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101 Ocean Ave, Salem MA 01970

Salem, MA 01970
$1,100,000
Est. $6,683/month
6
Beds
4
Baths
4,394
Sq Ft
$250
Price/Sq Ft
0.11
Acres
1930
Year Built
14 hours 57 minutes
Time on Market
Active Listed Mar 25, 2026 • MLS# 73491641 Copied!

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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Property Overview

Property Type
4 Family
Listing Type
For Sale
Year Built
1930
Bedrooms
6
Full Bathrooms
4
Living Area
4,394 sq ft
Total Rooms
18
Stories
4
Levels
4

Facts & Features

Home Facts

Type Residential Income
Style 4 Family
Year Built 1930
Living Area 4,394 sq ft
Lot Size 0.11 acres
Bedrooms 6
Full Baths 4
Total Rooms 18

Interior

Heating None
Cooling None
Flooring Vinyl, Laminate
Appliances None
Fireplace None
Basement Interior Entry, Concrete
Laundry None
Features None

Exterior

Construction Frame
Architecture None
Roof None

Parking

Features Paved Drive, Leased
Total Spaces 4

Utilities

Electric 200+ Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range

Financial

Annual Tax $11,051
Assessed Value $974,500

Interior Features

Flooring: Vinyl, Laminate
Appliances:
Interior Features:
Windows:
Basement: Interior Entry, Concrete
Laundry:
Security:

Construction & Materials

Year Built: 1930
Structure Type:
Exterior Materials: Frame
Roof:
Foundation: Stone
Stories: 4

Heating, Cooling & Utilities

Heating:
Heating Zones: 4
Cooling:
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer

Parking & Garage

Total Parking Spaces: 4
Parking Features: Paved Drive, Leased

Location

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Neighborhood

101 Ocean Ave, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $921
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Property Timeline

🏠
Listed for Sale
Mar 25, 2026
$1,100,000
Original listing
Agent: AD Advisors Team Office: Block Realty

Price & Status History

Date Event Price Change
Mar 25, 2026 New Listing Added $1,100,000

Market Statistics

Time on Market
14 hours 57 minutes
Price per Sq Ft
$250

Tax History

Year Taxes Assessment
2025 $11,051 $974,500

Financial Details

Annual Property Tax
$11,051
Tax Year 2025
Assessed Value
$974,500

Listing Information

Listing Agent AD Advisors Team
Listing Office Block Realty
Agent MLS ID TM359421
Office MLS ID AN7557
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Market Analytics for Salem, MA

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Steven Novak

Steven Novak

BMN Boston Real Estate

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