SoldMay 28, 2026

Listed by AD Advisors Team from Block Realty

Bought with Lindsey McCarthy from Coldwell Banker Realty - Marblehead

Source: MLS Property Information Network Inc #73491641

101 Ocean Avenue, Salem, MA, 01970

$1,020,000

6
4
4
4394 sq. ft.
4652 sq. ft.

Other

30+ days on the market

Sold: May 28, 2026

What's around 101 Ocean Avenue

About this property

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.

Looking for more information on 101 Ocean Avenue?

Explore comparables, sales history and growth for this property.
Learn more

Contact

Similar properties sold nearby

SoldApr 17, 2026
$650,000
1 Dunlap Street
Salem MA 01970
6
2
6
Other
Listing courtesy of Shea Real Estate
SoldMar 27, 2026
$1,195,000
7 Forrester Street
Salem MA 01970
6
3
2
Other
Listing courtesy of Aluxety and JR Associates
SoldFeb 13, 2026
$905,000
55 Butler St
Salem MA 01970
6
3
3
Other
Listing courtesy of William Raveis R.E. & Home Services and Real Broker MA, LLC

Other properties sold by Block Realty

SoldJun 2, 2026
$645,000
548 NW 45th Dr
Delray Beach FL 33445
3
2
6
Single-Family
Listing courtesy of Block Realty and Rjm Real Estate Corp.
SoldJun 1, 2026
$1,125,000
109 Rockland Street
Dedham MA 02026
6
6
2
Multi-Family
Listing courtesy of Dream Homes Realty Corp. and Block Realty
SoldMay 29, 2026
$440,000
7427 Pinedale Drive
Boynton Beach FL 33436
3
2
2
Single-Family
Listing courtesy of Block Realty and Advanced Plus Realty Llc

Browse properties sold in nearby areas

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under MLS GRID IDX Rules Updated September 16, 2024 7 U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: dmca@ratemyagent.com

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Email
© 2026 RateMyAgent