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17-Unit Multifamily Development Opportunity

64 Ward St Salem Salem, MA 01970

64 Ward St Salem, Salem, MA, 01970
$1,395,000
For Sale
$1,395,000

Concept plans for studio through two-bedroom units, with potential Chapter 40R redevelopment in Salem.

Days on Market50

Property Features for 64 Ward St Salem

General Information

Standard status
Active

Building Details

Year Built
1900
Listing agency
Listed by Alyson Roslonek
Source Milestonerealtyinc
Added: Jun 3 Updated: Jul 10 at 1:49PM Checked: Jul 21 at 3:37AM

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 Alyson Roslonek


Investment Insights

Based on property information with market context.

This offering includes concept plans for a 17-unit multifamily building at 64 Ward St in Salem, MA. The proposed layout calls for a mix of studio, one-bedroom, and two-bedroom units, designed around efficient use of space.

The site is described as being located close to downtown Salem, with access to transportation and Boston. The property is being presented as a redevelopment opportunity for buyers or development groups looking to move forward with a planned multifamily project in the area.

Per the provided remarks, the property may be considered for use under Massachusetts Chapter 40R, which is cited as a potential pathway to support smart growth zoning strategies and increased density in appropriate areas. For developers seeking a concept-based framework and the option to evaluate Chapter 40R during planning, this site offers a defined unit mix and a direction for feasibility work. Buyers should verify eligibility and any zoning or approval requirements during due diligence.

Key Highlights

  • Concept plans for a proposed 17‑unit multifamily building in Salem
  • Proposed unit mix includes studio, 1‑bedroom, and 2‑bedroom apartments
  • Year built: 1900

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

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

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Concept plans for studio through two-bedroom units, with potential Chapter 40R redevelopment in Salem.
Where is this apartment building located?
The property is located at 64 Ward St Salem Salem, MA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Concept plans for a proposed 17‑unit multifamily building in Salem; Proposed unit mix includes studio, 1‑bedroom, and 2‑bedroom apartments; Year built: 1900
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