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.
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Last Checked: April 18th, 2026 at 5:33am (Source: MLS PIN #73500853)
General Information for 64 Ward St, Salem MA 01970
Listing ID73500853
Property TypeCommercial Sale / Commercial
Price$1,395,000
Style
CitySalem
CountyEssex
Neighborhood(s)Ipswich
ZoningR3
Year Built1900
Disclosures for 64 Ward St, Salem MA 01970
Lead Paint
UFFI
Living Area Includes Basement
Living Area Disclosure
Building Area Source
Special Listing Conditions
Exclusions.
Compensation Based On
Contact Information for 64 Ward St, Salem MA 01970