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.
Details
| MLS # | 73517252 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1875 |
| Days On Site | 138 |
| Listing Provided By | Cameron Real Estate Group | Jackelyn Enslow |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 6 Total |
| SQ Feet | 4,310 |
| Basement | Y |
| Story(s) | 6 |
| Units | 2 |
| Zoning | R2 |
| Acreage | 0.10 |
Interior
| Rooms Total | 14 |
|---|---|
| Cooling Yes / No | Yes |
| Cooling | Central Air, Unit Control |
| Heating Yes / No | Yes |
| Heating | Central, Forced Air, Natural Gas |
| 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 |
| Window Features | Skylight(s) |
| Appliances | Range, Dishwasher, Refrigerator |
| Fireplaces Total | 0 |
| Fireplace Yes / No | No |
| Flooring | Tile, Hardwood, Wood, Stone/Ceramic Tile |
Exterior
| Roof | Shingle |
|---|---|
| Construction Materials | Frame |
| Foundation Details | Brick/Mortar, Granite |
| Lot Features | Corner Lot, Level |
| Fencing | Fenced |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Paved Drive, Off Street, Paved |
| Open Parking Yes / No | Yes |
Utilities
| Sewer | Public Sewer |
|---|---|
| Electric | Circuit Breakers |
Taxes
| Tax Annual Amount | 10332 |
|---|---|
| Tax Assessed Value | 958400 |
| Tax Year | 2026 |
Location
| Community Features | Public Transportation, Shopping, Park, Medical Facility, Highway Access, House of Worship, Public School, T-Station, University |
|---|---|
| Senior Community Yes / No | No |
Area Information
| State | MA |
|---|---|
| County | Essex |
| City | Salem |
| Zip Code | 01970 |
| Area | Essex |
| School District | Salem High |
| High School | Salem High |
| Listing VS Median (in 01970) | |
Price: $1,598,000 low | high Med: $487,450 sqft: 4,310 low | high Med: 1,529 $ / sqft: $371 low | high Med: $323 On site: 138 low | high Med: 56 | |
Market Activity 01970
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Learn More About This Property
| State | MA |
|---|---|
| County | Essex |
| City | Salem |
| Zip Code | 01970 |
| Area | Essex |
| School District | Salem High |
| High School | Salem High |
| Listing VS Median (in 01970) | |
Price: $1,598,000 low | high Med: $487,450 sqft: 4,310 low | high Med: 1,529 $ / sqft: $371 low | high Med: $323 On site: 138 low | high Med: 56 | |