Skip main navigation
Pending
  • $2,099,900

    19 Palmer St, Salem, MA 01970

    19beds
    7,044sqft
    : 
    Loading
    Get pre-qualified
    5-9 Family
    Built in 1915
    -- sqft lot
    $-- Zestimate®
    $298/sqft
    $-- HOA

    What's special

    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.
    23 days
    |
    471
    |
    22
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Elsa Liu 508-276-6723,

    Realty ONE Group Cosmopolitan 781-219-3200,

    Elsa Liu 508-276-6723

    Source: MLS PIN,MLS#: 73535621

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 19
      • Bathrooms: 6
      • Full bathrooms: 6
      Features
      • Basement: Unfinished
      • Has fireplace: No
      Interior area
      • Total structure area: 7,044
      • Total interior livable area: 7,044 sqft
      • Finished area above ground: 7,044

      Property

      Parking
      • Total spaces: 6
      • Parking features: Deeded
      • Uncovered spaces: 6
      Features
      • Patio & porch: Porch, Covered
      Lot
      • Size: 7,052 Square Feet
      • Features: Corner Lot
      Details
      • Zoning: R3

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: 5-9 Family
      Materials
      • Frame
      • Foundation: Concrete Perimeter
      • Roof: Shingle
      Condition
      • Year built: 1915

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Location
      • Region: Salem

      Financial & listing details

      • Price per square foot: $298/sqft
      • Tax assessed value: $1,412,600
      • Annual tax amount: $16,019
      • Date on market: 6/13/2026
      • Exclusions: Personal Properties
      • Total actual rent: 20223

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/3/2026Pending sale$2,099,900$298/sqft
        Source: MLS PIN #73535621 Report a problem
        6/13/2026Listed for sale$2,099,900$298/sqft
        Source: MLS PIN #73535621 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 01970

        Getting around

        95 / 100
        Walker's Paradise
        38 / 100
        Some Transit
        72 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes

        Skip to the end of the carouselSkip to the beginning of the carousel