Residence at 581 Salem Street
Residence at Salem Street is a residential development located off Interstate 95 in Wakefield, MA. This development consists of 19 rental apartments. 3 units are designated as income-restricted or “affordable” to households earning at or below 80% of Area Median Income (“AMI”) for the Boston-Cambridge-Quincy PMSA (“BCQ”).
FEATURES
Elevator
Onsite Parking (additional fees apply)
Fitness Center
Business & Conference Room
Package Room
Digital Intercom & Keyless Entry
Exterior Pet Waste Stations
Climate Controlled Trash Room
NEIGHBORHOOD
The Residence at 581 Salem Street has direct access to Route I95. It is a short travel to the Wakefield commuter rail. Less than one mile to MarketStreet, the Residence at 581 Salem Street is minutes from their dining and retail shops, where you will find options such as Whole Foods and Starbucks. There is also easy access to highways and public transportation.
FIRST COME, FIRST SERVED / PROCESS
Please note, this is not a lottery. Applications for Residence at 581 Salem Street are processed on a first come, first served basis, as apartments become available.
If there is no current availability, applications are added to the waiting list and are reviewed upon receipt to ensure completion and proper documentation only. Applications will then be reviewed for eligibility when they are reached on the waiting list.
Applicants will be emailed upon receipt of their application and upon each application review. Please check your email regularly.
JOIN OUR COMMUNITY / AVAILABILITY & ELIGIBILITY
Residence at 581 Salem Street is a mixed-income community offering affordable apartment rentals. Eligibility and income restrictions apply. Find current availability and income limits in the table below.
Minimum income limits apply unless the household receives mobile housing assistance (including, but not limited to: VASH, Section 8 and MRVP).
Minimum income limits apply unless the household receives mobile housing assistance (including, but not limited to: VASH, Section 8 and MRVP).
- Program: 40B
- Number of Income-Restricted Apartments: 3
- Apartment Sizes: 1-Bedroom, 2-Bedroom
- Income-Restricted, ADA-Accessible Apartments: 0
- Maximum Income Limit: 80% AMI (Area Median Income) — Based on HUD Limits
- Asset Limit: No asset limit for 40B
Current Rental Availability
| Property | # Beds | Rent | Minimum Income | Income Limit (AMI) | Units Available | Accessible Units |
|---|---|---|---|---|---|---|
| The Basin | 2-Bedroom (ADA-M Unit) | $2,541 | $67,082 | 80% | 1 (ADA-M Unit) | 1 Unit built out for Households with Mobility Impairments |
| The Bon | Micro Studio (Fully Furnished) | $1,244 | $37,320 | 70% | 1 | 0 |
| Emery Flats | 1-Bedroom | $2,266 | $67,980 | 80% | 2 | 0 |
| Pastures at Dover | 2-Bedroom | $2,540 | $76,200 | 80% | 1 | 0 |
| Bremen 282 | Studio (Certified-Artist Only Unit w/ $200/month Artist Fee) | $1,175 | $35,250 | 60% | 1 (Certified-Artist Only Unit w/ $200/month Artist Fee) | 0 |
| 93 Centre Street | 1-Bedroom | $1,823 | $54,690 | 80% | 1 | 0 |
| 40 Malvern | 2-Bedroom | $1,876 | $56,280 | 70% | 1 | 0 |
| The Cove | 2-Bedroom | $2,587 | $77,610 | 80% | 1 | 0 |
| 536 Broadway | 1-Bedroom | $2,100 | $63,000 | 80% | 1 | 0 |
| Beacham Street Apartments | 1-Bedroom | $1,900 | $57,000 | 80% | 4 | 0 |
| Mason | 1-Bedroom | $2,288 | $68,640 | 80% | 2 | 1 |
| Essex Landing | 1-Bedroom | $1,700 ( reduced rent due to unit being above fitness center) | $51,000 | 80% | 1 | 0 |
| Essex Landing | 1-Bedroom | $2,100 | $63,000 | 80% | 1 | 0 |
| Jefferson Station | 1-Bedroom | $2,290 | $68,700 | 80% | 1 | 0 |
| Jefferson Station | 2-Bedroom | $2,714 | $81,420 | 80% | 1 | 0 |
| Prynne Hills | 1-Bedroom | $2,227 | $66,810 | 80% | 2 | 0 |
| Prynne Hills | 2-Bedroom | $2,441 | $73,230 | 80% | 1 | 0 |
| The Overlook at St. Gabriel's | 2-Bedroom | $3,704 | $111,120 | 150% | 1 | 0 |
| The Overlook at St. Gabriel's | 1-Bedroom | $3,079 | $92,370 | 150% | 1 | 0 |
| The Overlook at St. Gabriel's | Studio | $2,833 | $84,990 | 150% | 1 | 0 |
| The Overlook at St. Gabriel's | Studio | $2,683 | $80,490 | 150% | 1 | 0 |
| The Overlook at St. Gabriel's | Micro Studio | $2,533 | $75,990 | 150% | 1 | 0 |
| The Tremont | 1-Bedroom (ADA-M Unit) | $2,467 | $74,010 | 80% | 1 (ADA-M Unit) | 1 Unit built out for Households with Hearing Impairments |
| The Huntington | 2-Bedroom | $2,746 | $82,380 | 80% | 1 | 0 |
| Halstead Burlington | Studio | $2,050 | $55,350 | 80% | 2 | 0 |
| Halstead Burlington | 1-Bedroom | $2,500 | $67,500 | 80% | 1 | 0 |
| Halstead Burlington | 2-Bedroom | $2,900 | $78,300 | 80% | 1 | 0 |
| Ellington Metro West | 1-Bedroom | $1,803 | $54,090 | 80% | 1 | 0 |
