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Sold for $840,000 on 08/01/25
  • $840,000

    14 Forest Ave, Salem, MA 01970

    6beds
    2,380sqft
    2 Family - 2 Units Up/Down
    Built in 1915
    -- sqft lot
    $840,600 Zestimate®
    $353/sqft
    $3,695 Estimated rent

    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: August 05, 2025 at 09:59am

    Listed by:

    The Team - Real Estate Advisors,

    Coldwell Banker Realty - Cambridge,

    Travers Peterson

    Bought with:

    Viva Real Estate Team

    eXp Realty

    Source: MLS PIN,MLS#: 73385355

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Central, Natural Gas
    Cooling
    • Central Air
    Features
    • Living Room, Dining Room, Kitchen, Laundry Room
    • Flooring: Hardwood
    • Basement: Full,Interior Entry,Bulkhead,Concrete
    • Has fireplace: No
    Interior area
    • Total structure area: 2,380
    • Total interior livable area: 2,380 sqft
    • Finished area above ground: 2,380

    Property

    Parking
    • Total spaces: 2
    • Parking features: Off Street, Tandem
    Features
    • Patio & porch: Porch
    • Exterior features: Rain Gutters
    • Waterfront features: Harbor, Ocean, 1/2 to 1 Mile To Beach
    Lot
    • Size: 2,696 sqft
    • Features: Level
    Details
    • Parcel number: M:33 L:0021,2134541
    • Zoning: R2

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 2 Family - 2 Units Up/Down
    Materials
    • Frame
    • Foundation: Granite
    • Roof: Slate
    Condition
    • Year built: 1915

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: for Gas Range

    Community & neighborhood

    Community
    • Community features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Private School, Public School, T-Station, University
    Location
    • Region: Salem

    HOA & financial

    Other financial information
    • Total actual rent: 5650
    Services availability
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    Estimated market value

    $840,600