MA
Essex
Salem
01970
19 Palmer St
19 Palmer St, Salem, MA 01970
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Listing Type
Multi Family
Listing Status
Active
42
$2,099,900

Home Details for 19 Palmer St

Price
$2,099,900
Type
Residential Income
Bedrooms
19
Total Bathrooms
6
Full Bathrooms
6
Square feet
7044
Year built
1915
Lot size acres
0.16
County
Essex
Total rooms
28
Basement
Unfinished
MLS Listing#
73535621
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.

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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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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