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$1,100,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 6 Total Beds
  • 0.11 Acres
  • Updated 12 hours ago
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Cash Buyer Opportunity or renovation loan - Exceptional income-producing four-unit asset with strong upside potential. Two units have been fully renovated and are currently leased, offering immediate, stable income. A third unit features a long-term tenant and presents a clear value-add opportunity, with the potential to be easily converted from a one-bedroom into a two-bedroom. 4TH UNIT REQUIRES A FULL RENO AND IS UNINHABITABLE SO PLEASE CHECK WITH YOUR LENDER ON FINANCING. A compelling opportunity for investors seeking both cash flow and future appreciation. This property sits right off of Canal street with plenty of commercial and restaurants within short distance and a future train station and other public transit close by. Great sized parking lot in rear. 48 hours notice for all showings. Do not walk on premises without the agent.

Full Property Details for 101 Ocean Ave

General

  • Price: $1,100,000
  • Taxes: $11,051 (2025)
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 73491641
  • Updated: 3/25/2026
  • Added to Site: 1 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 6

Parking

  • Parking Features: Paved Drive, Leased

Location

  • County: Essex

Structural Information

  • Basement: Yes
  • Stories/Levels: 4
  • Square Feet: 4,394
  • Year Built: 1930

Lot Features

  • Lot Size (Acres): 0.11

Financial Considerations

  • Tax Amount: $11,051
  • Tax Year: 2025

Disclosures and Reports

  • Disclosures/Rstr.: Seller has never lived in the property
  • Property ID: M:33 L:0062, 2134582

Listed by Block Realty, AD Advisors Team and Arthur Deych

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Listing agents

— 101 Ocean Ave —

  • AD Advisors Team

    Block Realty

  • Arthur Deych

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 101 Ocean Ave

School District:Salem School District, Salem, MA
NameGradesDistance
Saltonstall School
211 Lafayette Street, Salem, MA 01970
K-80.5 mi
Horace Mann Laboratory
79 Willson Street, Salem, MA 01970
K-50.7 mi
Witchcraft Heights Elementary School
1 Frederick Street, Salem, MA 01970
K-51.4 mi
Collins Middle School
29 Highland Avenue, Salem, MA 01970
6-80.7 mi
Salem High School, Salem, MA
77 Willson Street, Salem, MA 01970
9-120.8 mi
Salem Prep High School
2 Museum Place Mall, Salem, MA 01970
9-121 mi
Carlton Elementary School
10 Skerry Street, Salem, MA 01970
K-51.7 mi
Bates Elementary School, Salem, MA
53 Liberty Hill Avenue, Salem, MA 01970
K-51.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 101 Ocean Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/25/2026
Listed
$1,100,000
29.41%
MLS
9/09/2022
Sold
$850,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 101 Ocean Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,051
14%
$974,500
17%
2024
$9,705
8%
$835,200
16%
2023
$8,986
1%
$718,300
7%
2022
$8,903
1%
$671,900
5%
2021
$8,799
8%
$637,600
13%
2020
$8,180
5%
$566,100
10%
2019
$7,769
12%
$514,500
14%
2018
$6,950
4%
$451,900
8%
2017
$6,666
2%
$420,300
1%
2016
$6,512
—
$415,600
5%
2015
$6,520
3%
$397,300
5%
2014
$6,339
—
$378,900
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 101 Ocean Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Block Realty, AD Advisors Team and Arthur Deych

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101 Ocean Ave, Salem, MA 01970 (MLS# 73491641) is a Multi-Family property with 4 units containing 6 bedrooms and 4 full bathrooms. 101 Ocean Ave is currently listed for $1,100,000 and was received on March 25, 2026. Want to learn more about 101 Ocean Ave? Do you have questions about finding other Multi-Family real estate for sale in Salem? You can browse all Salem real estate or contact a Coldwell Banker agent to request more information.

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