$1,395,000
64 Ward St
Salem, MA, 01970
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
Price:
$1,395,000
MLS #:
73500853
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Listed Date:
Apr 13, 2026
Lot Size:
8,721 sqft / 0.20 acres (approx)
Year Built:
1900
Schools
Interior
Exterior
Financial
Tax Year
2025
Taxes
$10,493
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Map
Current real estate data for Commercial in Salem as of May 04, 2026
8
Commercial Listed
368
Avg DOM
329
Avg $ / SqFt
$709,734
Avg List Price
Community
- Address64 Ward St Salem MA
- CitySalem
- CountyEssex
- Zip Code01970
Subdivisions in Salem
Similar Listings Nearby
Property Summary
- 64 Ward St Salem MA is a Commercial for sale in Salem, MA, 01970. It is listed for $1,395,000 To schedule a showing of MLS#73500853 at 64 Ward St in Salem, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of Bay State Realty Group, Inc.. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
64 Ward St
Salem, MA