Sold
$1,020,000on May 28, 2026
Listed at $1,100,000 · -7.3% vs list
$1,100,000
Sold101 Ocean Ave
Salem, MA, 01970
Multi-Family · MLS #73491641
Sold $/sqft
$232
Sold in
1 day
Year built
1930
Lot size
0.11 ac
4,394 sq ft
Sq Ft
0.11 acres
Lot
1930
Year Built
Taxes: $11,051 (2025)
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.
Property details
- Basement
- Interior Access, Concrete Floor
- Electric
- 200 Amps
Listed by AD Advisors Team · Block Realty
This home has sold
Sold for $1,020,000on May 28, 2026
-7.3% vs list
Showings aren't available for this property, but Antonio Illas can find you homes like this one in Salem that are still on the market.
Compare
Similar homes in Salem
Recently sold
