1 / 42
INVESTMENT SNAPSHOT
About this property
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 details
| Units | 6 |
| Living area | 7,044 sqft |
| Lot size | 7,052 sqft |
| Year built | 1915 |
| Price / sqft | $298 |
| County | Essex |
| MLS # | 73535621 |
Listing status
| Days on market | 24 days |
| Listed on | June 13, 2026 |
Taxes & financials
| Annual property tax | $16,019 |
| Tax year | 2025 |
| Assessed value | $1,412,600 |
| Zoning | R3 |
| Gross income (actual) | $248,724/yr |
| Net operating income (actual) | $204,401/yr |
| Total actual rent | $20,223/mo |
| Insurance expense | $5,600/yr |
Building & lot
| Stories | 3 |
| Total rooms | 28 |
| Lot size | 0.16 acres |
| Garage spaces | 0 |
| Parking spaces | 6 |
| Parking | Deeded |
| Basement | Unfinished |
| Foundation | Concrete Perimeter |
| Roof | Shingle |
| Construction | Frame |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Salem →
Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
Interested in this one?
Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 19 Palmer St, Salem MA 01970 have?
It is a 6-unit multi-family property with 7,044 sqft of living area, built in 1915.
How long has 19 Palmer St, Salem MA 01970 been on the market?
19 Palmer St, Salem MA 01970 has been listed for 24 days (since June 13, 2026).
What is the price per unit?
At a list price of $2,099,900 across 6 units, that works out to roughly $349,983 per unit.
What are the property taxes on 19 Palmer St, Salem MA 01970?
Annual property taxes are $16,019 (2025), on an assessed value of $1,412,600.
What is the price per square foot?
At $2,099,900 for 7,044 sqft, that's about $298 per square foot.
Is there parking?
6 total parking spaces (deeded).
Where is this property located?
19 Palmer St, Salem MA 01970 is in Salem, Essex County, MA 01970.
Similar multi-families
◆ 79
◆ 44
