$ 840,000 $ 849,000 1.1%

14 Forest Ave

Salem, MA 01970

  • 6 Beds
  • 2 Baths
    Full Baths: 2
  • 2,380 SqFt
  • 2,613 Lot Size
  • 1915 Year Built
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.
Listed by The Team - Real Estate Advisors of Coldwell Banker Realty - Cambridge , Sold By Viva Real Estate Team of eXp Realty

PROPERTY DETAIL

  • Key Details

    Sold Price $840,000

    Property Type Multi-Family

    Sub Type 2 Family - 2 Units Up/Down

    Listing Status Sold

    Purchase Type For Sale

    Square Footage 2, 380 sqft

    Price per Sqft $352

    MLS Listing ID 73385355

    Sold Date 08/01/25

    Bedrooms 6

    Full Baths 2

    Year Built 1915

    Annual Tax Amount $7,453

    Tax Year 2025

    Lot Size 2,613 Sqft

    Acres 0.06

    Property Sub-Type 2 Family - 2 Units Up/Down

  • Location

    State MA

    County Essex

    Zoning R2

    Direction Canal Street to Forest Ave

  • Rooms

    Basement Full, Interior Entry, Bulkhead, Concrete

  • Building

    Lot Description Level

    Story 2

    Foundation Granite

    Sewer Public Sewer

    Water Public

  • Interior

    Interior Features Living Room, Dining Room, Kitchen, Laundry Room

    Heating Central, Natural Gas

    Cooling Central Air

    Flooring Hardwood

    Appliance Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer

  • Exterior

    Exterior Feature Rain Gutters

    Community Features Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Private School, Public School, T-Station, University

    Utilities Available for Gas Range

    Waterfront Description Harbor,Ocean,1/2 to 1 Mile To Beach

    Roof Type Slate

    Total Parking Spaces 2

    Garage No

  • Others

    Senior Community false

SIMILAR HOMES FOR SALE

Check for similar Multi-Familys at price around $840,000 in Salem,MA

CONTACT

The Team - Real Estate Advisors
The Team - Real Estate Advisors

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