101 Ocean Ave, Salem, MA 01970

Salem
Local realty services provided by:Cohn & Company ERA Powered
101 Ocean Ave,Salem, MA 01970
$1,100,000
  • 6 Beds
  • 4 Baths
  • 4,394 sq. ft.
  • Multi-family
  • Active
Listed by: ad advisors team
Office: block realty
MLS#:73491641
Source:MLSPIN

Price summary

  • Price:$1,100,000
  • Price per sq. ft.:$250.34

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.

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Home facts

  • Year built:1930
  • Listing ID #:73491641
  • Updated:March 27, 2026 at 10:29 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:4
  • Full bathrooms:4
  • Rooms Total:18
  • Flooring:Laminate, Vinyl
  • Basement Description:Concrete, Interior Entry
  • Living area:4,394 sq. ft.

Structure and exterior

  • Year built:1930
  • Building area:4,394 sq. ft.
  • Lot area:0.11 Acres
  • Construction Materials:Frame
  • Foundation Description:Stone

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,100,000
  • Price per sq. ft.:$250.34
  • Tax amount:$11,051 (2025)

Parking

  • Total parking spaces:4
  • Parking description:Leased, Paved Drive
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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