Sold

12 Palmer St, Salem, MA

Salem · MA 01970

$1,250,000
Price
10
Beds
6
Baths
4032
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1915
Units: 6 Units
Lot size: 2,465 Sq.Ft Lot
Price per square foot: $341 / Sq.Ft
Parking: 1 Garage Space · 2 Off Street Spaces

About this home

12 Palmer Street is located in Historic Downtown Salem Massachusetts. This beautiful six (6) unit red brick building boasts an ideal unit-mix of three (3) two-bedroom units, two (2) one-bedroom units, and one (1) studio with tandem parking driveway and one (1) garage parking spot. The property has a total gross square footage of 5,995 ? with a rentable square footage of 4,032?, and features laundry on site along with individual locked storage rooms for additional income. All units feature open floor plans with lots of natural light, hardwood floors and ceramic tile in kitchens. The property has undergone recent capital improvements such as a new rubber roof in 2021, recently installed boiler and hot water tank, window replacements, interior and exterior painting, common area LED lighting, and various renovations within the apartments. Located within walking distance to Derby Street and Downtown Salem, the location presents a great opportunity for tenants who work downtown and commute.

Neighborhood & Transit

South Salem

12 Palmer St, Salem · MA 01970

Nearby transit

Within 0.5 mile, measured straight-line to the nearest station entrance.

No subway or commuter rail stations within 0.5 mile.

Price Insight

Days on Market:
849 days
Listing Price:
$1,375,000
Price per Sq.Ft:
$341
Tax Assessment:
$1,085,100 in 2024
Taxes:
$1,051 / Monthly

Home Facts

Interior Features

Bedrooms
10
Full Bathrooms
6
Half Bathrooms
0
Living Area
4,032 Sq.Ft
Broker Disclosure about Living Area
Total Gross SF 5,995
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
4032
Flooring
Unknown
Lead paint
Certified Treated

Utilities

Heating Type
Unknown
Heating Zone
Unknown
Cooling
Unknown
Cooling Zones
Unknown
Water
Unknown
Sewer
Unknown
Electric Features
220 Volts, Circuit Breakers

Exterior Features

Lot Size
2,465 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
1 Parking Space
Off Street Parking
2 Parking Spaces

Construction Details

Construction Type
Unknown
Siding
Brick
Roof
Unknown

Green Features

Electric Vehicle Charger
Unknown
Solar Panels
Unknown
Green Certified
Unknown
Insulation Features
Unknown
Energy Features
Unknown

Listing information

Listing agent
Dan Pouladian
Listing office
North Shore Realty Advisors
MLS PIN #
73260709
Disclosure
Seller will deliver property with 6 lead compliance letters
Disclosure
Total Gross SF 5,995