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

4 Family

Type

12 hours 15 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

Features None

Pool None

Spa None

Fencing None

Patio/Porch 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

Energy Features:

Exterior & Lot

Exterior Features:

Patio & Porch:

Fencing:

Other Structures:

Lot Features:

Road Surface:

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 District

Salem School District local

B-

⚠ School Safety 2024-25

3.6% Above Average

2.3% Suspensions 0.8% In-School 1.3% Emergency

↓ 1.9% below state avg

E

Elementary Schools

3 schools

B-

Saltonstall School

0.5 mi | #460 of 824 | Score: 45.8

Improved 108 spots from last year

-12.4 below state avg

412 students Diverse

Rising School

Grades K-05

C-

Horace Mann Laboratory School

0.7 mi | #671 of 824 | Score: 37.4

Improved 50 spots from last year

-20.8 below state avg

293 students Diverse

Rising School Diverse Student Body

Grades PK-05

The Greenhouse School

0.7 mi

Grades PK-08

M

Middle Schools

3 schools

C+

Collins Middle School

0.7 mi | #219 of 352 | Score: 39.5

Improved 60 spots from last year

-18.7 below state avg

611 students Diverse

Rising School Diverse Student Body

Grades 06-08

B+

Village School

1.5 mi | #253 of 824 | Score: 52.3

Dropped 64 spots from last year

-5.9 below state avg

529 students Moderate

Grades 04-06

A-

Marblehead Veterans Middle School

1.8 mi | #83 of 352 | Score: 51.5

Dropped 30 spots from last year

-6.7 below state avg

411 students Less Diverse

Grades 07-08

H

High Schools

3 schools

B

Salem High School

0.8 mi | #144 of 346 | Score: 56.1

Dropped 24 spots from last year

-2.1 below state avg

952 students Diverse

18 sports • 1,080 athletes

Early College Program Career Tech Programs College Ready Curriculum Strong Athletics

Grades 09-12

B+

Salem Academy Charter School

0.8 mi | #139 of 346 | Score: 56.7

Improved 97 spots from last year

-1.5 below state avg

480 students Diverse

10 sports • 568 athletes

High Graduation Rate Rising School College Ready Curriculum

Grades 06-12

A-

Marblehead High School

1.8 mi | #80 of 346 | Score: 62.1

Dropped 37 spots from last year

+3.9 above state avg

861 students Less Diverse

20 sports • 2,426 athletes

Strong AP Program High Graduation Rate Career Tech Programs College Ready Curriculum

Grades 09-12

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Property Tax $921

Homeowners Insurance $200

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Interest

Principal

Year 1

95% Interest

Year 15

50/50

Year 30

95% Principal

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Property History

Property Timeline

🏠

Listed for Sale

Mar 25, 2026

$1,100,000

Original listing

Agent: AD Advisors Team Office: Block Realty

Date	Event	Price	Change	$/sqft	Details
03/25/2026	🏠 Listed for Sale	$1,100,000	-	-	Original listing

Price & Status History

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

Market Statistics

Time on Market

12 hours 15 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

Elementary Schools

Middle Schools

High Schools

Monthly Payment Breakdown

Loan Summary

Listed for Sale

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101 Ocean Ave, Salem MA 01970

About this home

Property Overview

Facts & Features

Home Facts

Interior

Exterior

Parking

Utilities

Financial

Interior Features

Construction & Materials

Heating, Cooling & Utilities

Exterior & Lot

Parking & Garage

Location

Neighborhood

Walkability

Nearby Schools

Elementary Schools

Middle Schools

High Schools

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Monthly Payment Breakdown

Loan Summary

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Listed for Sale

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