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Listed price in listed location currency (USD).
$1,100,000

644

MLS® 73491641

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 4394 sqft
Garage 
Taxes $11,051
Days Active 15
Lot Size 
Approx. Age 1930
Avg. Price Per Sqft $250
MLS® Number 73491641

Property Address: 101 Ocean Ave, Salem, MA, 01970-4640

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number73491641
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1930
BasementInterior Entry, Concrete
DrivewayPaved Drive, Leased
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 25, 2026List Date
$1,100,000List Price
  • Commute

Commute

Starting Address
Destination Address
101 Ocean Ave, Salem, MA

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