19 Palmer StreetSalem, MA 01970MLS Number 73535621

  • Price: $2,099,900
  • Est. Mortgage of $/month
  • 2 Days on Market
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Federal 30-year interest rate: 6.52% last updated on Jun 11, 2026
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19 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 0197019 Palmer Street Salem MA 01970
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  • 19Bedrooms
  • 0.16Acreage
  • 6Bathrooms
  • 1915Year Built

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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.
Listed by Elsa Liu of Realty ONE Group Cosmopolitan

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More Info

Basic Information

  • Gross Income $248,724
  • Lot Features Corner Lot
  • Mls StatusNew

Location

  • Address19 Palmer Street
  • Building Number19
  • CountyEssex
  • StateMA
  • StreetPalmer Street
  • TownSalem
  • Zip01970

Property

  • Acreage0.16

Utilities

  • Sewer Public Sewer
  • Water Source Public

Amenities

  • Other AmenitiesBasement

Other

  • Date Listed06/13/2026
  • Farm Land Area Units Square Feet

Tax Information

  • Tax Assessed Value $1,412,600
  • Tax Year 2025
  • Taxes$16,019

Basic Information

  • List Price$2,099,900
  • MLS Number73535621
  • Modification Date06/13/2026
  • Property SubType5-9 Family
  • Virtual TourView Tour

Exterior

  • RoofShingle

Property Information

  • Building Area Source Public Records
  • Living Area 7,044
  • Lot Size Square Feet 7,052
  • Lot Size Units Acres
  • Square Feet7,044

Parking

  • Parking Features Deeded
  • Parking Spaces6

Rooms

  • Bathroom6
  • Bathrooms Total Decimal 6
  • Bedrooms19
  • Full Bath6

Building

  • BasementUnfinished
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationConcrete Perimeter
  • Levels 3
  • Patio And Porch Features Porch, Covered
  • Rooms28
  • Stories3
  • Units6
  • Year Built1915
  • Year Built Details Actual
  • Year Built Source Public Records
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Salem, MA Demographics

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Salem, MA Real Estate Market Data

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Salem, MA Schools

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