MA > Salem
Salem, MA 01970,14 Forest Ave
Salem, MA 01970,14 Forest Ave
Salem, MA 01970,14 Forest Ave
Salem, MA 01970,14 Forest Ave
Salem, MA 01970,14 Forest Ave
Salem, MA 01970,14 Forest Ave
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Guillermo A Molina Jr

Guillermo A Molina Jr

+1(978) 360-3441
$ 849,000
Est. payment | /mo

6 Beds

2 Baths

2,380 SqFt

Save
$ 849,000
Est. payment | /mo
Save

6 Beds

2 Baths

2,380 SqFt

OPEN HOUSE

Sat Jun 07, 11:30am - 1:00pm

Sun Jun 08, 11:30am - 1:00pm

Key Details

Property Type Multi-Family

Sub Type 2 Family - 2 Units Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 2,380 sqft

Price per Sqft $356

MLS Listing ID 73385355

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

Property Description

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.

Location

State MA

County Essex

Zoning R2

Direction Canal Street to Forest Ave

Rooms

Basement Full, Interior Entry, Bulkhead, Concrete

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 Beach Front,Harbor,Ocean,1/2 to 1 Mile To Beach

Roof Type Slate

Total Parking Spaces 2

Garage No

Building

Lot Description Level

Story 3

Foundation Granite

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by Coldwell Banker Realty - Cambridge
agent-avatar

+1(978) 360-3441

info@theomteam.com

190 State Street Unit 5, Newburyport, MA, 01950, United States

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14 Forest Ave

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