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BHRE Brad Hutchinson Real Estate

sales@bradhutchinson.com +1(781) 665-2222

$1,598,000

Est. payment - /mo

8 Beds

6 Baths

4,310 SqFt

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Key Details

Property Type Multi-Family

Sub Type 2 Family - 2 Units Side by Side

Listing Status Active

Purchase Type For Sale

Square Footage 4,310 sqft

Price per Sqft $370

MLS Listing ID 73517252

Bedrooms 8

Full Baths 6

Year Built 1875

Annual Tax Amount $10,332

Tax Year 2026

Lot Size 4,356 Sqft

Acres 0.1

Property Sub-Type 2 Family - 2 Units Side by Side

Property Description

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.

Location

State MA

County Essex

Zoning R2

Direction North Street to Northend Ave to Balcomb Street

Rooms

Basement Full

Interior

Interior Features Cathedral/Vaulted Ceilings, Storage, Stone/Granite/Solid Counters, Upgraded Cabinets, Bathroom with Shower Stall, Bathroom With Tub & Shower, Open Floorplan, Remodeled, Living Room, Dining Room, Kitchen, Laundry Room, Mudroom, Office/Den

Heating Central, Forced Air, Natural Gas

Cooling Central Air, Unit Control

Flooring Tile, Hardwood, Wood, Stone/Ceramic Tile

Appliance Range, Dishwasher, Refrigerator

Laundry Washer Hookup, Dryer Hookup

Exterior

Fence Fenced

Community Features Public Transportation, Shopping, Park, Medical Facility, Highway Access, House of Worship, Public School, T-Station, University

Roof Type Shingle

Total Parking Spaces 4

Garage No

Building

Lot Description Corner Lot, Level

Story 6

Foundation Brick/Mortar, Granite

Sewer Public Sewer

Water Public

Schools

Middle Schools Collins Middle

High Schools Salem High

Others

Senior Community false

Acceptable Financing Contract

Listing Terms Contract

Virtual Tour https://youtube.com/shorts/_SzTRMrqPdE?si=DI6FpKnOO47ssmT4

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Listed by Cameron Real Estate Group

NEARBY SCHOOLS & PROPERTIES

At Brad Hutchinson Real Estate, our main goal is simple: to assist buyers and sellers with making the best, most knowledgeable real estate decisions that are right for you. Whether you’re searching for houses for sale, commercial investment opportunities, or apartments for rent, our independent, committed staff is ready to assist you. We have over 60 years of experience serving clients in and around Melrose and Boston's North Shore.

+1(781) 665-2222

sales@bradhutchinson.com

193 Green Street, Melrose, Massachusetts 02176, United States

18 Balcomb Street Salem, MA 01970