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Off market
  • $923,700

    5 Palmer St, Salem, MA 01970

    9beds
    2,940sqft
    MultiFamily
    Built in 1915
    -- sqft lot
    $923,700 Zestimate®
    $314/sqft
    $2,479 Estimated rent

    Home value

    $923,700

    $868,000 - $979,000

    $2,479/mo

    Zestimate® history
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    $5,766/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 not currently displayed as for sale or rent on Zillow. This may be different from what's 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 Square Feet
    Details
    • Parcel number: SALEM34L0248

    Construction

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

    Community & HOA

    Location
    • Region: Salem

    Financial & listing details

    • Price per square foot: $314/sqft
    • Tax assessed value: $754,100
    • Annual tax amount: $8,551

    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
    $923,700
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    Estimated market value
    $923,700