| Ellington | 2-Bedroom | $1,987 | $59,610 | 80% | 1 | 0 |
| Essex Street Lofts | Studio | $1,492 | $44,760 | 80% | 2 | 0 |
| Essex Street Lofts | 1-Bedroom | $1,685 | $50,550 | 80% | 1 | 0 |
| Lux | 1-Bedroom | $1,981 | $59,430 | 80% | 1 | 0 |
| Lux | 2-Bedroom | $2,361 | $70,830 | 80% | 2 | 0 |
| 7Ink | Single Room Occupancy (SRO) | $1,214 | $36,420 | 70% | 1 | 0 |
| 525 Linc | Single Room Occupancy (SRO) | $1,138 | $34,140 | 70% | 3 | 0 |
| Oxbow Wayland | 1-Bedroom (Age-Restricted 55+) | $2,150 | $64,500 | 80% | 1 (Age-Restricted 55+) | 0 |
| The Aven at Newton Highlands | 1-Bedroom | $2,245 | $67,350 | 80% | 1 | 0 |
| Helix | Studio | $2,050 | $54,120 | 80% | 1 | 0 |
| 16 Laurel | 1-Bedroom | $2,100 | $63,000 | 80% | 1 | 1 Unit built out for Households with Audio Visual Impairments |
| 16 Laurel | 2-Bedroom | $2,746 | $82,380 | 80% | 1 | 1 Unit built out for Households with Mobility Impairments |
| 1180 Great Plain | 1-Bedroom | $2,221 | $66,630 | 80% | 1 | 0 |
| Village Green | 2-Bedroom | $2,591 | $77,730 | 80% | 1 | 0 |
| Oriole Landing | 1-Bedroom | $2,100 | $63,000 | 80% | 2 | 0 |
| Gateway at Millis | 2-Bedroom | $2,472 | $74,160 | 80% | 2 | 1 Unit built out for Households with Mobility Impairments |
| Tidewater | 2-Bedroom | $2,585 | $77,550 | 80% | 1 | 0 |
| The Artemis | 1-Bedroom (ADA-M Unit) | $2,250 | $67,500 | 80% | 1 (ADA-M Unit) | 1 Unit built out for Households with Mobility Impairments |
2025 HUD Income Limits
| Household Size | 50% | 80% | 120% |
|---|---|---|---|
| 1 Person | $57,900 | $92,650 | $135,156 |
| 2 Person | $66,200 | $105,850 | $154,464 |
| 3 Person | $74,450 | $119,100 | $173,772 |
| 4 Person | $82,700 | $132,300 | $193,080 |
| 5 Person | $89,350 | $142,900 | $208,526 |
| 6 Person | $95,950 | $153,500 | $223,973 |
NEXT STEPS
INCOME & ELIGIBILITY QUESTIONS / FAQ
How is my income calculated?
The household income is calculated based on the gross income of the household. Commissions, bonuses and other regular payments are included and considered part of the gross annual income.
I didn’t file taxes last year. What do I need to provide?
Individuals or households who did not file taxes must provide a verification of non-filing from the IRS in lieu of a tax return. To obtain the verification of non-filing, applicants should fill out a 4506-T form and file it by mail or hand-deliver it to an IRS office. The IRS will mail back a letter of verification which must be provided with the income materials given to the marketing agent. See the IRS website to download a 4506-T form.
I received a pay raise between the time I picked up an application and the time I was income certified and now I am over the income limit. What do I do?
Income is calculated at the time the applicant submits an application to the lottery agent, not during the application process or at the time of the lottery. Eligibility must be maintained from the time of the application pick up until after income certification verification. Unfortunately, if an applicant’s income is over the income limit, the applicant will not be eligible for the particular unit for which they applied.
I have children in school/college, how does this affect my application?
Income from children in school/college under the age of 18 is not considered towards the income of the household.
Are student loans considered income?
Student loans are not considered income and may not be used to income qualify.
I am separated from my spouse, does this affect my application?
Legally married couples shall both be considered part of the household, even if separated. Applicants with additional questions regarding this policy must speak with the marketing agent/seller.
I would like to appeal a decision regarding income eligibility. How do I appeal? Applicants who are rejected will receive a rejection letter in writing and will be given 7 days for the opportunity to appeal the decision.
PROPERTY & COMMUNITY QUESTIONS / FAQ
Property Questions:
What are the move-in fees? First month’s rent (prorated), last month’s rent, & security deposit equal to 1 month’s rent.
What utilities are included in the rent? None. Tenants are responsible for all utilities including electricity (cooking), gas (heating), water/sewer, cable & internet (optional).
Is the stove electric or gas? Electric.
Is the washer/dryer included? Yes. In-unit.
Is parking available? Parking will be available for an additional fee.
Is storage available? Additional storage is not included nor available to rent/purchase.
What is the pet policy? Small pets are allowed for an additional fee.
If you have additional questions about this property, please contact us.
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