About 19 Palmer St
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.
Features of 19 Palmer St
| MLS® # | 73535621 |
|---|---|
| Price | $2,099,900 |
| Bedrooms | 19 |
| Bathrooms | 6.00 |
| Full Baths | 6 |
| Square Footage | 7,044 |
| Acres | 0.16 |
| Year Built | 1915 |
| Type | Residential Income |
| Sub-Type | 5-9 Family |
| Status | Active |
Community Information
| Address | 19 Palmer St |
|---|---|
| City | Salem |
| County | Essex |
| State | MA |
| Zip Code | 01970 |
Amenities
| Parking Spaces | 6 |
|---|---|
| Parking | Deeded |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 3 |
| Stories | 3 |
Exterior
| Lot Description | Corner Lot |
|---|---|
| Roof | Shingle |
| Construction | Frame |
| Foundation | Concrete Perimeter |
Additional Information
| Zoning | R3 |
|---|
Listing Details
| Agent | Elsa Liu |
|---|---|
| Office | Realty ONE Group Cosmopolitan |