Sold
68-72 Palmer St, Salem, MA
Salem · MA 01970
- $2,175,000
- Price
- 22
- Beds
- 10
- Baths
- 11768
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1915
Units:
10 Units
Lot size:
6,229 Sq.Ft Lot
Price per square foot:
$174 / Sq.Ft
Parking:
9 Off Street Spaces
About this home
Rare investment opportunity in Salem. This oversized ten (10) unit 4-story red brick building boasts an ideal unit-mix of four (4) one-bedroom, six (6) three-bedrooms with nine (9) surface parking spots and is a total of 14,872 ? SF. All units feature open floor plans with lots of natural light, Salem Harbor views, large rooms, and laundry facilities on site. Tenants are responsible for separately metered utilities such as heat, hot water, and electric. Located within walking distance to Derby Street and Downtown Salem, the Palmer Street location presents a great opportunity for tenants who work downtown and is only .8 miles from Salem Depot Commuter Rail Station for a 20-minute ride to Boston. 68-72 Palmer Street allows investors an opportunity to acquire a rare oversized 10-unit value-add brick building with 22 bedrooms within a supply-constrained urban dense area in one of the strongest transit-oriented North Shore communities.
Neighborhood & Transit
68-72 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:
- 1132 days
- Listing Price:
- $2,050,000
- Price per Sq.Ft:
- $174
- Tax Assessment:
- $1,662,500 in 2023
- Taxes:
- $1,733 / Monthly
Home Facts
Interior Features
- Bedrooms
- 22
- Full Bathrooms
- 10
- Half Bathrooms
- 0
- Living Area
- 11,768 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 11768
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- 400 Amps
Exterior Features
- Lot Size
- 6,229 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 9 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 #
- 73164474
- Disclosure
- 7 of the 10 apartments include a $100/month increase in rent as of 11/1/23. 3 units are on leases. Insurance includes premium + flood. All lead compliance letters. Buyer to perform their own due diligence. NOI listed on MLS includes 4% Vacancy, the property is 100% occupied.