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
Mortgage Calculator
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
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