4 Upham St, Salem, MA

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.