14 Forest Ave Open House Save Request In-Person Tour Request Virtual Tour
Salem,MA 01970
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