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 Details
Price:
$849,000
MLS #:
73385355
Status:
Active
Beds:
6
Baths:
2
Address:
14 Forest Ave
Type:
Multi Family
Subtype:
2 Family – 2 Units Up/Down
City:
Salem
Listed Date:
Jun 4, 2025
State:
MA
Finished Sq Ft:
2,380
Total Sq Ft:
2,380
ZIP:
01970
Lot Size:
2,696 sqft / 0.06 acres (approx)
Year Built:
1915
Units:
2
Schools
Interior
Appliances
Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Flooring
Hardwood
Heating
Central, Natural Gas
Exterior
Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/ Jog Trails, Medical Facility, Laundromat, Private School, Public School, T- Station, University
Construction Materials
Frame
Exterior Features
Rain Gutters
Parking Features
Off Street, Tandem
Parking Spots
2
Roof
Slate
Financial
Tax Year
2025
Taxes
$7,453
Map
Contact Us
Mortgage Calculator
Similar Listings Nearby
- 124-126 Williams Ave
Lynn, MA$1,100,000
3.17 miles away
- 47 Winthrop St
Salem, MA$1,050,000
0.74 miles away
- 16 Horton Street
Salem, MA$999,000
0.52 miles away
- 26 Woodman St
Lynn, MA$949,999
4.99 miles away
- 27 Stephen St
Lynn, MA$939,900
3.40 miles away
- 6 Randall St
Salem, MA$889,000
1.50 miles away
- 12 Chestnut Ave
Lynn, MA$869,000
3.40 miles away
- 21 Laurel St
Salem, MA$849,000
0.18 miles away
- 78 Endicott St
Peabody, MA$830,000
2.64 miles away
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 Coldwell Banker Realty – Cambridge. 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.
14 Forest Ave
Salem, MA
LIGHTBOX-IMAGES