19 Palmer St Salem, MA 01970
The Point NeighborhoodEstimated payment $12,777/month
About This Home
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
Home Type
- Multi-Family
Est. Annual Taxes
- $16,019
Year Built
- Built in 1915
Lot Details
- 7,052 Sq Ft Lot
- Corner Lot
Home Design
- Frame Construction
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 7,044 Sq Ft Home
- Property has 1 Level
- Unfinished Basement
Bedrooms and Bathrooms
- 19 Bedrooms
- 6 Full Bathrooms
Parking
- 6 Open Parking Spaces
- 6 Car Parking Spaces
- Deeded Parking
Outdoor Features
- Covered Patio or Porch
Community Details
Overview
- 6 Units
Building Details
- Insurance Expense $5,600
- Water Sewer Expense $5,139
- Operating Expense $31,887
- Net Operating Income $204,401
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 07/24/2026 07/24/26 | For Sale | $2,099,900 | 0.0% | $298 / Sq Ft |
| 06/24/2026 06/24/26 | Pending | -- | -- | -- |
| 06/13/2026 06/13/26 | For Sale | $2,099,900 | -- | $298 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73535621
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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