43
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$2,099,900
Est. payment /mo
19 Beds
6 Baths
7,044 SqFt
New
19 Palmer St Salem, MA 01970
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Key Details
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,044 sqft
Price per Sqft $298
MLS Listing ID 73535621
Bedrooms 19
Full Baths 6
Year Built 1915
Annual Tax Amount $16,019
Tax Year 2025
Lot Size 6,969 Sqft
Acres 0.16
Property Sub-Type 5-9 Family
Property Description
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.
Location
State MA
County Essex
Zoning R3
Direction Located between Lafayette St and Salem St
Rooms
Basement Unfinished
Exterior
Roof Type Shingle
Total Parking Spaces 6
Garage No
Building
Lot Description Corner Lot
Story 3
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Senior Community false
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Listed by Realty ONE Group Cosmopolitan
NEARBY SCHOOL & BUSINESS
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