Sold!
$840,000
6
Beds
2
Baths
2,380
Living Area
-
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.
-
Highlights
- Cooling: Central Air
- Levels: 2
- Property Class: Residential Income
- Stories: 2
- Year Built: 1915
- Heating: Central, Natural Gas
- Parking Spots: 2
- Property Type: 2 Family - 2 Units Up/Down
- Total Rooms: 10
- Status: Closed
-
Additional Details
- Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
- Construction: Frame
- Flooring: Hardwood
- Interior Features: Living Room, Dining Room, Kitchen, Laundry Room
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: R2
- Basement: Full, Interior Entry, Bulkhead, Concrete
- Exterior Features: Rain Gutters
- Foundation: Granite
- Lot Features: Level
- Roof: Slate
- Total Number of Units: 2
- Year Built Source: Public Records
-
Amenities
- Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Private School, Public School, T-Station, University
- Waterfront Features: Harbor, Ocean, 1/2 to 1 Mile To Beach
- Parking Features: Off Street, Tandem
-
Utilities
- Electric: Circuit Breakers
- Water Source: Public
- Sewer: Public Sewer
-
Fees / Taxes
- Assessed Value: $657,200
- Tax Year: 2025
- Total Rent: $5,650
- Rental Fee Includes: Unit 1(Water)
- Taxes: $7,453
Similar Listings
Sold
33 Photos
Sold
42 Photos
Sold
42 Photos
Sold
42 Photos
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 eXp Realty.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
