Sold
14 Forest Ave, Salem, MA
Salem · MA 01970
- $840,000
- Price
- 6
- Beds
- 2
- Baths
- 2380
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1915
Units:
2 Units
Lot size:
2,696 Sq.Ft Lot
Price per square foot:
$357 / Sq.Ft
Parking:
2 Off Street Spaces
About this home
A true turnkey investment awaits at 14 Forest Ave in desirable downtown Salem! This meticulously maintained two-family home, encompassing approximately 2380 sq ft of living space, offers an exceptional opportunity with a strong rental history and significant capital improvements already in place. Investors will appreciate the peace of mind provided by slate roof and newer vinyl siding, coupled with the crucial 2023 updates of new forced hot air furnaces and condensers for both units. Unit 1 is currently leased at $2,900 a month featuring the sought-after convenience of in-unit laundry, a new hot water tank (2024), a private side deck, and two parking spaces. Unit 2, recently vacated and poised for new tenancy at an estimated $2,750/month, provides immediate rental potential and includes a private side porch. With a full basement and walk-up attic for extensive storage or living space expansion. This property is a compelling asset in the robust Salem real estate market.
Neighborhood & Transit
14 Forest 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:
- 512 days
- Listing Price:
- $849,000
- Price per Sq.Ft:
- $357
- Tax Assessment:
- $657,200 in 2025
- Taxes:
- $621 / Monthly
Home Facts
Interior Features
- Bedrooms
- 6
- Full Bathrooms
- 2
- Half Bathrooms
- 0
- Living Area
- 2,380 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 2380
- Flooring
- Unknown
- Lead paint
- Yes, Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Circuit Breakers
Exterior Features
- Lot Size
- 2,696 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 2 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Vinyl
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- The Team - Real Estate Advisor
- Listing office
- Coldwell Banker Realty - Cambridge
- MLS PIN #
- 73385355
- Disclosure
- Unit 2 currently vacant, rental amount of $2750 was the previous monthly rent.
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