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Federal 30-year interest rate: 6.66% last updated on 2026-08-27

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Sold
44-50 Ward Street Salem MA 0197044-50 Ward Street Salem MA 0197044-50 Ward Street Salem MA 0197044-50 Ward Street Salem MA 0197044-50 Ward Street Salem MA 0197044-50 Ward Street Salem MA 0197044-50 Ward Street Salem MA 0197044-50 Ward Street Salem MA 01970
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  • 30Bedrooms
  • 12Bathrooms
  • 13,266Square Feet
Great investment opportunity located next-door to Pickering Wharf. The property includes 2 all-brick multi-family buildings with 6 units in each. Units in building 46-44 are all 3 bedrooms and units in 50-48 are 2 bedrooms. Take advantage of rising property values and the increasing rental income of downtown Salem. Buildings are fully tenanted and have been family owned and maintained for over 18 years. Renovations of the property have been completed during this time. Unfinished private basement with working half bath provides opportunity for a workshop, storage space or future laundry room for new owner. Owner is also listing the units to be sold separately- see individual listings for details. Please see the document attached for income/expenses and a rent roll. Open house by appointment only- 9/12 between 10-2pm.
Listed by Mary Iapicca of North Shore Realty Pros

Listing Sold by RE/MAX On the River, Inc.

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More Info

Basic Information

  • Gross Income $222,240
  • Lot Features Other
  • Mls StatusSold
  • Parcel Number M:34 L:0351

Location

  • Address44-50 Ward Street
  • Building Number44-50
  • CountyEssex
  • StateMA
  • StreetWard Street
  • TownSalem
  • Zip01970

Property

  • Acreage0.18

Exterior

  • RoofRubber

Property Information

  • Building Area Source Public Records
  • Living Area 13,266
  • Lot Size Square Feet 7,714
  • Lot Size Units Acres
  • Square Feet13,266

Tax Information

  • Tax Assessed Value $1,581,400
  • Tax Year 2021
  • Taxes$21,824

Basic Information

  • GO-List Price$2,975,000
  • MLS Number72891839
  • Modification Date08/06/2022
  • Property SubType5-9 Family
  • Purchase Contract Date10/25/2021
  • Sale Date11/24/2021
  • Sale Price$2,800,000

Interior

  • Interior Features Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen)

Utilities

  • Electric Circuit Breakers, Individually Metered
  • Electric Expense 796
  • Sewer Public Sewer
  • Water Source Public

Water Body

  • Miles to Beach2
  • Waterfront Features Beach Front, Ocean,1 to 2 Mile To Beach, Beach Ownership(Public)

Parking

  • Open Parking YN Yes
  • Parking Spaces

Rooms

  • Bathroom12
  • Bathrooms Total Decimal 12
  • Bedrooms30
  • Full Bath12

Building

  • BasementFull, Partial, Concrete
  • Building Area Units Square Feet
  • Construction Materials Brick
  • FoundationBrick/Mortar
  • Rooms54
  • Stories3
  • Units12
  • Year Built1920
  • Year Built Details Approximate
  • Year Built Source Public Records

Amenities

  • AmenitiesPublic Transportation, Shopping, Park, T-Station, University
  • Other AmenitiesBasement, Beachfront

Other

  • Buyer Agency Compensation2
  • Date Listed09/08/2021
  • Farm Land Area Units Square Feet
  • Transaction Broker Compensation1

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

I agree to receive marketing and customer service calls and text messages from Levi Test Cloner2. To opt out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Privacy Policy.

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