15 1/2 Palmer St Salem, MA 01970
Salem AreaEstimated payment $5,788/month
Highlights
- Medical Services
- Enclosed Patio or Porch
- Coin Laundry
- Property is near public transit and schools
- Park
- 3-minute walk to Mary Jane Lee Park
About This Home
Located on a quiet side street just moments from downtown Salem, this deleaded three-family property presents an outstanding investment opportunity with a proven rental history. The Property features three (3) spacious two-bedroom units, making it an attractive option for both investors and owner-occupants seeking stable income. Well maintained throughout, the property includes modern high efficiency Navien heating systems, a convenient coin-operated laundry area, covered rear porches, a fenced in backyard for shared outdoor space and parking for all three units. The Property is currently occupied by long-term tenants, providing immediate and consistent rental income. The owner pays for heat and hot water, tenants are responsible for electric.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,054
Year Built
- Built in 1915
Lot Details
- 4,021 Sq Ft Lot
- Fenced
Home Design
- Frame Construction
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 3,968 Sq Ft Home
- Property has 1 Level
- Range
- Basement
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Parking
- 4 Open Parking Spaces
- 4 Car Parking Spaces
- Off-Street Parking
Additional Features
- Enclosed Patio or Porch
- Property is near public transit and schools
- Heating System Uses Natural Gas
Listing and Financial Details
- Rent includes unit 1(heat hot water), unit 2(heat hot water), unit 3(heat hot water)
Community Details
Overview
- 3 Units
Amenities
- Medical Services
- Coin Laundry
Recreation
- Park
Building Details
- Electric Expense $758
- Insurance Expense $2,881
- Water Sewer Expense $1,352
- Operating Expense $20,679
- Net Operating Income $57,880
Map
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/28/2026 07/28/26 | For Sale | $939,000 | -- | $237 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73556225
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