14 Forest Ave, Salem, MA 01970 - Photo 1

1/1

$840,000

Sold
Closed
Multi-Family
2 Units
6 Total Beds
0.06 Acres

1/1

Property Description

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.

Full Property Details

Full Property Details for 14 Forest Ave

General

Sold For: $840,000
Taxes: $7,453 (2025)
Status: Closed
Type: Multi-Family
Source: MLSPin
MLS ID: 73385355
Added to Site: 226 day(s) ago

Rental Information

Rent Includes: Unit 1(Water)

Interior

Number of Rooms: 10
Interior Features: Living Room, Dining Room, Kitchen, Laundry Room
Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Flooring: Hardwood

Rooms

Bathrooms

Total Bathrooms: 2
Full Bathrooms: 2
Main - Full Baths: 2

Bedrooms

Total Bedrooms: 6

Exterior

Exterior Features: Rain Gutters

Parking

Total Spaces: 2
Parking Features: Off Street, Tandem

Location

County: Essex
Driving Directions: Canal Street to Forest Ave

Heating & Cooling

Cooling Type: Central Air
Cooling Zones: 2
Heating Type: Central, Natural Gas
Heating Fuel: Central, Natural Gas
Heating Zones: 2

Utilities

Sewer: Public Sewer
Water: Public
Utility Description: Connection for Gas Range

Structural Information

Exterior Const.: Frame
Basement: Yes
Basement Desc.: Full, Interior Entry, Bulkhead, Concrete
Roof: Slate
Stories/Levels: 2
Square Feet: 2,380
Sq. Ft. Source: Public Records
Living Area: 2,380 Sq. Ft.
Year Built: 1915

Lot Features

Lot Size (Acres): 0.06
Lot Dimensions: .06
Frontage: Public
Lot Features: Level

Water Features

Water Front Desc.: Harbor, Ocean, 1/2 to 1 Mile To Beach

Financial Considerations

Price Per Sq. Ft.: $352.94
Tax Amount: $7,453
Tax Year: 2025

Disclosures and Reports

Disclosures/Rstr.: Unit 2 currently vacant, rental amount of $2750 was the previous monthly rent.
Property ID: M:33 L:0021, 2134541

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Meet the listing agent

— 14 Forest Ave —

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Schools

Schools serving 14 Forest Ave

School District:Salem School District, Salem, MA

Name	Grades	Distance
Saltonstall School 211 Lafayette Street, Salem, MA 01970	K-8	0.5 mi
Horace Mann Laboratory 79 Willson Street, Salem, MA 01970	K-5	0.8 mi
Witchcraft Heights Elementary School 1 Frederick Street, Salem, MA 01970	K-5	1.5 mi
Collins Middle School 29 Highland Avenue, Salem, MA 01970	6-8	0.8 mi
Salem High School, Salem, MA 77 Willson Street, Salem, MA 01970	9-12	0.9 mi
Carlton Elementary School 10 Skerry Street, Salem, MA 01970	K-5	1.7 mi
Bates Elementary School, Salem, MA 53 Liberty Hill Avenue, Salem, MA 01970	K-5	2 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 14 Forest Ave

Date

Details

Price

Change

Source

8/01/2025

Sold

$840,000

-1.06%

MLS

6/04/2025

Listed

$849,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Multi-Family
Active
Updated 6 hours ago

2
Units
3
Total Beds
0.16
Acres

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Just Listed

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Open House

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Condo
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Updated 1 day ago

2
Beds
2
Total Baths
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Just Listed

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Open House

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Condo
Active
Updated 7 hours ago

2
Beds
1
Total Bath
1,558
Sq. Ft.

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Just Listed

$424,900

Open House

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Condo
Active
Updated 2 days ago

2
Beds
2
Total Baths
905
Sq. Ft.

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Mobile Home
Active
Updated 19 hours ago

2
Beds
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Total Bath
880
Sq. Ft.

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Price Reduced

-$10,000 (-1.85%)

$529,900

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2
Beds
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Total Baths
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Condo
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2
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Total Bath
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Sq. Ft.

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Price Reduced

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3
Beds
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Total Baths
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Sold

$940,000

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Single Family
Closed

5
Beds
5
Total Baths
3,148
Sq. Ft.

Sold

$810,000

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Multi-Family
Closed

2
Units
4
Total Beds
0.08
Acres

Sold

$910,000

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Multi-Family
Closed

2
Units
6
Total Beds
0.09
Acres

Sold

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Single Family
Closed

4
Beds
3
Total Baths
1,950
Sq. Ft.

14 Forest Ave, Salem, MA 01970 (MLS# 73385355) is a Multi-Family property that was sold at $840,000 on August 01, 2025. This property was listed by THE TEAM - Real Estate Advisors from our Cambridge Office.Want to learn more about 14 Forest 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.

14 Forest Ave Salem, MA 01970