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$ 1,400,000
$ 1,399,999
Est. payment /mo
Sold on 08/29/2025
13-15 Ocean Ter Salem, MA 01970
7 Beds
5 Baths
3,647 SqFt
UPDATED:
Key Details
Sold Price $1,400,000
Property Type Multi-Family
Sub Type 4 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,647 sqft
Price per Sqft $383
MLS Listing ID 73402986
Sold Date 08/29/25
Bedrooms 7
Full Baths 5
Year Built 1900
Annual Tax Amount $12,615
Tax Year 2025
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type 4 Family
Property Description
Wake up to the sound of the ocean and watch the sunrise from your window—this is everyday life at this rare 4-family home in Salem's beloved Forest River Park neighborhood. With ocean views from nearly every room, this property offers the perfect blend of lifestyle and income. The flexible layout features three bright and efficient 1-bedroom, 1-bath units, plus a sun-filled 3–4 bedroom, 2-bath townhouse-style unit—ideal for owner-occupancy or maximizing rental potential. Enjoy two updated kitchens, several refreshed baths, beautiful hardwood floors, and a roof replaced less than 3 years ago. With five off-street parking spots and a shared yard, outdoor living is just as appealing as the view. Enjoy mornings at Forest River Park, spend weekends on nearby beaches, and explore downtown Salem's shops, restaurants, and culture—all just minutes from your door. Whether you're building a portfolio or dreaming of coastal living with bonus income, this one-of-a-kind property delivers.
Location
State MA
County Essex
Zoning R1
Direction Ocean Ave to Cliff St to Ocean Terrace
Rooms
Basement Full
Interior
Flooring Wood, Tile, Vinyl
Fireplaces Number 2
Exterior
Waterfront Description Ocean,1/10 to 3/10 To Beach
Total Parking Spaces 5
Garage No
Building
Story 5
Foundation Stone, Brick/Mortar
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Keller Williams Realty Evolution
Bought with Brandon Dervishian • Keller Williams Realty Evolution
Bought with Brandon Dervishian • Keller Williams Realty Evolution