51 Ocean Ave
Salem, MA, 01970
$1,295,000
This fully renovated, turn-key 3-family is ideally located just 3/4 mile to downtown Salem and 1/2 mile to the beach, park, and hiking trails. Updates include a new roof, siding, windows, and doors, plus high-efficiency gas heat & hot water, gleaming hardwood floors, modern kitchens, custom tiled baths, and private laundry in each unit. The property features a spacious wrap-around first-floor porch, second-floor porch, and off-street parking for five cars. Low-maintenance and beautifully updated, this property is perfect for owner-occupants, extended family, or investors seeking excellent rental potential near Salem State University. Incredible opportunity! All units are occupied with leases in place and a strong rent roll.
Current real estate data for Multi Family in Salem as of Oct 24, 2025
15
Multi Family Listed
154
Avg DOM
314
Avg $ / SqFt
$1,337,120
Avg List Price
Property Details
Price:
$1,295,000
MLS #:
73446144
Status:
Active
Beds:
7
Baths:
3.5
Type:
Multi Family
Subtype:
3 Family
Listed Date:
Oct 21, 2025
Finished Sq Ft:
3,650
Total Sq Ft:
3,650
Lot Size:
3,080 sqft / 0.07 acres (approx)
Year Built:
1910
Units:
3
Schools
Interior
Bathrooms
3 Full Bathrooms, 1 Half Bathroom
Exterior
Parking Spots
5
Financial
Tax Year
2025
Taxes
$13,040
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Community
- Address51 Ocean Ave Salem MA
- CitySalem
- CountyEssex
- Zip Code01970
Subdivisions in Salem
Property Summary
- 51 Ocean Ave Salem MA is a Multi Family for sale in Salem, MA, 01970. It is listed for $1,295,000 To schedule a showing of MLS#73446144 at 51 Ocean Ave in Salem, MA, contact your Boardwalk Real Estate Corp. agent at 781-944-7820.
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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 Sagan Harborside Sotheby’s International Realty. 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.
51 Ocean Ave
Salem, MA

























