$1,100,000
101 Ocean Ave
Salem, MA, 01970
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
Price:
$1,100,000
MLS #:
73491641
Status:
Pending
Beds:
6
Baths:
4
Type:
Multi Family
Subtype:
4 Family
Listed Date:
Mar 25, 2026
Finished Sq Ft:
4,394
Total Sq Ft:
4,394
Lot Size:
4,652 sqft / 0.11 acres (approx)
Year Built:
1930
Units:
4
Schools
Interior
Above Grade Finished Area
4394
Bathrooms
4 Full Bathrooms
Flooring
Vinyl, Laminate
Levels
4
Exterior
Construction Materials
Frame
Open Parking Spaces
4
Open Parking YN
1
Parking Features
Paved Drive, Leased
Parking Spots
4
Parking Total
4
Stories
4
Financial
Tax Year
2025
Taxes
$11,051
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Map
Current real estate data for Multi Family in Salem as of May 04, 2026
21
Multi Family Listed
145
Avg DOM
322
Avg $ / SqFt
$1,198,367
Avg List Price
Community
- Address101 Ocean Ave Salem MA
- CitySalem
- CountyEssex
- Zip Code01970
Subdivisions in Salem
Similar Listings Nearby
Property Summary
- 101 Ocean Ave Salem MA is a Multi Family for sale in Salem, MA, 01970. It is listed for $1,100,000 To schedule a showing of MLS#73491641 at 101 Ocean Ave in Salem, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of Block Realty. The property listing data and information 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 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 set forth herein.
101 Ocean Ave
Salem, MA