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51 Ocean AveSalem, MA 01970

For Sale

$1,295,000

Smart Buyer Rebate $6,475

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.

Listed by Haley Paster Scimone

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Sagan Harborside Sotheby's International Realty

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781-367-5523

Last updated October 23, 2025

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Source: MLSPin #73446144

Listing Facts

  • TypeMulti-family
  • NeighborhoodSouth Salem
  • Bedrooms7
  • Bathrooms4
  • Days on Prevu3
  • Taxes$13,040/year
  • Size3,650 sqft
  • Price per sqft$355

Amenities

  • Parking

Location

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Listing History

10/21/2025
Listed by Sagan Harborside Sotheby's International Realty
$1,295,000

Property Details for 51 Ocean Ave

Exterior

Construction

  • Number Of Units Total: 3
  • Stories: 3
  • Stories Total: 3
  • Year Built: 1910
  • Year Built Details: Approximate

Features

  • Waterfront Features: Ocean, 3/10 To 1/2 Mile To Beach

Measurements

  • Building Area Total: 3,650
  • Building Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.07
  • Lot Size Area: 0
  • Lot Size Square Feet: 3,080
  • Lot Size Units: Acres

Financial

Residential Income

  • Gross Income: $33,600.00

Taxes

  • Parcel Number: M:33 L:0395,2134983
  • Tax Annual Amount: $13,040.00
  • Tax Assessed Value: $1,149,900.00
  • Tax Year: 2025

Interior

Measurements

  • Living Area: 3,650
  • Living Area Source: Public Record

Rooms

  • Bathrooms Full: 3
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 7
  • Rooms Total: 16

Parking

Parking

  • Parking Total: 5

Utilities

Equipment

  • Sewer: Public Sewer
  • Water Source: Public

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting 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, leasing or renting. 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, or as to the accuracy of any of the Images, set forth herein.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.