Off Market
17-23 Palmer St, Salem, MA
Salem · MA 01970
- $2,299,900
- Price
- 19
- Beds
- 6
- Baths
- 7044
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1915
Units:
6 Units
Lot size:
7,052 Sq.Ft Lot
Price per square foot:
$327 / Sq.Ft
Parking:
6 Off Street Spaces
About this home
CASH COW! Strong cash-flowing 6-unit multifamily investment opportunity in desirable Salem, MA. The property generates approximately $248,724 in gross annual income and a high NOI, offering an attractive cap rate of approximately 8.5%. Based on typical financing assumptions, projected Year-1 cash flow is approximately $64,000 with a healthy DSCR of about 1.46. The building includes six residential units plus additional income from laundry and storage. Conveniently located near MBTA commuter rail with easy access to Boston and Salem?s vibrant downtown, waterfront, restaurants, and retail. Excellent opportunity for investors seeking stable income with long-term upside potential.
Neighborhood & Transit
17-23 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:
- 239 days
- Listing Price:
- $2,299,900
- Price per Sq.Ft:
- $327
- Tax Assessment:
- $1,412,600 in 2025
- Taxes:
- $1,335 / Monthly
Home Facts
Interior Features
- Bedrooms
- 19
- Full Bathrooms
- 6
- Half Bathrooms
- 0
- Living Area
- 7,044 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 7044
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 7,052 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 6 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Vinyl
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- The Liu Group
- Listing office
- Realty ONE Group Cosmopolitan
- MLS PIN #
- 73484686
- Disclosure
- Measurements are approximate. Buyer/Buyer's agent to perform due diligence and verify all listing information. Detailed financials and property information are available upon request. Please email listing agent to obtain the OM.