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$1,395,000

64 Ward St, Salem MA 01970
Salem, MA 01970
Listed by David Seetaram
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1900

About this home

Prime development opportunity in Salem featuring concept plans for a 17-unit multifamily building. The proposed layout includes a mix of studio, one-bedroom, and two-bedroom units, designed for efficient use of space and strong rental performance.This property offers significant redevelopment potential, including possible use under Massachusetts Chapter 40R, allowing developers to benefit from smart growth zoning strategies and increased density in appropriate areas.Located in a high-demand rental market with close proximity to downtown Salem, transportation, and Boston access, this site presents a compelling opportunity for developers seeking strong long-term upside.

Property details

MLS #
73500853
Property type
Commercial Sale
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
N/A
Stories
N/A
Garage spaces
N/A
Lot size
0.2 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Saltonstall School
0.33 mi away · Grades 0-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
378
Student:teacher ratio
10.5:1
District
Salem
Middle
Collins Middle
0.83 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
633
Student:teacher ratio
11.1:1
District
Salem
HighCharter
Salem Academy Charter School
0.1 mi away · Grades 6-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
495
Student:teacher ratio
10.3:1
District
Salem Academy Charter (District)

Mortgage calculator

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Est. monthly payment
$8,551/mo
$279,000 down
$1,116,000 loan
Principal & interest$7,238
Property tax (est.)$1,163
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated April 17, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.