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Back 101 Ocean Avenue
Off Market

101 Ocean Avenue

Salem MA 01970

6
4
4
4394 sq. ft.
4652 sq. ft.
Other
Last sold for $1,020,000
AD Advisors TeamAD Advisors Team, last sold this property on 28 May 2026 after 63 days on market.

Overview

Cash Buyer Opportunity or renovation loan – Exceptional income-producing four-unit asset with strong upside potential. Two units have been fully renovated and are currently leased, offering immediate, stable income. A third unit features a long-term tenant and presents a clear value-add opportunity, with the potential to be easily converted from a one-bedroom into a two-bedroom. 4TH UNIT REQUIRES A FULL RENO AND IS UNINHABITABLE SO PLEASE CHECK WITH YOUR LENDER ON FINANCING. A compelling opportunity for investors seeking both cash flow and future appreciation. This property sits right off of Canal street with plenty of commercial and restaurants within short distance and a future train station and other public transit close by. Great sized parking lot in rear. 48 hours notice for all showings. Do not walk on premises without the agent.

Features

6 bedrooms
4 bathrooms
4 carspaces
4 open car spaces
4394 sq. ft. floor area
4652 sq. ft. lot size
Other

Estimated Value

Based on this property and similar 6 bedroom other properties sold in Salem over the last 12 months, the estimated median property value of 101 Ocean Avenue is $962.5k.

Median value
$962.5k
Estimated value range
$650k - $1.2m
Median days on market
32
Estimated value trend
13%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Salem. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 101 Ocean Avenue

2026
Sold
$1,020,000
28 May 2026 by AD Advisors Team, of Block Realty
2022
Sold
$850,000
12 Sep 2022 by Herrick Lutts Realty Partners, of Herrick Lutts Realty Partners

Happy sellers in Salem

~%

We have insufficient information to provide an overview of customer satisfaction for Salem. Viewing the agent profiles, reviews and sales for Salem can provide insights for this location.

Local market activity for 6 bedroom other properties in Salem

In the last 12 months, 5 six-bedroom other properties similar to 101 Ocean Avenue, have been sold.

This represents a 20% decrease in six-bedroom other properties sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Salem

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Kathy & Terry Sullivan

Sellers who recommend Kathy & Terry Sullivan have praised them for being local expert, supportive, responsive, detail-oriented, clear communication, dedicated, and reliable

  •   5   (90 reviews)
  •  2 Reviews in Salem
  •  2 Sales in Salem
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Sean K Connelly

Sellers who recommend Sean K Connelly have praised them for being local expert, clear communication, responsive, reliable, supportive, friendly, and trustworthy

  •   5   (55 reviews)
  •  2 Reviews in Salem
  •  2 Sales in Salem
View profile
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Rita Lu

Rita Lu is a recommended agent for Salem.  They have 2 local sales and collected 2 local reviews across the last 12 months.

  •   5   (20 reviews)
  •  2 Reviews in Salem
  •  2 Sales in Salem
View profile
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Carol St. Pierre

Carol St. Pierre is a recommended agent for Salem.  They have 2 local sales and collected 1 local review across the last 12 months.

  •   5   (3 reviews)
  •  1 Review in Salem
  •  2 Sales in Salem
View profile
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