DanielleBallou
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19 Palmer St
Salem, MA 01970

$2,099,900

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Listing Details

  • $2,099,900
  • MLS# 73535621
  • Type Multi Unit - Multiple
  • Status Active
  • 19
    Bedrooms
  • 6 full
    Bathrooms
  • 7,044
    Square Feet
  • 0.162 acres
    Lot Size
  • 1915
    Year Built

Listed By

Agency Name: Realty ONE Group Cosmopolitan
Agent Name: Elsa Liu
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

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....read more

Features

  • 3.0 Stories
  • $16,019 Taxes
  • Public
  • Built in 1915
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 08/02/2026. The listing information on this page last changed on 08/02/2026. 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 Sun 08/02/2026 12:00:15 AM EST) or MLSPIN MLS (last updated Sat 08/01/2026 11:38:32 PM EST) or Cape Cod / Islands MLS (last updated Sat 08/01/2026 11:57:08 PM 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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