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Off market
  • $954,000

    5 Palmer St, Salem, MA 01970

    9beds
    2,940sqft
    MultiFamily
    Built in 1915
    -- sqft lot
    $954,000 Zestimate®
    $324/sqft
    $3,180 Estimated rent

    Home value

    $954,000

    $897,000 - $1.02M

    $3,180/mo

    Zestimate® history
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    $3,180/mo

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    $5,827/mo

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    $5,827/mo

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    What's special

    Take advantage of these low interest rates and invest in this spacious 3-family home just blocks away from Downtown Salem. Whether you're an investor looking to add to your portfolio, first time home-buyer looking for some extra rental income, or anywhere in between- this home simply delivers! All 3- units include 3 bedrooms, 1 bathroom, hardwood floors & ceramic tiles, separate living and dining area, high ceilings, and plenty of windows for that beautiful natural light. There is a full basement with coin-op washer/ dryer, oil heat for the first unit. Second and third units gas heat. All three units are deleaded. About a mile and a half from Salem Willows, with plenty of local restaurants, and shopping centers in between, and minutes from rt. 107, rt. 1A, and rt. 128.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Other, Gas
    Appliances
    • Included: Dishwasher, Refrigerator
    Features
    • Flooring: Tile, Hardwood
    • Basement: Unfinished
    Interior area
    • Total interior livable area: 2,940 sqft

    Property

    Features
    • Exterior features: Wood
    Lot
    • Size: 2,613 sqft
    Details
    • Parcel number: SALEM34L0248

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Frame
    • Roof: Asphalt
    Condition
    • Year built: 1915

    Community & neighborhood

    Location
    • Region: Salem

    Other

    Other facts
    • Amenities: Public Transportation
    • App Dscrp 1: Range, Dishwasher, Refrigerator
    • App Dscrp 2: Range, Refrigerator, Disposal
    • Basement Feature: Full, Unfinished Basement
    • Construction: Frame
    • Electric Feature: 110 Volts
    • Foundation: Poured Concrete
    • Hea Dscrp 2: Gas, Forced Air
    • Hot Water: Natural Gas
    • Rms Dscrp 1: Living Room, Dining Room, Kitchen, Family Room
    • Rms Dscrp 2: Living Room, Kitchen, Dining Room
    • Road Type: Public
    • Roof Material: Asphalt/Fiberglass Shingles
    • Energy Features: Insulated Windows
    • Exterior: Clapboard
    • Flooring: Tile, Hardwood
    • App Dscrp 3: Range, Refrigerator
    • Exterior Features: Porch
    • Hea Dscrp 3: Gas, Forced Air
    • Rms Dscrp 3: Living Room, Kitchen
    • Rnt Dscrp 1: Water, Hot Water
    • Rnt Dscrp 2: Water, Hot Water, Gas
    • Rnt Dscrp 3: Water
    • Lot Description: Corner
    • Hea Dscrp 1: Oil
    • Mf Type: 3 Family
    • Rms Common: Laundry
    • Col Dscrp 1: Window Ac

    Price history

    DateEventPrice
    3/20/2020Sold$630,000-2.3%$214/sqft
    Source: Public Record Report a problem
    11/6/2019Price change$645,000-2.3%$219/sqft
    Source: United Brokers #72589453 Report a problem
    6/28/2019Price change$659,900-1.5%$224/sqft
    Source: RE/MAX One Call Realty #72504147 Report a problem
    5/21/2019Listed for sale$669,900+75.4%$228/sqft
    Source: RE/MAX One Call Realty #72504147 Report a problem
    7/6/2005Sold$382,000+203.2%$130/sqft
    Source: Public Record Report a problem
    8/15/1994Sold$126,000$43/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$8,551 +8%$754,100 +10.6%
    2024$7,920 +4.6%$681,600 +12.6%
    2023$7,572 $605,300
    2022$7,572 +5.7%$605,300 +16.7%
    2021$7,161 +23.3%$518,900 +29%
    2020$5,810 +2.3%$402,100 +6.9%
    2019$5,679 +7.5%$376,100 +9.5%
    2018$5,281 +5.2%$343,400 +8.5%
    2017$5,021 +1.2%$316,600
    2016$4,961 +18.2%$316,600 +23.8%
    2015$4,198 +6.8%$255,800 +8.9%
    2014$3,932 +6.8%$235,000 -0.2%
    2012$3,681 -9%$235,500 -12.4%
    2011$4,045 -2.3%$268,800 -9%
    2010$4,140 -3.7%$295,500 -11.2%
    2009$4,300 +2.2%$332,800 -7.7%
    2008$4,206 -0.3%$360,400 -8%
    2007$4,218 +8%$391,600 +12.4%
    2006$3,906 +7.9%$348,400 +9.6%
    2005$3,619 +3.5%$318,000 +6.5%
    2004$3,495 +29.1%$298,500 +41.9%
    2003$2,708 +18.4%$210,400 +24.4%
    2002$2,288 +30.4%$169,100 +46.2%
    1999$1,755 +13.7%$115,700 -5.2%
    1994$1,543 $122,000

    Find assessor info on the county website

    Neighborhood: 01970

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $954,000
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    Estimated market value
    $954,000