Massachusetts
Salem
14 Forest Ave

$849,000

14 Forest Ave, Salem, MA 01970

6 beds |
2 baths |
2,380 sqft

Duplex
Built in 1915
2,614sqft lot
—— car garage
$357/sqft
Listed 3 days ago

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.

Listing Status:: Active
Date Added:: June 4, 2025 at 05:00AM
Listing Office:: Coldwell Banker Realty - Cambridge : 617-864-4430
Listing Agent:: The Team - Real Estate Advisors : 617-864-4430
MLS ID:: 73385355

General: Living RoomDining RoomKitchenLaundry Room
Appliances: RangeDishwasherMicrowaveRefrigeratorWasherDryer
Basement: FullInterior EntryBulkheadConcrete
Flooring: Hardwood
A/C: Central Air
Heating: CentralNatural Gas
Fireplace: Fireplaces: 0

This listing courtesy of The Team - Real Estate Advisors, Coldwell Banker Realty - Cambridge

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Saltonstall School

211 Lafayette St, Salem, MA, 01970

Grades KG-8

0.46 miles away

Saltonstall School

211 Lafayette St, Salem, MA, 01970

Grades KG-8

0.46 miles away

Salem High School

77 Willson St, Salem, MA, 01970

Grades 9-12

0.90 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.