MA
Essex
Salem
01970
17-23 Palmer St
17-23 Palmer St, Salem, MA 01970
Share Listing
Listing Type
Multi Family
Listing Status
Active
42
$2,399,900

Home Details for 17-23 Palmer St

Price
$2,399,900
Type
Residential Income
Bedrooms
19
Bathrooms
6.0
Square feet
7044
Year built
1915
Lot size acres
0.16
County
Essex
Total rooms
28
Garage
Basement
Unfinished
Days on site
2
MLS Listing#
73484686
Property Description

Strong cash-flowing 6-unit multifamily investment opportunity in desirable Salem, MA. The property generates approximately $248,724 in gross annual income and a high NOI, offering an attractive cap rate of approximately 8.5%. Based on typical financing assumptions, projected Year-1 cash flow is approximately $64,000 with a healthy DSCR of about 1.46. The building includes six residential units plus additional income from laundry and storage. Conveniently located near MBTA commuter rail with easy access to Boston and Salem’s vibrant downtown, waterfront, restaurants, and retail. Excellent opportunity for investors seeking stable income with long-term upside potential.

Property Features
  • Water Features
    • Public
  • Parking
    • Deeded
  • Basement
    • Unfinished
Listing Courtesy: Realty ONE Group Cosmopolitan - 781-219-3200
Presented by: Elsa Liu
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Massachusetts Association of REALTORS.
EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803
Brenda Cahoon
License #: 9049354
REALTOR®, MAR
Office
781 270 4770
Agent
781 910 5770
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