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.
Sold for $840,000
$840,000
14 Forest Ave, Salem, MA 01970
6beds
2,380sqft
2 Family - 2 Units Up/Down
Built in 1915
-- sqft lot
$860,100 Zestimate®
$353/sqft
$3,558 Estimated rent
Home value
$860,100
$783,000 - $946,000
$3,558/mo
Zestimate® history
Owner options
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$3,558/mo
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$3,558/mo
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$5,201/mo
Est. payment
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$5,201/mo
Est. payment
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List your homeWhat's special
Private side porchIn-unit laundryPrivate side deckFull basement
Zillow last checked:
Listing updated:
Listed by:
The Team - Real Estate Advisors 617-864-4430,
Coldwell Banker Realty - Cambridge 617-864-4430,
Travers Peterson 978-996-3604
Bought with:
Viva Real Estate Team
eXp Realty
Source: MLS PIN,MLS#: 73385355
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central, Natural Gas
Cooling
- Central Air
Appliances
- Included: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Features
- Living Room, Dining Room, Kitchen, Laundry Room
- Flooring: Hardwood
- Basement: Full,Interior Entry,Bulkhead,Concrete
- Has fireplace: No
Interior area
- Total structure area: 2,380
- Total interior livable area: 2,380 sqft
- Finished area above ground: 2,380
Property
Parking
- Total spaces: 2
- Parking features: Off Street, Tandem
- Uncovered spaces: 2
Features
- Patio & porch: Porch
- Exterior features: Rain Gutters
- Waterfront features: Harbor, Ocean, 1/2 to 1 Mile To Beach
Lot
- Size: 2,696 sqft
- Features: Level
Details
- Parcel number: M:33 L:0021,2134541
- Zoning: R2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 Family - 2 Units Up/Down
Materials
- Frame
- Foundation: Granite
- Roof: Slate
Condition
- Year built: 1915
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Private School, Public School, T-Station, University
Location
- Region: Salem
HOA & financial
Other financial information
- Total actual rent: 5650
Price history
| Date | Event | Price |
|---|---|---|
| 8/1/2025 | Sold | $840,000-1.1%$353/sqft |
Source: MLS PIN #73385355 Report a problem | ||
| 6/14/2025 | Contingent | $849,000$357/sqft |
Source: MLS PIN #73385355 Report a problem | ||
| 6/4/2025 | Listed for sale | $849,000+39.2%$357/sqft |
Source: MLS PIN #73385355 Report a problem | ||
| 8/28/2020 | Sold | $610,000+3.6%$256/sqft |
Source: Public Record Report a problem | ||
| 7/19/2020 | Listed for sale | $589,000+85.2%$247/sqft |
Source: Cameron Real Estate Group #72694238 Report a problem | ||
| 6/21/2013 | Sold | $318,000+6%$134/sqft |
Source: Public Record Report a problem | ||
| 5/4/2013 | Listed for sale | $299,900$126/sqft |
Source: RE/MAX Partners #71519805 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,453 +4.9% | $657,200 +7.5% |
| 2024 | $7,107 +2.8% | $611,600 +10.7% |
| 2023 | $6,914 | $552,700 |
| 2022 | $6,914 +4.6% | $552,700 +15.4% |
| 2021 | $6,610 +6.1% | $479,000 +11.1% |
| 2020 | $6,228 +1.1% | $431,000 +5.6% |
| 2019 | $6,161 +8.8% | $408,000 +10.8% |
| 2018 | $5,661 +7.6% | $368,100 +11% |
| 2017 | $5,259 +2.6% | $331,600 +1.4% |
| 2016 | $5,126 +3.6% | $327,100 +8.5% |
| 2015 | $4,949 +13.5% | $301,600 +15.7% |
| 2014 | $4,362 +8.1% | $260,700 +0.9% |
| 2012 | $4,037 -0.6% | $258,300 -4.3% |
| 2011 | $4,060 -1.9% | $269,800 -8.7% |
| 2010 | $4,140 -6.1% | $295,500 -13.4% |
| 2009 | $4,407 +1.2% | $341,100 -8.6% |
| 2008 | $4,356 +1.1% | $373,300 -6.7% |
| 2007 | $4,308 +7% | $400,000 +11.3% |
| 2006 | $4,028 +3.9% | $359,300 +5.5% |
| 2005 | $3,877 +5.8% | $340,700 +8.9% |
| 2004 | $3,664 +28.1% | $312,900 +40.8% |
| 2003 | $2,861 +10.8% | $222,300 +16.4% |
| 2002 | $2,583 +15.1% | $190,900 +29% |
| 1999 | $2,245 +32.6% | $148,000 +10.6% |
| 1994 | $1,693 | $133,800 |
Find assessor info on the county website
Neighborhood: 01970
Nearby schools
GreatSchools rating
- 5/10Saltonstall SchoolGrades: K-8Distance: 0.5 mi
- 4/10Salem High SchoolGrades: 9-12Distance: 0.9 mi
- 6/10Collins Middle SchoolGrades: 6-8Distance: 0.8 mi
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Estimated market value
$860,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$860,100
- Massachusetts
- Essex County
- Salem
- 01970
- 14 Forest Ave
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