Link Copied
Listed price in listed location currency (USD).
$840,000
$849,000

622

MLS® 73385355

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 2380 sqft
Garage No
Taxes $7,453
Lot Size 0.06 acres
Approx. Age 1915
Avg. Price Per Sqft $356
MLS® Number 73385355

Property Address: 14 Forest Ave, Salem, MA, 01970-4548

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

Description

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.
MLS® Number73385355
Laundry Level
Central VacNo
FireplaceNo
Acreage0.06
Exterior
GarageNo
Approx. Age1915
BasementFull, Interior Entry, Bulkhead, Concrete
DrivewayOff Street, Tandem
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

Jun 25, 2025End Date
$840,000Sold Price

Sold

Jun 4, 2025List Date
$849,000List Price
  • Commute

Commute

Starting Address
Destination Address
14 Forest Ave, Salem, MA

Curious about your home's value?

Comparable Properties