Off Market
19 Palmer St, Salem, MA
Salem · MA 01970
- $2,099,900
- 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:
$298 / Sq.Ft
Parking:
6 Off Street Spaces
About this home
MAJOR PRICE IMPROVEMENT! 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 over $200,000 in NOI. Featuring a rare and highly desirable unit mix of four spacious 4-bedroom, 1-bath units and two generously sized 3-bedroom, 1-bath units, the property benefits from strong rental demand and stable income potential. Additional income is generated through on-site laundry and storage. Conveniently located near the MBTA Commuter Rail with easy access to Boston and Salem's vibrant downtown, waterfront, restaurants, shopping, and entertainment. Excellent opportunity for investors seeking immediate cash flow, strong in-place income, and long-term upside potential.
Neighborhood & Transit
19 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:
- 144 days
- Listing Price:
- $2,099,900
- Price per Sq.Ft:
- $298
- 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
- Elsa Liu
- Listing office
- Realty ONE Group Cosmopolitan
- MLS PIN #
- 73535621
- 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.