16-18 Loring Ave Salem, MA 01970
Property details
About 16-18 Loring Ave
Prominent Victorian home with total of 5 units and recent approval for 6th, along with 6 large concrete garages located in the rear of property on Charles Street. This home has been in the same family for over 60 years, has been well maintained, with long term tenants and empty owners unit with plans to split into 2 units. Great detail inside and out, this property boast high ceilings, hardwood floors, detailed fireplace rooms as well as the added income from the 6, 12 x 35' garages underneath the yard in the rear of the property.
Highlights
Summary
- MLS Number: 73338064
- MLS Name: MLS Property Information Network
- Office Name: 1 Percent Realty, LLC
- Office Phone: (978) 265-0318
- Listing Agent: Matthew Power
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Last updated on: 3/13/2025, 12:55:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,959,000
16-18 Loring Ave
$10,000
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
4
Clarke
Public District KG-4
0.9 mi
•100 Middlesex Ave
6
Stanley
Public District KG-4
1.0 mi
•10 Whitman Rd
8
Hadley
Public District KG-4
1.2 mi
•24 Redington St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $58,384. The majority of Salem, MA residents have income between $35k-100k annually. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
PGA/LPGA
Symphony or Opera
Hiking/backpacking
Where do the neighbors shop?
Stein Mart
Chico's
Nordstrom Rack
Where do the neighbors go to eat?
Bonefish Grill
Boston Market
Chipotle
What do the neighbors drive?
Lincoln
Cadillac
Volvo
What do the neighbors listen to?
Classical
Talk/Personality
Rock
This home is located at 16-18 Loring Ave in Salem, MA and zip code 01970. This 5,998 square foot home, which was built in 1895, sits on a 0.41 acre lot. Features: 9 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since February 25, 2025 and is currently priced at $1,959,000.
Salem, MA housing market in February 2025 saw over 9 listings sold above listed price, more than 1 sold at listed price and over 4 sold below. The inventory of homes for sale in Salem, MA between January and February 2025 decreased by 15.9%. The median list price of listings available in February 2025 was $599,159, while the average time on the real estate market was 28 days.