Description
A true diamond in the rough and an incredible income-producing opportunity in desirable North Salem, just minutes from major highways and the beautiful North River. This oversized 2-family home offers historic 1800s charm blended with modern essentials - including vinyl siding, replacement windows, separate utilities, paved lot, plenty of parking and an impressive 6-8 bedrooms with 2.5 baths spanning three full floors. The original winding staircase, fireplaces, and period details set the stage for your vision, creativity, and TLC to bring this property back to life. The income potential is exceptional. Live in owner's townhouse style unit and Airbnb the second unit on the first floor or explore additional value-add options such as a 203K renovation loan or condo conversion. The possibilities are truly endless. Homes like this don't come along often - come see today and unlock the potential of this North Salem money maker! ATTN: Contractors here is your winter project. Property is also crossed listed as a multi family under MLS# 73589214. This property offers an exceptional owner-occupied opportunity with income potential. The 2nd and 3rd floors feature a spacious owner's unit with 4-5 bedrooms and 3-bath potential, while the first floor offers 2-3 bedrooms and 2-bath potential. Ideal for buyers using construction loan looking to customize and build equity. Airbnb income in Salem is extraordinary - October alone can exceed $30K, and this home is within walking distance to downtown and MBTA- making it a prime location for short-term rental demand.
Details
| MLS # | 73591802 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1870 |
| Days On Site | 14 |
| Listing Provided By | North Shore Realty | Jennifer L. Ward |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 2,909 |
| Basement | Y |
| Zoning | R2 |
| Acreage | 0.07 |
Interior
| Rooms Total | 12 |
|---|---|
| Cooling Yes / No | No |
| Cooling | Window Unit(s), None |
| Heating Yes / No | Yes |
| Heating | Baseboard, Natural Gas |
| Appliances | Gas Water Heater |
| Fireplaces Total | 2 |
| Fireplace Yes / No | Yes |
| Flooring | Plywood, Particle Board |
Exterior
| Roof | Shingle |
|---|---|
| Construction Materials | Frame |
| Foundation Details | Stone |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Paved Drive |
| Open Parking Yes / No | Yes |
Utilities
| Sewer | Public Sewer |
|---|---|
| Electric | Circuit Breakers |
Taxes
| Tax Annual Amount | 7627 |
|---|---|
| Tax Assessed Value | 707500 |
| Tax Year | 2026 |
Location
| Community Features | Sidewalks |
|---|---|
| Senior Community Yes / No | No |
Area Information
| State | MA |
|---|---|
| County | Essex |
| City | Salem |
| Zip Code | 01970 |
| Area | Essex |
| Listing VS Median (in 01970) | |
Price: $725,000 low | high Med: $485,000 sqft: 2,909 low | high Med: 1,189 $ / sqft: $249 low | high Med: $408 On site: 14 low | high Med: 112 | |
Market Activity 01970
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Learn More About This Property
| State | MA |
|---|---|
| County | Essex |
| City | Salem |
| Zip Code | 01970 |
| Area | Essex |
| Listing VS Median (in 01970) | |
Price: $725,000 low | high Med: $485,000 sqft: 2,909 low | high Med: 1,189 $ / sqft: $249 low | high Med: $408 On site: 14 low | high Med: 112 | |
 | $725,0004 Upham StSalem, MA 01970 |
 | $899,000112 North StSalem, MA 01970 |