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.
For sale
$2,099,900
19 Palmer St, Salem, MA 01970
19beds
7,044sqft
5-9 Family
Built in 1915
-- sqft lot
$-- Zestimate®
$298/sqft
$-- HOA
What's special
- 48 days |
- 307 |
- 15 |
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: 7/4/2026
- Exclusions: Personal Properties
- Total actual rent: 20223
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/24/2026 | Listed for sale | $2,099,900$298/sqft |
Source: MLS PIN #73535621 Report a problem | ||
| 7/3/2026 | Pending sale | $2,099,900$298/sqft |
Source: MLS PIN #73535621 Report a problem | ||
| 6/13/2026 | Listed 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.Climate risks
Neighborhood: 01970
Nearby schools
GreatSchools rating
- 5/10Saltonstall SchoolGrades: K-8Distance: 0.2 mi
- NASalem Prep High SchoolGrades: 9-12Distance: 0.5 mi
- 6/10Collins Middle SchoolGrades: 6-8Distance: 0.7 mi
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