total Beds: 7 Total Baths: 4
Total Units: 2 SQFT: 4310
LOT size: 0.10 Acres
18 Balcomb St
Salem, MA 01970
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Property Description

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

Building Information

  • Total Units: 2
  • Total Floors: 5
  • Total Bedrooms: 7
  • Total Full Baths: 3
  • Total Half Baths: 1
  • Amenities: Bike Path, Conservation Area, Golf Course, Highway Access, House of Worship, Laundromat, Marina, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, T-Station, University, Walk/Jog Trails
  • Basement Features: Concrete Floor, Full, Interior Access, Unfinished Basement
  • Common Rooms: Dining Room, Kitchen, Living Room, Loft, Office/Den
  • Common Interior Features: Bathroom with Shower Stall, Bathroom With Tub & Shower, Ceiling Fans, Internet Available - Unknown, Lead Certification Available, Storage
  • Common Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer, Washer Hookup
  • Common Heating: Extra Flue, Forced Air, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard, Oil

Financial

  • APOD Available: Yes
  • Gross Operating Income: 42000
  • Gross Expenses: 3700
  • Electric Expenses: 2400
  • Water/Sewer: 1800
  • Net Operating Income: 42000

Utilities

  • Heat Zones: 2
  • Electric Info: Circuit Breakers, Underground
  • Energy Features: Insulated Windows
  • Utility Connections: for Electric Dryer, for Gas Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: None
  • Under Lease: No
  • Floors: 1
  • Levels: 3

Unit 2 Description

  • Included in Rent: None
  • Under Lease: No
  • Floors: 1
  • Levels: 2

Construction

  • Year Built: 1875
  • Type: 2 Family - 2 Units Side by Side
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Vinyl, Wall to Wall Carpet, Wood
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73366502
  • Last Updated: 05/03/25

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Map

Seller's Representative: Nancy Peterson, J. Barrett & Company
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-05-03 03:05:00