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112 North St, Salem, MA, 01970

4beds
3baths
2,955sqft
$899,000
$304price/sqft
$6,967/moest. monthly cost
$278,680/yrincome needed

About This Home

Landmark Mixed Use Building Located on Bustling North Street at the Doorstep of Downtown Salem and Salem Train Station. Fantastic Investment Property with a Commercial Tenant Occupying the Ground Level Space. Second Floor is a Large 2 Bedroom Apartment with updates throughout. Third Floor Unit is a 2 Bedroom with a fantastic layout.

Getting Around

87
WalkingVery Walkable
41
TransitSome Transit
80
BikeVery Bikeable

Schools

7/10
BatesGrades PK-50.6 mi
6/10
Collins Middle SchoolGrades 6-80.9 mi
--
Salem Prep High SchoolGrades 9-120.5 mi

Construction

Condition

  • Year built: 1890

Materials

  • Foundation: Irregular

Type & Style

  • Home type: MultiFamily
  • Property subType: 3 Family

Interior

Basement

  • Has basement: Yes
  • Basement: Partial

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Finished area above ground: 2,955

Interior Area

  • Total structure area: 2,955
  • Total interior livable area: 2,955 sqft

Property

Details

  • Parcel number: M:26 L:0392,4078809
  • Zoning: B1

Lot

  • Lot size: 2,104 sqft
  • Features: Level

Parking

  • Total spaces: 1
  • Uncovered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingRelatively High
  • Hurricane
    HurricaneModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Hurricane
Inland Flooding
Ice Storm
Lightning
Tsunami

FEMA Declared Disasters Across Massachusetts Counties

Hurricane

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,545$54,540
Home Insurance *$271$3,252
Property Taxes $1,569$18,828
Electricity $582$6,992
Total$6,967$83,604
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$238,868/yr
40% on housing$209,010/yr
45% on housing$185,786/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.2%
8.2%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: -0.5%
-0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$304This listing

vs Other Active Listings

Avg $/sqft

ZIP 01970$310
Essex County$385

vs Homes Sold Last Month

Median $/sqft

ZIP 01970$414
Essex County$387

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-22Price change$899,000
2026-05-30Pending sale$699,000
2025-05-28Contingent$699,000
2025-05-20Listed for sale$699,000
2022-06-03Listing removed--
2022-05-09Price change$814,999
2022-03-25Listed for sale$849,999
1994-03-18Sold$130,000

For Sale by Agent

AgentSteven Belesis
BrokerageCitylight Realty

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