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.

Property Details

Price:
$599,900
MLS #:
73393313
Status:
Active
Beds:
5
Baths:
2
Address:
8 Ward St
Type:
Multi Family
City:
Salem
Listed Date:
Jun 18, 2025
State:
MA
Finished Sq Ft:
1,674
Total Sq Ft:
1,674
ZIP:
01970
Lot Size:
1,912 sqft / 0.04 acres (approx)
Year Built:
1915
Units:
2

Schools

Interior

Bathrooms
2 Full Bathrooms
Flooring
Hardwood

Exterior

Community Features
Public Transportation, Shopping, Laundromat
Parking Features
Paved Drive
Roof
Slate

Financial

Tax Year
2025
Taxes
$5,303

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CRP: Certified Relocation Professional
CRS: Certified Residential Specialist
GRI: Graduate of Realtors Institute
CBR: Certified Buyers Representative
BSBA: Bachelor of Science in Business Administration. Babson College 1979
MBA: Master of Business Administration. Babson College 2002

James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…

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8 Ward St
Salem, MA