8 Ward St, Salem MA 01970

Salem, MA 01970
$602,000
Est. $3,204/month
5
Beds
2
Baths
1,674
Sq Ft
$360
Price/Sq Ft
0.04
Acres
1915
Year Built
Multi Family
Type
20
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73393313

About this home

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.

Sale Statistics

Sale Overview
Original List Price: $650,000
Final Sale Price: $602,000
Difference: $48,000 (-7.4%)
Performance Metrics
92.6%
List to Sale Ratio
Sold below asking price
20
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $388
Sale $/sq ft: $360
This property sold for $360 per square foot
Sale Summary

This property sold for 7.4% below the original asking price.

With only 20 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
Multi Family
Property Category
Residential Income
Year Built
1915
Bedrooms
5
Full Bathrooms
2
Living Area
1,674 sq ft
Total Rooms
12
Stories
3
Levels
3

Interior Features

Flooring
Hardwood
Has Fireplace
No
Basement Details
Full

Exterior & Structure

Roof
Slate
Foundation
Brick/Mortar
Patio/Porch Features
Porch
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.04 acres
Lot Size
1,912 sq ft
Lot Size Area
0.0400
Road Surface Type
Paved
Road Frontage Type
Public

Parking & Garage

Has Garage
No
Parking Features
Paved Drive

Utilities & Systems

Water Source
Public
Sewer
Public Sewer

Community & HOA

Community Features
Public Transportation, Shopping, Laundromat
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$5,303
Tax Year
2025
Tax Assessed Value
$467,600
Parcel Number
M:34 L:0362,2135841
Zoning
R3

Additional Details

Year Built Source
Public Records
Year Built Details
Actual

Location

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Neighborhood

8 Ward St, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $442
Homeowners Insurance $200
PMI $0

Property History

Market Insights

0.3%
Price Range
21
Total Days on Market

Property Timeline

Sold
Aug 6, 2025
$602,000
Property sold
Days on Market: 21
🏠
Listed for Sale
Jun 18, 2025
$599,900
Original listing
Agent: Jordan Ryan Office: Keller Williams Realty Evolution

Price & Status History

Date Event Price Change
Jun 18, 2025 New Listing Added $599,900

Market Statistics

Days on Market
20 days
Price per Sq Ft
$360

Tax History

Year Taxes Assessment
2025 $5,303 $467,600

Financial Details

Annual Property Tax
$5,303
Tax Year 2025
Assessed Value
$467,600

Listing Information

Listing Agent Jordan Ryan
Listing Office Keller Williams Realty Evolution
Agent MLS ID CN255751
Office MLS ID C95098

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