101 Ocean Avenue Salem, MA 1970
Four-unit property with income potential near Canal Street.
Type:Multi-family
Property size:
4,394 SFPrice / SF:
$250/SF- Added:
- Mar 2, 2026
- Days on Market:
- 51
- Last Refresh:
- Apr 21 at 6:25 am
Property Features for 101 Ocean Avenue
General Information
- Standard status
- Active
- Size
- 4,394 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1930
Listing agent AD Advisors Team
Listing office Block Realty
Listing date Mar 2, 2026
Source Stevebremis
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All listing content including descriptions, pricing, images are the copyrighted material of Block Realty
Overview
Income-Producing Four-Unit Asset
This four-unit property presents an opportunity for cash buyers or those seeking a renovation loan. It offers income-producing potential with upside. Two units have been fully renovated and are currently leased, providing immediate, stable income. A third unit, occupied by a long-term tenant, offers a value-add opportunity and the potential to be converted from a one-bedroom into a two-bedroom. The fourth unit requires a full renovation and is currently uninhabitable. The property includes a parking lot in the rear. Located off Canal Street, the property is near commercial establishments and restaurants. A future train station and other public transit options are located nearby. The property size is 4394 square feet.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.8958712
- Latitude
- 42.5076924
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four-unit property with income potential near Canal Street.
Where is this quadplex located?
The property is located at 101 Ocean Avenue Salem, MA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Income‑producing four‑unit property with upside potential.; Two units are fully renovated and leased for immediate income.; Third unit offers value‑add opportunity to convert from one‑bedroom to two‑bedroom.
