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Properties

  • 101 Ocean Ave, Salem, Massachusetts, 6 Bedrooms Bedrooms, 18 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,Ocean Ave,73491641
  • 101 Ocean Ave, Salem, Massachusetts, 6 Bedrooms Bedrooms, 18 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,Ocean Ave,73491641
  • 101 Ocean Ave, Salem, Massachusetts, 6 Bedrooms Bedrooms, 18 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,Ocean Ave,73491641
  • 101 Ocean Ave, Salem, Massachusetts, 6 Bedrooms Bedrooms, 18 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,Ocean Ave,73491641
  • 101 Ocean Ave, Salem, Massachusetts, 6 Bedrooms Bedrooms, 18 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,Ocean Ave,73491641
  • 101 Ocean Ave, Salem, Massachusetts, 6 Bedrooms Bedrooms, 18 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,Ocean Ave,73491641
  • 101 Ocean Ave, Salem, Massachusetts, 6 Bedrooms Bedrooms, 18 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,Ocean Ave,73491641
  • 101 Ocean Ave, Salem, Massachusetts, 6 Bedrooms Bedrooms, 18 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,Ocean Ave,73491641
  • 101 Ocean Ave, Salem, Massachusetts, 6 Bedrooms Bedrooms, 18 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,Ocean Ave,73491641
  • 101 Ocean Ave, Salem, Massachusetts, 6 Bedrooms Bedrooms, 18 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,Ocean Ave,73491641
  • 101 Ocean Ave, Salem, Massachusetts, 6 Bedrooms Bedrooms, 18 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,Ocean Ave,73491641
  • 101 Ocean Ave, Salem, Massachusetts, 6 Bedrooms Bedrooms, 18 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,Ocean Ave,73491641
  • 101 Ocean Ave, Salem, Massachusetts, 6 Bedrooms Bedrooms, 18 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,Ocean Ave,73491641
  • 101 Ocean Ave, Salem, Massachusetts, 6 Bedrooms Bedrooms, 18 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,Ocean Ave,73491641
  • 101 Ocean Ave, Salem, Massachusetts, 6 Bedrooms Bedrooms, 18 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,Ocean Ave,73491641
  • 101 Ocean Ave, Salem, Massachusetts, 6 Bedrooms Bedrooms, 18 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,Ocean Ave,73491641
  • 101 Ocean Ave, Salem, Massachusetts, 6 Bedrooms Bedrooms, 18 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,Ocean Ave,73491641
  • 101 Ocean Ave, Salem, Massachusetts, 6 Bedrooms Bedrooms, 18 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,Ocean Ave,73491641
  • 101 Ocean Ave, Salem, Massachusetts, 6 Bedrooms Bedrooms, 18 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,Ocean Ave,73491641
  • 101 Ocean Ave, Salem, Massachusetts, 6 Bedrooms Bedrooms, 18 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,Ocean Ave,73491641
  • 101 Ocean Ave, Salem, Massachusetts, 6 Bedrooms Bedrooms, 18 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,Ocean Ave,73491641
  • 101 Ocean Ave, Salem, Massachusetts, 6 Bedrooms Bedrooms, 18 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,Ocean Ave,73491641
  • 101 Ocean Ave, Salem, Massachusetts, 6 Bedrooms Bedrooms, 18 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,Ocean Ave,73491641
  • 101 Ocean Ave, Salem, Massachusetts, 6 Bedrooms Bedrooms, 18 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,Ocean Ave,73491641
  • 101 Ocean Ave, Salem, Massachusetts, 6 Bedrooms Bedrooms, 18 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,Ocean Ave,73491641
  • 101 Ocean Ave, Salem, Massachusetts, 6 Bedrooms Bedrooms, 18 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,Ocean Ave,73491641
  • 101 Ocean Ave, Salem, Massachusetts, 6 Bedrooms Bedrooms, 18 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,Ocean Ave,73491641
  • 101 Ocean Ave, Salem, Massachusetts, 6 Bedrooms Bedrooms, 18 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,Ocean Ave,73491641
  • 101 Ocean Ave, Salem, Massachusetts, 6 Bedrooms Bedrooms, 18 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,Ocean Ave,73491641
  • 101 Ocean Ave, Salem, Massachusetts, 6 Bedrooms Bedrooms, 18 Rooms Rooms,4 BathroomsBathrooms,Residential Income,For Sale,Ocean Ave,73491641
Property Description

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.

Features
Basement:
Interior Entry, Concrete
Parking:
Leased, Paved Drive
Construction:
Frame
Flooring:
Vinyl, Laminate
Sewer:
Public Sewer
Water:
Public
Disclosure
Electric Feature:
200+ Amp Service
Garage Parking
Lead Paint:
Unknown
Additional Information
Market Time:
4
Parking Spaces:
4
Tax Year:
2025
Status:
Active
Price Per Sqft:
$250
Zoning:
B4
No Units:
4
Orig Price:
$1,100,000
LEASE:
No
Waterfront:
No
MlsStatus:
Active
Address Map
City:
Salem
State:
MA
County:
Essex
Postal Code:
01970
Longitude:
W71° 6' 14.8''
Latitude:
N42° 30' 27.5''
  • Google Map

Residential Income

101 Ocean Ave, Salem, Massachusetts

6 Bedrooms
4 Total Bathrooms
4,394 Sqft
$1,100,000
Listing ID #73491641
Basic Details
Property Type :
Residential Income
Listing Type :
For Sale
Price :
$1,100,000
Bedrooms :
6
Rooms :
18
Total Bathrooms :
4
Full Bathrooms :
4
Square Footage :
4,394 Sqft
Year Built :
1930
Lot Area :
0.11 Acre
Listing ID :
73491641
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Agent info
Robb Enterprises
  • Stephen E. Robb
  • View website
  • 617-212-0251
  • srobb@robbenterprises.com

Contact Agent

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.

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