Pending

Price cut: $40K (7/22)

$699,999

93 Ocean Ave, Salem, MA 01970

8beds

2,444sqft

$4,575/mo

Get pre-qualified

Multi Family

Built in 1890

-- sqft lot

$686,800 Zestimate^®

$286/sqft

$-- HOA

What's special

Vinyl sided buildingAmple on street parkingFlat fenced yardSpacious layoutsPaved drive and yard

Centrally located, multifamily with two 4-bedroom units offering immense rental earning potential. Short walk to Salem State College, MBTA and downtown Salem. Vinyl sided building with paved drive and yard. Each unit features 4 bedrooms, 1 full bath, living room and kitchen with laundry hook-ups. Spacious layouts offer appeal to a wde range of tenants or owners. Full basement with individual utilities. Private decks overlook the flat, fenced yard. Paved off street parking for multiple cars as well as ample on street parking. Do not miss this opportunity to build equity in a highly desirable area with strong renter demand. Offered vacant with recent rental history. Area ammenities include train, shopping, restaurants, schools, walking paths and more.

53 days
191
2

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 2
Full bathrooms: 2

Heating

Hot Water

Cooling

Window Unit(s)

Appliances

Included: Range, Refrigerator
Laundry: Electric Dryer Hookup, Washer Hookup

Features

Bathroom With Tub & Shower, Living Room, Kitchen
Flooring: Wood, Vinyl
Has basement: No
Has fireplace: No

Interior area

Total structure area: 2,444
Total interior livable area: 2,444 sqft
Finished area above ground: 2,444

Property

Parking

Total spaces: 4
Parking features: Paved Drive, Off Street, Tandem
Uncovered spaces: 4

Features

Patio & porch: Porch, Deck
Waterfront features: Beach Ownership(Public)

Lot

Size: 4,901 Square Feet

Details

Parcel number: M:0033 B:0059 L:0000,2134579
Zoning: B4

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Frame
Foundation: Irregular
Roof: Shingle

Condition

Year built: 1890

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: for Gas Range, for Electric Dryer, Washer Hookup

Community & HOA

Community

Features: Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, House of Worship, Public School, T-Station, University

Location

Region: Salem

Financial & listing details

Price per square foot: $286/sqft
Tax assessed value: $601,600
Annual tax amount: $6,485
Date on market: 7/7/2026
Total actual rent: 0

Estimated market value

$686,800

$652,000 - $721,000

$3,224/mo

Price history

Date	Event	Price
8/13/2026	Pending sale	$699,999$286/sqft
Source: MLS PIN #73545713 Report a problem
7/30/2026	Contingent	$699,999$286/sqft
Source: MLS PIN #73545713 Report a problem
7/22/2026	Price change	$699,999-5.4%$286/sqft
Source: MLS PIN #73545713 Report a problem
7/7/2026	Listed for sale	$739,999+244.2%$303/sqft
Source: MLS PIN #73545713 Report a problem
8/3/2012	Sold	$215,000-5.9%$88/sqft
Source: Public Record Report a problem
6/25/2012	Listed for sale	$228,500$93/sqft
Source: Exit Reliance Realty #71401325 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,065 +4.6%	$534,800 +7.2%
2024	$5,800 +3.2%	$499,100 +11.1%
2023	$5,618	$449,100
2022	$5,618 +0.9%	$449,100 +11.3%
2021	$5,568 +5%	$403,500 +10%
2020	$5,302 +1%	$366,900 +5.5%
2019	$5,250 +8%	$347,700 +10%
2018	$4,860 +8.5%	$316,000 +11.9%
2017	$4,480 +2.9%	$282,500 +1.7%
2016	$4,352 +3.7%	$277,700 +8.6%
2015	$4,196 +12.6%	$255,700 +14.8%
2014	$3,727 +7.2%	$222,800 +0.2%
2012	$3,476 +0.2%	$222,400 -3.5%
2011	$3,469 -1.6%	$230,500 -8.3%
2010	$3,524 -7.9%	$251,500 -15.1%
2009	$3,827 +0.9%	$296,200 -8.9%
2008	$3,794 +2.1%	$325,100 -5.8%
2007	$3,717 +6.6%	$345,100 +11%
2006	$3,486 +4.1%	$311,000 +5.7%
2005	$3,349 +5.9%	$294,300 +9%
2004	$3,161 +21.5%	$269,900 +33.5%
2003	$2,602 +11.9%	$202,200 +17.6%
2002	$2,326 +5%	$171,900 +17.7%
1999	$2,215 +41.8%	$146,000 +18.2%
1994	$1,562	$123,500