Excellent opportunity in the heart of downtown Salem. This two-family home offers strong potential for investors or owner-occupants willing to bring some updates. Both units offer flexible layouts, high ceilings, and character throughout. With some work, this property could shine as a long-term rental, owner-occupied investment, or possible short-term rental (buyer to do due diligence). Just steps from shops, restaurants, museums, and public transportation, this location is ideal for maximizing value and demand. A rare chance to invest in one of Salem’s most walkable areas.
Sold for $602,000
$602,000
8 Ward St, Salem, MA 01970
5beds
1,674sqft
Multi Family
Built in 1915
-- sqft lot
$601,500 Zestimate®
$360/sqft
$3,438 Estimated rent
Home value
$601,500
$547,000 - $662,000
$3,438/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: August 06, 2025 at 01:24pm
Listed by:
Jordan Ryan 978-530-7604,
Keller Williams Realty Evolution 978-927-8700
Bought with:
Nicole Kalmanidis
Coldwell Banker Realty - Boston
Source: MLS PIN,MLS#: 73393313
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Features
- Flooring: Hardwood
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 1,674
- Total interior livable area: 1,674 sqft
- Finished area above ground: 1,674
Property
Parking
- Parking features: Paved Drive
- Has uncovered spaces: Yes
Features
- Patio & porch: Porch
Lot
- Size: 1,912 sqft
Details
- Parcel number: M:34 L:0362,2135841
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Brick/Mortar
- Roof: Slate
Condition
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Laundromat
Location
- Region: Salem
HOA & financial
Other financial information
- Total actual rent: 0
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 8/6/2025 | Sold | $602,000+0.4%$360/sqft |
Source: MLS PIN #73393313 Report a problem | ||
| 6/26/2025 | Price change | $599,900-7.7%$358/sqft |
Source: MLS PIN #73393313 Report a problem | ||
| 6/18/2025 | Listed for sale | $650,000$388/sqft |
Source: MLS PIN #73393313 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,303 +2.7% | $467,600 +5.2% |
| 2024 | $5,165 +5.7% | $444,500 +13.8% |
| 2023 | $4,888 | $390,700 |
Find assessor info on the county website
Neighborhood: 01970
Nearby schools
GreatSchools rating
- 5/10Saltonstall SchoolGrades: K-8Distance: 0.3 mi
- NASalem Prep High SchoolGrades: 9-12Distance: 0.3 mi
- 4/10Collins Middle SchoolGrades: 6-8Distance: 0.7 mi
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Estimated market value$601,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$601,500