Sold
13-15 Ocean Terrace, Salem, MA
Salem · MA 01970
- $1,400,000
- Price
- 7
- Beds
- 5
- Baths
- 3647
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1900
Units:
4 Units
Lot size:
5,667 Sq.Ft Lot
Price per square foot:
$384 / Sq.Ft
Parking:
5 Off Street Spaces
About this home
Wake up to the sound of the ocean and watch the sunrise from your window?this is everyday life at this rare 4-family home in Salem?s beloved Forest River Park neighborhood. With ocean views from nearly every room, this property offers the perfect blend of lifestyle and income. The flexible layout features three bright and efficient 1-bedroom, 1-bath units, plus a sun-filled 3?4 bedroom, 2-bath townhouse-style unit?ideal for owner-occupancy or maximizing rental potential. Enjoy two updated kitchens, several refreshed baths, beautiful hardwood floors, and a roof replaced less than 3 years ago. With five off-street parking spots and a shared yard, outdoor living is just as appealing as the view. Enjoy mornings at Forest River Park, spend weekends on nearby beaches, and explore downtown Salem?s shops, restaurants, and culture?all just minutes from your door. Whether you?re building a portfolio or dreaming of coastal living with bonus income, this one-of-a-kind property delivers.
Neighborhood & Transit
13-15 Ocean Terrace, 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:
- 482 days
- Listing Price:
- $1,399,999
- Price per Sq.Ft:
- $384
- Tax Assessment:
- $1,112,400 in 2025
- Taxes:
- $1,051 / Monthly
Home Facts
Interior Features
- Bedrooms
- 7
- Full Bathrooms
- 5
- Half Bathrooms
- 0
- Living Area
- 3,647 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 3647
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 5,667 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 5 Parking Spaces
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
- Shannon McInnis
- Listing office
- Keller Williams Realty Evolution
- MLS PIN #
- 73402986
- Disclosure
- Seller is licensed agent in MA. This sale is contingent upon successful simultaneous purchase of 135 and 135 Derby St in Salem which is currently under agreement and part of a 1031 exchange. Buyer to cooperate with sellers 1031 exchange.