14 Forest Ave Salem MA 01970 MLS #73385355

14 Forest Ave
Salem, MA, 01970
$849,000
6 Beds
2 Baths
2,380 SqFt
0.06 Acres
$849,000
14 Forest Ave
Salem, MA, 01970
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.

Property Details

Price:
$849,000
MLS #:
73385355
Status:
Pending
Beds:
6
Baths:
2
Address:
14 Forest Ave
Type:
Multi Family
Subtype:
2 Family – 2 Units Up/Down
City:
Salem
Listed Date:
Jun 4, 2025
State:
MA
Finished Sq Ft:
2,380
Total Sq Ft:
2,380
ZIP:
01970
Lot Size:
2,696 sqft / 0.06 acres (approx)
Year Built:
1915
Units:
2

Schools

Interior

Appliances
Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Flooring
Hardwood
Heating
Central, Natural Gas

Exterior

Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/ Jog Trails, Medical Facility, Laundromat, Private School, Public School, T- Station, University
Construction Materials
Frame
Exterior Features
Rain Gutters
Parking Features
Off Street, Tandem
Parking Spots
2
Roof
Slate

Financial

Net Operating Income
$67,800
Tax Year
2025
Taxes
$7,453
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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Courtesy of Coldwell Banker Realty – Cambridge. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
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14 Forest Ave
Salem, MA