About this home

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.

Facts and features

Schools

• Collins Middle School

  middle · 6-8 · 1.0 mi

  6

• Saltonstall School

  elementary · K-8 · 1.4 mi

  5

• Salem High School

  high · 9-12 · 1.5 mi

  4

• St. Joseph School

  elementary · K-8 · 0.6 mi

• Bates

  elementary · K-5 · 0.4 mi

  7

• Bishop Fenwick High School

  high · 9-12 · 0.9 mi

Price history

• Sep 25, 2026 · Price Changed$1,598,000
• May 13, 2026 · Listed$1,700,000
• Jun 26, 2025 · Sold$1,025,000
• Apr 30, 2025 · Listed$1,075,000
• Oct 29, 1993 · Sold$155,000

Tax history

• 2026$10,332 tax · $958,400 assessed
• 2024$9,007 tax · $775,100 assessed
• 2023$8,677 tax · $693,600 assessed
• 2022$9,003 tax · $679,500 assessed
• 2021$8,455 tax · $612,700 assessed
• 2020$8,294 tax · $574,000 assessed
• 2019$8,174 tax · $541,300 assessed
• 2018$7,447 tax · $484,200 assessed

Home value

$1,048,000

• Collateral Analytics$1,048,000
• Quantarium$1,613,514
• Cotality$798,900

Where it is