Sold
101 Ocean Ave, Salem, MA
Salem · MA 01970
- $1,020,000
- Price
- 6
- Beds
- 4
- Baths
- 4394
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1930
Units:
4 Units
Lot size:
4,652 Sq.Ft Lot
Price per square foot:
$250 / Sq.Ft
Parking:
4 Off Street Spaces
About this home
Cash Buyer Opportunity or renovation loan ? Exceptional income-producing four-unit asset with strong upside potential. Two units have been fully renovated and are currently leased, offering immediate, stable income. A third unit features a long-term tenant and presents a clear value-add opportunity, with the potential to be easily converted from a one-bedroom into a two-bedroom. 4TH UNIT REQUIRES A FULL RENO AND IS UNINHABITABLE SO PLEASE CHECK WITH YOUR LENDER ON FINANCING. A compelling opportunity for investors seeking both cash flow and future appreciation. This property sits right off of Canal street with plenty of commercial and restaurants within short distance and a future train station and other public transit close by. Great sized parking lot in rear. 48 hours notice for all showings. Do not walk on premises without the agent.
Neighborhood & Transit
101 Ocean Ave, 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:
- 224 days
- Listing Price:
- $1,100,000
- Price per Sq.Ft:
- $250
- Tax Assessment:
- $974,500 in 2025
- Taxes:
- $921 / Monthly
Home Facts
Interior Features
- Bedrooms
- 6
- Full Bathrooms
- 4
- Half Bathrooms
- 0
- Living Area
- 4,394 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 4394
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- 200 Amps
Exterior Features
- Lot Size
- 4,652 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 4 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Aluminum
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- AD Advisors Team
- Listing office
- Block Realty
- MLS PIN #
- 73491641
- Disclosure
- Seller has never lived in the property
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1 matching listing
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