12 Palmer, Salem MA 01970
About this home
12 Palmer Street is located in Historic Downtown Salem Massachusetts. This beautiful six (6) unit red brick building boasts an ideal unit-mix of three (3) two-bedroom units, two (2) one-bedroom units, and one (1) studio with tandem parking driveway and one (1) garage parking spot. The property has a total gross square footage of 5,995 ± with a rentable square footage of 4,032±, and features laundry on site along with individual locked storage rooms for additional income. All units feature open floor plans with lots of natural light, hardwood floors and ceramic tile in kitchens. The property has undergone recent capital improvements such as a new rubber roof in 2021, recently installed boiler and hot water tank, window replacements, interior and exterior painting, common area LED lighting, and various renovations within the apartments. Located within walking distance to Derby Street and Downtown Salem, the location presents a great opportunity for tenants who work downtown and commute.
Sale Statistics
This property sold for 9.1% below the original asking price.
With only 17 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Interior Features
Exterior & Structure
Lot & Land
Parking & Garage
Utilities & Systems
Community & HOA
Financial & Tax Information
Additional Details
Location
Neighborhood
South Salem
12 Palmer, Salem MA 01970
Salem, MA 01970
Walkability
Schools
School information not available
Monthly Payment Calculator
Payment Breakdown
Property History
Market Insights
Property Timeline
Sold
Sep 11, 2024Listed for Sale
Jul 7, 2024| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/11/2024 | ✓ Sold | $1,250,000 | - | - | Property sold |
| 07/07/2024 | 🏠 Listed for Sale | $1,375,000 | - | - | Original listing |