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Rear Residential Income Property

56 Ward St, Salem, MA 01970

For Sale
$335,000

The unit has three bedrooms and one bathroom, with a recently installed heating system.

Property SizeContact for details
Days on Market185

Property Features for 56 Ward St

General Information

Standard status Active
Property subtype Apartment

Amenities

Range
Dishwasher
Microwave
Refrigerator
Wood
Tile
Baseboard, Natural Gas
1.0 Story
$2,539 Taxes
Public
Built in 1915

Building Details

Year Built 1915
Listing Agency: Engel & Volkers By the Sea
Listed By: Victor Paulino · License MA #9531133
Source: Donahuere
Added: May 13 Changed: Nov 3 Last Checked: Nov 12 at 4:12AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Engel & Volkers By the Sea

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Investment Insights

Based on property information with market context.

Built in 1915, this rear residential unit has three bedrooms and one bathroom. A newer heating system serves the unit, and the roof and deck received updates a few years ago.

Downtown Salem, Pickering Wharf, restaurants, shops, and the waterfront are minutes away. Bluebikes are less than a minute from the property. Waterfront condominiums and retail development are located across the street.

Key Highlights

  • Three‑bedroom, one‑bathroom rear unit
  • New heating system
  • Roof and deck updated a few years ago

Location Intelligence

Trade Area within ½ mile

2,593
Businesses Nearby

Demographics for 01970, MA

44,451
Population
20,920
Households
2.1
Avg Household Size
39
Median Age
50%
College-Educated
92%
High-School Grad
8.2 sq mi
ZIP Area
5,421
Density / Sq Mi
$85,189
Median Household Income
$52,024
Median Earnings
$1,800
Median Rent
$497,500
Median Home Value

Market

Average Price Trend$/SF for Residential income properties in Salem, MA

$347 Jul
$349 Aug
$313 Sep
$320 Oct

Properties on Market for Residential income properties in Salem

Jul
Aug
Sep
Oct

Frequently Asked Questions

What type of property is this?
Residential income property - The unit has three bedrooms and one bathroom, with a recently installed heating system.
Where is this residential income property located?
The property is located at 56 Ward St Salem, MA.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Three‑bedroom, one‑bathroom rear unit; New heating system; Roof and deck updated a few years ago
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