18 Balcomb St, Salem MA 01970
Salem, MA 01970
$1,025,000
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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.
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.
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Property History
Market Insights
39.7%
Price Range
24
Total Days on Market
Property Timeline
Current Active Listing - MLS #73517252
Full transaction history available when tracking began
Currently Listed
May 13, 2026
$1,700,000
MLS #73517252 - Active
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
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 05/13/2026 | 🏡 Currently Listed | $1,700,000 | - | - | MLS #73517252 - Active |
| 06/26/2025 | ✓ Sold | $1,025,000 | - | - | Property sold |
| 04/30/2025 | 🏠 Listed for Sale | $1,075,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $9,892 | $872,300 |
Financial Details
Annual Property Tax
$9,892
Tax Year 2025
Assessed Value
$872,300
Facts & Features
Home Facts
Type
Residential Income
Style
2 Family - 2 Units Side by Side
Year Built
1875
Living Area
4,310 sq ft
Lot Size
0.10 acres
Bedrooms
7
Full Baths
3
Half Baths
1
Total Rooms
15
Investment Metrics
Units
2
Unit 1 Rent
— · N
Unit 2 Rent
$3,500/mo · N
Total Monthly Rent
$3,500/mo
Gross Income
$42,000
Net Operating Income
$42,000
Operating Expenses
$3,700
Water/Sewer Expense
$1,800
Electric Expense
$2,400
Cap Rate
3.91%
Interior
Heating
Forced Air, Natural Gas, Baseboard
Cooling
Window Unit(s)
Flooring
Wood, Vinyl, Carpet, Hardwood
Appliances
Range, Refrigerator, Washer, Dryer, Dishwasher
Fireplace
None
Basement
Full, Interior Entry, Concrete, Unfinished
Laundry
Electric Dryer Hookup, Washer Hookup
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
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
Rain Gutters
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Paved Drive, Off Street, Assigned, Paved
Total Spaces
4
Utilities
Electric
Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range, For Electric Dryer, Washer Hookup
Financial
Annual Tax
$9,892
Assessed Value
$872,300
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
Green
Sq Ft Source
Public Record
Documents
None
County
Essex
Total market time (incl. prior listings)
24 days
Property Overview
Property Type
2 Family - 2 Units Side by Side
Listing Type
Sold
Year Built
1875
Bedrooms
7
Full Bathrooms
3
Half Bathrooms
1
Living Area
4,310 sq ft
Total Rooms
15
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
4,310 sq ft above grade
Display Options
Room Markers
KKitchen (1)
BABathroom (4)
BRBedroom (5)
DDining (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood, Vinyl, Carpet, Hardwood
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
Windows:
Box/Bay/Bow Window(s), Insulated Windows
Basement:
Full, Interior Entry, Concrete, Unfinished
Laundry:
Electric Dryer Hookup, Washer Hookup
Security:
Construction & Materials
Year Built:
1875
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Stone
Stories:
5
Heating, Cooling & Utilities
Heating:
Forced Air, Natural Gas, Baseboard
Heating Zones:
2
Cooling:
Window Unit(s)
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Rain Gutters
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Corner Lot, Level
Road Surface:
Parking & Garage
Total Parking Spaces:
4
Parking Features:
Paved Drive, Off Street, Assigned, Paved
Nearby Schools
School District
Salem School District local
B-
School Safety
2024-25
3.6%
Above Average
2.3%
Suspensions
0.8%
In-School
1.3%
Emergency
1.9% below state avg
Elementary Schools
9 schools
The Phoenix School
0.5 mi
Grades PK-08
The Greenhouse School
2.3 mi
Grades PK-08
B+
Bates School
0.5 mi
|
#325 of 824
|
Score: 50.0
Improved 254 spots from last year
-8.2 below state avg
410 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
B-
Carlton School
1.0 mi
|
#468 of 824
|
Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students
Diverse
Grades K-05
B
Witchcraft Heights School
1.0 mi
|
#388 of 824
|
Score: 48.1
Improved 162 spots from last year
-10.1 below state avg
455 students
Diverse
Rising School
Diverse Student Body
Grades K-05
B-
Saltonstall School
1.4 mi
|
#460 of 824
|
Score: 45.8
Improved 108 spots from last year
-12.4 below state avg
412 students
Diverse
Rising School
Grades K-05
C-
Horace Mann Laboratory School
1.5 mi
|
#671 of 824
|
Score: 37.4
Improved 50 spots from last year
-20.8 below state avg
293 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
C+
Bentley Academy Innovation School
1.5 mi
|
#568 of 824
|
Score: 42.3
Improved 143 spots from last year
-16 below state avg
286 students
Moderate
Rising School
Grades PK-05
Salem Early Childhood School
1.5 mi
106 students
Diverse
Diverse Student Body
Grades PK
Middle Schools
1 school
C+
Collins Middle School
1.0 mi
|
#219 of 352
|
Score: 39.5
Improved 60 spots from last year
-18.7 below state avg
611 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
High Schools
2 schools
B+
Salem Academy Charter School
1.4 mi
|
#139 of 346
|
Score: 56.7
Improved 97 spots from last year
-1.5 below state avg
480 students
Diverse
10 sports
• 568 athletes
High Graduation Rate
Rising School
College Ready Curriculum
Grades 06-12
B
Salem High School
1.6 mi
|
#144 of 346
|
Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 students
Diverse
18 sports
• 1,080 athletes
Early College Program
Career Tech Programs
College Ready Curriculum
Strong Athletics
Grades 09-12
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Location
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Neighborhood
18 Balcomb St, Salem MA 01970
Salem, MA 01970
Listing Information
Listing Agent
Nancy Peterson
Listing Office
J. Barrett & Company
Office Phone
978-922-3683
Agent MLS ID
CN230395
Office MLS ID
AC2087
Listing Data Updated
Jun 27, 2025 9:09 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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