MA
Essex
Salem
01970
14 Forest Ave
14 Forest Ave, Salem, MA 01970
Share Listing
Listing Type
Multi Family
Listing Status
contingent
34
$849,000

Home Details for 14 Forest Ave

Price
$849,000
Type
Residential Income
Bedrooms
6
Bathrooms
2.0
Square feet
2380
Year built
1915
Lot size acres
0.06
County
Essex
Total rooms
10
Garage
Basement
Full, Interior Entry, Concrete
Days on site
159
MLS Listing#
73385355
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.

Property Features
  • Basement
    • Full
    • Interior Entry
    • Concrete
  • Heating Information
    • Natural Gas
    • Central
  • Parking
    • Off Street
    • Tandem
  • Waterfront and Water Access
    • Ocean Front
  • Cooling Information
    • Central Air
  • Water Features
    • Public
Listing Courtesy: Coldwell Banker Realty - Cambridge - 617-864-4430
Presented by: The Team - Real Estate Advisors
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting 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, leasing or renting. 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, or as to the accuracy of any of the Images, set forth herein. Copyright ©2025 MLS Property Information Network, Inc. All Rights Reserved.
Transportation
Check the walk, transit, and bike score for
Neighborhood Market Statistics
See average values in the proximity of this property
Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Massachusetts Association of REALTORS.
EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803
Brenda Cahoon
License #: 9049354
REALTOR®, MAR
Office
781 270 4770
Agent
781 910 5770
Request more details
Code: