Wake up to the sound of the ocean and watch the sunrise from your window—this is everyday life at this rare 4-family home in Salem’s beloved Forest River Park neighborhood. With ocean views from nearly every room, this property offers the perfect blend of lifestyle and income. The flexible layout features three bright and efficient 1-bedroom, 1-bath units, plus a sun-filled 3–4 bedroom, 2-bath townhouse-style unit—ideal for owner-occupancy or maximizing rental potential. Enjoy two updated kitchens, several refreshed baths, beautiful hardwood floors, and a roof replaced less than 3 years ago. With five off-street parking spots and a shared yard, outdoor living is just as appealing as the view. Enjoy mornings at Forest River Park, spend weekends on nearby beaches, and explore downtown Salem’s shops, restaurants, and culture—all just minutes from your door. Whether you’re building a portfolio or dreaming of coastal living with bonus income, this one-of-a-kind property delivers.
Property Details
Price:
$1,399,999
MLS #:
73402986
Status:
Active
Beds:
7
Baths:
5
Address:
13-15 Ocean Ter
Type:
Multi Family
Subtype:
4 Family
City:
Salem
Listed Date:
Jul 10, 2025
State:
MA
Finished Sq Ft:
3,647
Total Sq Ft:
3,647
ZIP:
01970
Lot Size:
5,667 sqft / 0.13 acres (approx)
Year Built:
1900
Units:
4
Schools
Interior
Bathrooms
5 Full Bathrooms
Fireplaces Total
2
Flooring
Wood, Tile, Vinyl
Exterior
Parking Features
Paved Drive, Off Street, Assigned, Paved
Parking Spots
5
Financial
Tax Year
2025
Taxes
$12,615
Map
Contact Us
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CRP: Certified Relocation Professional CRS: Certified Residential Specialist GRI: Graduate of Realtors Institute CBR: Certified Buyers Representative BSBA: Bachelor of Science in Business Administration. Babson College 1979 MBA: Master of Business Administration. Babson College 2002 James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…
More About JamesCourtesy of Keller Williams Realty Evolution. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing 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 or leasing. 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 set forth herein.
13-15 Ocean Ter
Salem, MA
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