This fully renovated, turn-key 3-family is ideally located just 3/4 mile to downtown Salem and 1/2 mile to the beach, park, and hiking trails. Updates include a new roof, siding, windows, and doors, plus high-efficiency gas heat & hot water, gleaming hardwood floors, modern kitchens, custom tiled baths, and private laundry in each unit. The property features a spacious wrap-around first-floor porch, second-floor porch, and off-street parking for five cars. Low-maintenance and beautifully updated, this property is perfect for owner-occupants, extended family, or investors seeking excellent rental potential near Salem State University. Incredible opportunity! All units are occupied with leases in place and a strong rent roll.
Sold for $1,225,000
$1,225,000
51 Ocean Ave, Salem, MA 01970
7beds
3,650sqft
3 Family
Built in 1910
-- sqft lot
$1,288,700 Zestimate®
$336/sqft
$3,347 Estimated rent
Home value
$1,288,700
$1.19M - $1.40M
$3,347/mo
Zestimate® history
Owner options
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$3,347/mo
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$3,347/mo
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$7,632/mo
Est. payment
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$7,632/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Haley Paster Scimone 781-367-5523,
Sagan Harborside Sotheby's International Realty 781-593-6111
Bought with:
Haley Paster Scimone
Sagan Harborside Sotheby's International Realty
Source: MLS PIN,MLS#: 73446144
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 3,650
- Total interior livable area: 3,650 sqft
- Finished area above ground: 3,650
Property
Parking
- Total spaces: 5
- Uncovered spaces: 5
Features
- Waterfront features: Ocean, 3/10 to 1/2 Mile To Beach
Lot
- Size: 3,080 sqft
- Features: Corner Lot
Details
- Parcel number: M:33 L:0395,2134983
- Zoning: R2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family
Materials
- Foundation: Other
Condition
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Salem
HOA & financial
Other financial information
- Total actual rent: 8550
Price history
| Date | Event | Price |
|---|---|---|
| 12/1/2025 | Sold | $1,225,000-5.4%$336/sqft |
Source: MLS PIN #73446144 Report a problem | ||
| 10/21/2025 | Listed for sale | $1,295,000+3.6%$355/sqft |
Source: MLS PIN #73446144 Report a problem | ||
| 12/30/2022 | Sold | $1,250,000-3.1%$342/sqft |
Source: MLS PIN #73063078 Report a problem | ||
| 12/6/2022 | Listed for sale | $1,290,000+43.5%$353/sqft |
Source: MLS PIN #73063078 Report a problem | ||
| 3/14/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 7/4/2018 | Listing removed | $899,000$246/sqft |
Source: Owner Report a problem | ||
| 1/10/2018 | Listed for sale | $899,000+136.6%$246/sqft |
Source: Owner Report a problem | ||
| 8/2/2012 | Sold | $380,000-4.8%$104/sqft |
Source: Public Record Report a problem | ||
| 7/28/2012 | Pending sale | $399,000$109/sqft |
Source: CENTURY 21 North Shore #71384289 Report a problem | ||
| 5/18/2012 | Listed for sale | $399,000$109/sqft |
Source: Century 21 North Shore #71384289 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,040 +9.4% | $1,149,900 +12.1% |
| 2024 | $11,917 +15.7% | $1,025,600 +24.5% |
| 2023 | $10,303 | $823,600 |
| 2022 | $10,303 +7.7% | $823,600 +18.8% |
| 2021 | $9,568 +9.5% | $693,300 +14.7% |
| 2020 | $8,735 +1% | $604,500 +5.5% |
| 2019 | $8,651 +8.9% | $572,900 +11% |
| 2018 | $7,941 +6.3% | $516,300 +9.6% |
| 2017 | $7,472 +2.2% | $471,100 +1% |
| 2016 | $7,310 +6.3% | $466,500 +11.4% |
| 2015 | $6,874 +16.1% | $418,900 +18.3% |
| 2014 | $5,922 +8.7% | $354,000 +1.5% |
| 2012 | $5,450 -1.1% | $348,700 -4.8% |
| 2011 | $5,511 -1.3% | $366,200 -8.1% |
| 2010 | $5,582 -4.5% | $398,400 -12% |
| 2009 | $5,848 +1.7% | $452,600 -8.1% |
| 2008 | $5,750 +0.5% | $492,700 -7.3% |
| 2007 | $5,723 +7.9% | $531,400 +12.3% |
| 2006 | $5,302 +3.6% | $473,000 +5.1% |
| 2005 | $5,120 +5.5% | $449,900 +8.5% |
| 2004 | $4,854 +33.6% | $414,500 +46.8% |
| 2003 | $3,633 +9% | $282,300 +14.6% |
| 2002 | $3,334 +18.7% | $246,400 +33% |
| 1999 | $2,809 +43.4% | $185,200 +19.6% |
| 1994 | $1,959 | $154,900 |
Find assessor info on the county website
Neighborhood: 01970
Nearby schools
GreatSchools rating
- 5/10Saltonstall SchoolGrades: K-8Distance: 0.4 mi
- NASalem Prep High SchoolGrades: 9-12Distance: 1 mi
- 6/10Collins Middle SchoolGrades: 6-8Distance: 0.8 mi
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Estimated market value
$1,288,700
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
$1,288,700
- Massachusetts
- Essex County
- Salem
- 01970
- 51 Ocean Ave
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