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14 Forest Ave, 
Salem, MA 01970

$849,000


6

Beds


2

Baths


2,380

Sq Ft


Multi-Family

Active

Listed by

Travers Peterson

The Team - Real Estate Advisors

617-864-4430

Last updated:

June 5, 2025, 10:32 AM

MLS#

73385355

Source:

MLSPIN

Company Logo

About This Home

14 Forest Ave

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.

Home Facts

Multi-Family

2 Baths

6 Bedrooms

Built in 1915

Price Summary

849,000

$356 per Sq. Ft.

MLS #:

73385355

Last Updated:

June 5, 2025, 10:32 AM


Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

2,380 Sq. Ft.


Structure

Structure

Building Area:

2,380 Sq. Ft.

Year Built:

1915


Lot

Lot Size (Sq. Ft):

2,696


Finances & Disclosures

Finances

Price:

$849,000

Price per Sq. Ft:

$356 per Sq. Ft.

14 Forest Ave
Source:MLSPIN
The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein.
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14 Forest Ave
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