101 Ocean Ave Salem, MA ^$ 1,100,000

101 Ocean Ave

^$ 1,100,000

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101 Ocean Ave

Salem, MA, 01970

^$ 1,100,000

Bedrooms6 Baths4.0 Sq 4,394

Monthly Estimate*

^$ 6,773

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Multi-Family Home for sale in Salem, MA

for $1,100,000 with 6 bedrooms and 4 full baths. This 4,394 square foot home was built in 1930 on a lot size of 0.11.

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.

Multi-Family Active

Price

^$ 1,100,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 11,051

Style

4 Family

Lot Size

0.11

Year Built

1930

Town/City

Salem

County/Region

Essex

MLS | Web ID

73491641

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AD Advisors Team

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Block Realty

Broker

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$7,694

Per Month

Monthly Principal & Interest: $6,773
Monthly Property Taxes: $921
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends

Multi-family listings in Salem, MA

Average List Price ^$1,681,518

Percent of Sale Price 53%

About Salem, MA

44,026 Population

9% Since 2002

^$64,141 Median Income

39.51 Median Age

23% Households with Children

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Trends Information provided by ATTOM Data Solutions.

Neighborhood & Schools

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Pricing History

Date	Price	Price Change	Description
3/25/2026	$1,100,000		Listed Price

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101 Ocean Ave, Salem, MA, 01970 is a Multi-Family Home for sale at $1,100,000 with 4,394 sqft and a lot size of 0.11. 101 Ocean Ave has 6 bedrooms, 4.0 baths, and was built in 1930. The property's zip code is 01970 which is in Salem, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 3/26/2026.

The real estate information and related content displayed on this site is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein.

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101 Ocean Ave

Multi-Family Home for sale in Salem, MA

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