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18 Balcomb St, Salem MA 01970

Salem, MA 01970
$1,025,000
Est. $5,455/month
7
Beds
3.5
Baths
4,310
Sq Ft
$238
Price/Sq Ft
0.10
Acres
1875
Year Built
2 Family - 2 Units Side by Side
Type
21
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73366502

About this home

Perfect for owner-occupied income producing property, straight-up investment opportunity, or potential condo conversion for developers. Rare Salem 2-family (side-by-side) duplex offering spacious sunny rooms with 2 driveways and good-sized yard seeks new steward. Unit 1 (current owner’s home) offers 4 bedrooms, renovated kitchen and 2 full baths plus interior access to own basement with laundry. The attic is a wide open, finished, heated open space which offers potential for various uses – bedroom, family room, office space, maybe even an ADU (buyer to do research and due diligence). Unit 2 (currently tenant occupied) has 3 bedrooms, 1.5 baths, laundry and access to own basement. Fully insulated and deleaded, this home has new heating systems and hot water heaters for both units. Close to downtown Salem restaurants, shops, museums, and Commuter rail.

Sale Statistics

Sale Overview
Original List Price: $1,075,000
Final Sale Price: $1,025,000
Difference: $50,000 (-4.7%)
Performance Metrics
95.3%
List to Sale Ratio
Sold below asking price
21
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $249
Sale $/sq ft: $238
This property sold for $238 per square foot
Sale Summary

This property sold for 4.7% below the original asking price.

With only 21 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
2 Family - 2 Units Side by Side
Property Category
Residential Income
Year Built
1875
Bedrooms
7
Full Bathrooms
3
Half Bathrooms
1
Living Area
4,310 sq ft
Total Rooms
15
Stories
5
Levels
5

Interior Features

Flooring
Wood, Vinyl, Carpet, Hardwood
Heating
Forced Air, Natural Gas, Baseboard
Has Heating
Yes
Cooling
Window Unit(s)
Has Cooling
Yes
Has Fireplace
No
Appliances
Range, Refrigerator, Washer, Dryer, Dishwasher
Interior Features
Cathedral/Vaulted Ceilings, Lead Certification Available, Storage, Bathroom with Shower Stall, Remodeled, Internet Available - Unknown, Ceiling Fan(s), Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen, Loft, Office/Den
Laundry Features
Electric Dryer Hookup, Washer Hookup
Basement Details
Full, Interior Entry, Concrete, Unfinished
Window Features
Box/Bay/Bow Window(s), Insulated Windows

Exterior & Structure

Construction Materials
Frame
Roof
Shingle
Foundation
Stone
Exterior Features
Rain Gutters
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.10 acres
Lot Size
4,500 sq ft
Lot Size Area
0.1000
Lot Features
Corner Lot, Level
Road Frontage Type
Public

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
4
Parking Features
Paved Drive, Off Street, Assigned, Paved

Utilities & Systems

Utilities Available
for Gas Range, for Electric Dryer, Washer Hookup
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers

Community & HOA

Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$9,892
Tax Year
2025
Tax Assessed Value
$872,300
Parcel Number
M:17 L:0254,2129668
Zoning
R2

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate

Location

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Neighborhood

18 Balcomb St, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

Middle School
Collins Middle
Rating information coming soon
High School
Salem High
Rating information coming soon

Monthly Payment Calculator

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%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $824
Homeowners Insurance $200
PMI $0

Property History

Market Insights

4.7%
Price Range
24
Total Days on Market

Property Timeline

✓
Sold
Jun 26, 2025
$1,025,000
Property sold
Days on Market: 24
🏠
Listed for Sale
Apr 30, 2025
$1,075,000
Original listing
Agent: Nancy Peterson Office: J. Barrett & Company

Price & Status History

Date Event Price Change
Apr 30, 2025 New Listing Added $1,075,000 —

Market Statistics

Days on Market
21 days
Price per Sq Ft
$238

Tax History

Year Taxes Assessment
2025 $9,892 $872,300

Financial Details

Annual Property Tax
$9,892
Tax Year 2025
Assessed Value
$872,300

Listing Information

Listing Agent Nancy Peterson
Listing Office J. Barrett & Company
Agent MLS ID CN230395
Office MLS ID AC2087

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