19 Palmer St, Salem MA 01970

Salem, MA 01970

$2,099,900

Est. $12,153/month

Beds

Baths

7,044

Sq Ft

$298

Price/Sq Ft

0.16

Acres

1915

Year Built

5-9 Family

Type

6 hours 55 minutes

Time on Market

Active Listed Jun 13, 2026 • MLS# 73535621 Copied!

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.

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Property Overview

Property Type

5-9 Family

Listing Type

For Sale

Year Built

1915

Bedrooms

Full Bathrooms

Living Area

7,044 sq ft

Total Rooms

Stories

Levels

Facts & Features

Home Facts

Type Residential Income

Style 5-9 Family

Year Built 1915

Living Area 7,044 sq ft

Lot Size 0.16 acres

Bedrooms 19

Full Baths 6

Total Rooms 28

Interior

Heating None

Cooling None

Flooring None

Appliances None

Fireplace None

Basement Unfinished

Laundry None

Features None

Exterior

Construction Frame

Architecture None

Roof Shingle

Features None

Pool None

Spa None

Fencing None

Patio/Porch Porch, Covered

Parking

Features Deeded

Total Spaces 6

Utilities

Electric None

Water Public

Sewer Public Sewer

Gas None

Other None

Financial

Annual Tax $16,019

Assessed Value $1,412,600

Interior Features

Flooring:

Appliances:

Interior Features:

Windows:

Basement: Unfinished

Laundry:

Security:

Construction & Materials

Year Built: 1915

Structure Type:

Exterior Materials: Frame

Roof: Shingle

Foundation: Concrete Perimeter

Stories: 3

Heating, Cooling & Utilities

Heating:

Cooling:

Hot Water: Natural Gas

Water Source: Public

Sewer: Public Sewer

Energy Features:

Exterior & Lot

Exterior Features:

Patio & Porch: Porch, Covered

Fencing:

Other Structures:

Lot Features: Corner Lot

Road Surface:

Parking & Garage

Total Parking Spaces: 6

Parking Features: Deeded

Location

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Neighborhood

19 Palmer St, Salem MA 01970

Salem, MA 01970

Walkability

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Principal & Interest $0

Property Tax $1,335

Homeowners Insurance $200

PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0

Total principal paid $0

Total interest paid $0

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Payment Over Time

Interest

Principal

Year 1

95% Interest

Year 15

50/50

Year 30

95% Principal

* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Property Timeline

🏠

Listed for Sale

Jun 13, 2026

$2,099,900

Original listing

Agent: Elsa Liu Office: Realty ONE Group Cosmopolitan

Date	Event	Price	Change	$/sqft	Details
06/13/2026	🏠 Listed for Sale	$2,099,900	-	-	Original listing

Price & Status History

Date	Event	Price	Change
Jun 13, 2026	New Listing Added	$2,099,900	—

Market Statistics

Time on Market

6 hours 55 minutes

Price per Sq Ft

$298

Tax History

Year	Taxes	Assessment
2025	$16,019	$1,412,600

Financial Details

Annual Property Tax

$16,019

Tax Year 2025

Assessed Value

$1,412,600

Listing Information

Listing Agent Elsa Liu

Listing Office Realty ONE Group Cosmopolitan

Agent MLS ID CN252197

Office MLS ID AN6811

Listing Data Updated Jun 13, 2026 9:54 PM EDT

Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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19 Palmer St, Salem MA 01970

About this home

Property Overview

Facts & Features

Home Facts

Interior

Exterior

Parking

Utilities

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Interior Features

Construction & Materials

Heating, Cooling & Utilities

Exterior & Lot

Parking & Garage

Location

Neighborhood

Walkability

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Middle Schools

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Loan Summary

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