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101 Ocean Ave, Salem MA 01970

Salem, MA 01970
$850,000
Est. $5,240/month
6
Beds
4
Baths
4,394
Sq Ft
$193
Price/Sq Ft
0.11
Acres
1930
Year Built
216
Days on Market
Closed Listed Feb 1, 2022 • MLS# 72938295 Copied!

About this home

Don't miss your chance to own this large 4-unit investment property. Ocean Ave is located between Salem State University and down-town, making it perfect for both students and professionals. This property consists of two (2) bedroom units and two (1) bedroom units. Conveniently located to Rte 1, I-95, Forest River Park, Downtown Salem and Salem’s MBTA Station.

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Property Overview

Property Type
4 Family - 4 Units Up/Down
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

Sale Statistics

Sale Overview
Original List Price: $975,000
Final Sale Price: $850,000
Difference: $125,000 (-12.8%)
Performance Metrics
87.2%
List to Sale Ratio
Sold below asking price
216
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $222
Sale $/sq ft: $193
This property sold for $193 per square foot
Sale Summary

This property sold for 12.8% below the original asking price.

At 216 days on market, this property took longer than average to sell.

Facts & Features

Home Facts

Type Residential Income
Style 4 Family - 4 Units Up/Down
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 None
Appliances None
Fireplace None
Basement Unfinished
Laundry None
Features None

Exterior

Construction Frame
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Off Street
Total Spaces 4

Utilities

Electric 200+ Amp Service
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $8,903
Assessed Value $671,900

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement: Unfinished
Laundry:
Security:

Construction & Materials

Year Built: 1930
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Stone
Stories: 4

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Corner Lot
Road Surface:

Parking & Garage

Total Parking Spaces: 4
Parking Features: Off Street

Location

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Neighborhood

101 Ocean Ave, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $742
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

22.7%
Price Range
135
Total Days on Market

Property Timeline

Current Active Listing - MLS #73491641
Full transaction history available when tracking began
🏡
Currently Listed
Mar 25, 2026
$1,100,000
MLS #73491641 - Active
Sold
Sep 12, 2022
$850,000
Property sold
Days on Market: 135
🏠
Listed for Sale
Feb 1, 2022
$915,000
Original listing
Agent: Herrick Lutts Realty Partners Office: Herrick Lutts Realty Partners

Price & Status History

Date Event Price Change
Mar 29, 2026 Sold $1,100,000
Feb 1, 2022 New Listing Added $915,000

Market Statistics

Days on Market
216 days
Price per Sq Ft
$193

Tax History

Year Taxes Assessment
2022 $8,903 $671,900

Financial Details

Annual Property Tax
$8,903
Tax Year 2022
Assessed Value
$671,900

Listing Information

Listing Agent Herrick Lutts Realty Partners
Listing Office Herrick Lutts Realty Partners
Agent MLS ID TM312527
Office MLS ID AN6507
Listing Data Updated Sep 12, 2022 12:10 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

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