Sold!
$1,400,000
7
Beds
5
Baths
3,647
Living Area
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Property Description
Wake up to the sound of the ocean and watch the sunrise from your window—this is everyday life at this rare 4-family home in Salem’s beloved Forest River Park neighborhood. With ocean views from nearly every room, this property offers the perfect blend of lifestyle and income. The flexible layout features three bright and efficient 1-bedroom, 1-bath units, plus a sun-filled 3–4 bedroom, 2-bath townhouse-style unit—ideal for owner-occupancy or maximizing rental potential. Enjoy two updated kitchens, several refreshed baths, beautiful hardwood floors, and a roof replaced less than 3 years ago. With five off-street parking spots and a shared yard, outdoor living is just as appealing as the view. Enjoy mornings at Forest River Park, spend weekends on nearby beaches, and explore downtown Salem’s shops, restaurants, and culture—all just minutes from your door. Whether you’re building a portfolio or dreaming of coastal living with bonus income, this one-of-a-kind property delivers.
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Highlights
- Levels: 5
- Property Class: Residential Income
- Stories: 5
- Year Built: 1900
- Parking Spots: 5
- Property Type: 4 Family
- Total Rooms: 16
- Status: Closed
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Additional Details
- Basement: Full
- Flooring: Wood, Tile, Vinyl
- Road Frontage Type: Dead End
- Total Number of Units: 4
- Year Built Source: Public Records
- Fireplaces: 2
- Foundation: Stone, Brick/Mortar
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: R1
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Amenities
- Parking Features: Paved Drive, Off Street, Assigned, Paved
- Waterfront Features: Ocean, 1/10 to 3/10 To Beach
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $1,112,400
- Taxes: $12,615
- Tax Year: 2025
- Total Rent: $9,625
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Keller Williams Realty Evolution.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
