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44-50 Ward Street, Salem, MA

Salem · MA 01970

$2,800,000
Price
30
Beds
12
Baths
13266
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1920
Units: 12 Units
Lot size: 7,714 Sq.Ft Lot
Price per square foot: $224 / Sq.Ft
Parking: No Parking

About this home

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.

Neighborhood & Transit

44-50 Ward Street, Salem · MA 01970

Nearby transit

Within 0.5 mile, measured straight-line to the nearest station entrance.

No subway or commuter rail stations within 0.5 mile.

Price Insight

Days on Market:
1652 days
Listing Price:
$2,975,000
Price per Sq.Ft:
$224
Tax Assessment:
$1,581,400 in 2021
Taxes:
$1,819 / Monthly

Home Facts

Interior Features

Bedrooms
30
Full Bathrooms
12
Half Bathrooms
0
Living Area
13,266 Sq.Ft
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
Unknown
Flooring
Unknown
Lead paint
Unknown

Utilities

Heating Type
Unknown
Heating Zone
Unknown
Cooling
Unknown
Cooling Zones
Unknown
Water
Unknown
Sewer
Unknown
Electric Features
Circuit Breakers, Individually Metered

Exterior Features

Lot Size
7,714 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
0 Parking Spaces
Off Street Parking
None

Construction Details

Construction Type
Unknown
Siding
Unknown
Roof
Unknown

Green Features

Electric Vehicle Charger
Unknown
Solar Panels
Unknown
Green Certified
Unknown
Insulation Features
Unknown
Energy Features
Unknown

Listing information

Listing agent
Mary Iapicca
Listing office
North Shore Realty Pros
MLS PIN #
72891839