DanielleBallou
(508) 942-9508
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17-23 Palmer St
Salem, MA 01970

$2,299,900

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Listing Details

  • $2,299,900
  • MLS# 73484686
  • Type Multi Unit - Multiple
  • Status Active
  • 19
    Bedrooms
  • 6 full
    Bathrooms
  • 7,044
    Square Feet
  • 0.162 acres
    Lot Size
  • 1915
    Year Built
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Listed By

Agency Name: Realty ONE Group Cosmopolitan
Agent Name: The Liu Group
Agency Phone: 781-219-3200

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Shown By

Agent Name: Danielle Ballou
Agent Phone: (508) 942-9508
Agency Title: Donahue Real Estate Co.

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Home Value Estimate

Description

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 Salems vibrant downtown, waterfront, restaurants, and retail. Excellent opportunity for investors seeking stable income...read more

Features

  • 3.0 Stories
  • $16,019 Taxes
  • Public
  • Built in 1915
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Listed By

Agency Name: Realty ONE Group Cosmopolitan
Agent Name: The Liu Group
Agency Phone: 781-219-3200

agent picture

Shown By

Agent Name: Danielle Ballou
Agent Phone: (508) 942-9508
Agency Title: Donahue Real Estate Co.

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954 Main Street
Walpole, MA 02081
(508) 942-9508
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 06/03/2026. The listing information on this page last changed on 06/03/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 06/03/2026 2:22:47 AM EST) or MLSPIN MLS (last updated Tue 06/02/2026 11:38:21 PM EST) or Cape Cod / Islands MLS (last updated Wed 06/03/2026 1:17:09 AM EST). Real estate listings held by brokerage firms other than Donahue Real Estate Co. may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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