$1,395,000
Active64 Ward St
Salem, MA, 01970
Commercial · MLS #73500853
Days on market
New today
Lot size
0.20 ac
0.20 acres
Lot
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.
Location
64 Ward St, Salem, MA, 01970
Property details
- Parking
- 1-10 Spaces, Paved Driveway
Listed by David Seetaram · David Seetaram
Schedule a showing
64 Ward St
Estimated payment
$9,030 / month
Loan term
- Principal & interest
- $7,054
- Property tax
- $1,395
- Home insurance
- $581
Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses 1.2% of price (MA average).