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$1,399,999

13-15 Ocean Ter Salem, MA 01970

7 beds
5 full
3,647 sqft
0.1 acres
$384 / sqft
Multi-Family

Property details

About 13-15 Ocean Ter

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.

Highlights

Home typeMulti Family
StatusActive
(New)
Size3,647 sqft
BasementYes
Lot size0.13 Acres
Year built1900
ParkingPaved Drive, Off Street, Assigned, Paved
MLS #73402986
WaterfrontOcean Front

Summary

  • Full Bathrooms: 5
  • Basement: Yes
  • Flooring Type: Wood, Tile, Vinyl
  • Total Bedroom Count: 7
  • Parking: Paved Drive, Off Street, Assigned, Paved
  • Waterfront: Ocean Front
  • List Price: $1,399,999
  • Price/SqFt: $383
  • Directions: Ocean Ave to Cliff St to Ocean Terrace
  • Year Built: 1900
  • Stories: 5
  • Living Area: 3,647 SqFt
  • Lot Size: 0.13 Acres
  • MLS Number: 73402986
  • MLS Name: MLS Property Information Network
  • Office Name: Keller Williams Realty Evolution
  • Office Phone: (978) 927-8700
  • Listing Agent: Shannon McInnis

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing 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 or leasing. 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 set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/11/2025, 10:45:26 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

We're sorry, we currently don't have tax history data for this listing.

Nearby schools

1

Horace Mann Laboratory

Public District KG-5

1.1 mi

79 Willson St

7

Village School

Public District 3-6

1.2 mi

93 Village St

3

Bentley Academy Innovation School

Public District KG-5

1.5 mi

25 Memorial Dr

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $78,284. The majority of Salem, MA residents have income between $35k-100k annually. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

How much money do the neighbors make?

15%
<35k
54%
35k-100k
23%
100k-200k
8%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

52%
Single, No Kids
8%
Single, with Kids
28%
Married, No Kids
12%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

11%
<11 yrs old
5%
12-17 yrs old
23%
18-34 yrs old
45%
35-64 yrs old
16%
65+ yrs old

What do the neighbors do for fun?

  • Symphony or OperaSymphony or Opera
  • Continuing Education CoursesContinuing Education Courses
  • Yoga/pilatesYoga/pilates

Where do the neighbors shop?

  • Chico'sChico's
  • Express/Express For MenExpress/Express For Men
  • H&MH&M

Where do the neighbors go to eat?

  • Boston MarketBoston Market
  • QdobaQdoba
  • Dominos PizzaDominos Pizza

What do the neighbors drive?

  • VolvoVolvo
  • VolkswagenVolkswagen
  • AudiAudi

What do the neighbors listen to?

  • Talk/PersonalityTalk/Personality
  • Urban ContemporaryUrban Contemporary
  • AlternativeAlternative
All data provided by Home Junction and Claritas

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Frequently asked questions

About 13-15 Ocean Ter

The listing price of 13-15 Ocean Ter property is $1,399,999.

The property 13-15 Ocean Ter is a multi located in Salem, Massachusetts, 01970.

Active Listing: 13-15 Ocean Ter is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 13-15 Ocean Ter are: Horace Mann Laboratory (GreatSchools Rating 1/10), Village School (GreatSchools Rating 7/10), Bentley Academy Innovation School (GreatSchools Rating 3/10), Saltonstall School (GreatSchools Rating 3/10), Collins Middle School (GreatSchools Rating 3/10), Marblehead Veterans Middle School (GreatSchools Rating 8/10), Salem Academy Charter School (GreatSchools Rating 6/10), New Liberty Innovation School (GreatSchools Rating 1/10), Salem High School (GreatSchools Rating 3/10).

The property 13-15 Ocean Ter is 3,647 SqFt (source: MLS/tax record).

The year of construction for 13-15 Ocean Ter is 1900.

This home is located at 13-15 Ocean Ter in Salem, MA and zip code 01970. This 3,647 square foot home, which was built in 1900, sits on a 0.13 acre lot. Features: 7 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since July 10, 2025 and is currently priced at $1,399,999.

Over 24 listings were sold over their listed price in June 2025 in Salem, MA. In the same period over 17 listings were sold below the listed price and 2 listings were sold for the listed price. The inventory of homes for sale in Salem, MA between May and June 2025 increased by 5%. The median list price of listings available in June 2025 was $605,000, while the average time on the real estate market was 24 days.

From Rocket Homes Real Estate and based on county public records data.

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