For sale

$1,700,000

18 Balcomb St, Salem, MA 01970

8beds

4,310sqft

Est.:

2 Family - 2 Units Side by Side

Built in 1875

-- sqft lot

$1,638,200 Zestimate^®

$394/sqft

$-- HOA

What's special

Separate drivewaysNew roofRestored historic details throughoutHardwood flooringPrivate yard spacesRedesigned open-concept living spacesSoaring ceilings

Distinguished 1875 Victorian multifamily thoughtfully reimagined into two stunning townhouse-style residences in historic North Salem. Spanning over 4,310 SF, this fully renovated property offers 8 bedrooms and 6 full bathrooms across two expansive units, each designed to live with the comfort and privacy of a single-family home. A significant restoration brought new life to the property while preserving its original architectural character, including soaring ceilings, abundant natural light, hardwood flooring, and restored historic details throughout. Every major system has been upgraded, including new roof, electrical, plumbing, HVAC with gas heat and central A/C, redesigned open-concept living spaces, brand-new kitchens and baths, and fresh interior/exterior paint. Separate driveways, private yard spaces, and townhouse-style layouts offer opportunity for owner-occupied living, multigenerational use, or investment potential. Ideal North Salem location 1 mile to downtown and MBTA.

7 days

428

20

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 6
Full bathrooms: 6

Heating

Central, Forced Air, Natural Gas

Cooling

Central Air, Unit Control

Appliances

Included: Range, Dishwasher, Refrigerator
Laundry: Washer Hookup, Dryer Hookup

Features

Cathedral/Vaulted Ceilings, Storage, Stone/Granite/Solid Counters, Upgraded Cabinets, Bathroom with Shower Stall, Bathroom With Tub & Shower, Open Floorplan, Remodeled, Living Room, Dining Room, Kitchen, Laundry Room, Mudroom, Office/Den
Flooring: Tile, Hardwood, Wood, Stone/Ceramic Tile
Windows: Skylight(s)
Basement: Full
Has fireplace: No

Interior area

Total structure area: 4,310
Total interior livable area: 4,310 sqft
Finished area above ground: 4,310

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 4
Parking features: Paved Drive, Off Street, Paved
Uncovered spaces: 4

Features

Fencing: Fenced

Lot

Size: 4,486 Square Feet
Features: Corner Lot, Level

Details

Parcel number: 2129668
Zoning: R2

Construction

Type & style

Home type: MultiFamily
Property subtype: 2 Family - 2 Units Side by Side

Materials

Frame
Foundation: Brick/Mortar, Granite
Roof: Shingle

Condition

Year built: 1875

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Public Transportation, Shopping, Park, Medical Facility, Highway Access, House of Worship, Public School, T-Station, University

Location

Region: Salem

Financial & listing details

Price per square foot: $394/sqft
Tax assessed value: $958,400
Annual tax amount: $10,332
Date on market: 5/12/2026
Listing terms: Contract
Total actual rent: 0

Estimated market value

$1,638,200

$1.56M - $1.72M

$3,563/mo

Price history

Date	Event	Price
5/13/2026	Listed for sale	$1,700,000+65.9%$394/sqft
Source: MLS PIN #73517252 Report a problem
6/26/2025	Sold	$1,025,000-4.7%$238/sqft
Source: MLS PIN #73366502 Report a problem
5/9/2025	Contingent	$1,075,000$249/sqft
Source: MLS PIN #73366502 Report a problem
4/30/2025	Listed for sale	$1,075,000+144.3%$249/sqft
Source: MLS PIN #73366502 Report a problem
5/23/2018	Sold	$440,000+183.9%$102/sqft
Source: Public Record Report a problem
10/29/1993	Sold	$155,000$36/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$9,892 +9.8%	$872,300 +12.5%
2024	$9,007 +3.8%	$775,100 +11.8%
2023	$8,677	$693,600
2022	$8,677 +2.6%	$693,600 +13.2%
2021	$8,455 +1.9%	$612,700 +6.7%
2020	$8,294 +1.5%	$574,000 +6%
2019	$8,174 +9.8%	$541,300 +11.8%
2018	$7,447 +7.2%	$484,200 +10.6%
2017	$6,944 +2.5%	$437,800 +1.2%
2016	$6,777 +3.2%	$432,500 +8.1%
2015	$6,566 +11.4%	$400,100 +13.6%
2014	$5,892 +2.9%	$352,200 -3.8%
2012	$5,725 -1.5%	$366,300 -5.2%
2011	$5,814 -0.3%	$386,300 -7.2%
2010	$5,831 -3.4%	$416,200 -10.9%
2009	$6,035 +2.3%	$467,100 -7.6%
2008	$5,897 -0.3%	$505,300 -7.9%
2007	$5,912 +5.9%	$548,900 +10.3%
2006	$5,580 +3.8%	$497,800 +5.4%
2005	$5,377 +5%	$472,500 +8.1%
2004	$5,120 +32.4%	$437,200 +45.5%
2003	$3,866 +10.5%	$300,400 +16.2%
2002	$3,499 +32.9%	$258,600 +49%
1999	$2,632 +30.4%	$173,500 +8.7%
1994	$2,019	$159,600

Find assessor info on the county website

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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