Building Details

Year Built 1915

Listing Agency: Engel & Volkers By the Sea Show Phone

Listed By: Victor Paulino · License #9531133

Source: Donahuere

Added: May 13 Changed: Sep 26 Last Checked: Sep 26 at 2:41PM

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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

Property Analytics

Current Use

Residential income properties

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Computer & Electronic Repair Butcher Pet Grooming Service Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,593

Businesses Nearby

Explore this area Business Placement

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

Questions? Ask Rey

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What type of property is this? Where is this residential income properties located? What is the asking price? Find similar properties What are key features of this property?

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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