19 Palmer St, Salem MA 01970
Salem, MA 01970
$2,099,900
Est. $12,153/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.
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Property History
Market Insights
Property Timeline
Back On Market
Jul 24, 2026
Active
Pending Sale
Jun 24, 2026
Offer accepted, sale pending
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 |
|---|---|---|---|---|---|
| 07/24/2026 | • Back On Market | - | - | - | Active |
| 06/24/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 06/13/2026 | 🏠 Listed for Sale | $2,099,900 | - | - | Original listing |
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
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
Investment Metrics
Units
6
Unit 1 Rent
$4,000/mo · Y
Unit 2 Rent
$3,270/mo · Y
Unit 3 Rent
$3,164/mo · Y
Unit 4 Rent
$3,650/mo · Y
Total Monthly Rent
$14,084/mo
Gross Income
$248,724
Net Operating Income
$204,401
Operating Expenses
$31,887
Water/Sewer Expense
$5,139
Insurance Expense
$5,600
Cap Rate
9.73%
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
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Measurements Are Approximate. Buyer/buyers Agent To Perform Due Diligence And Verify All Listing Information. Detailed Financials And Property Information Are Available Upon Request. Please Email Listing Agent To Obtain The Om.
Exclusions
Personal Properties
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Essex
Total market time (incl. prior listings)
24 days
Property Overview
Property Type
5-9 Family
Listing Type
For Sale
Year Built
1915
Bedrooms
19
Full Bathrooms
6
Living Area
7,044 sq ft
Total Rooms
28
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
7,044 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch, Covered
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
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
Nearby Schools
School District
Salem School District local
B-
School Safety
2024-25
3.6%
Above Average
2.3%
Suspensions
0.8%
In-School
1.3%
Emergency
1.9% below state avg
Elementary Schools
9 schools
The Phoenix School
1.0 mi
Grades PK-08
The Greenhouse School
1.3 mi
Grades PK-08
B-
Saltonstall School
0.2 mi
|
#460 of 824
|
Score: 45.8
Improved 108 spots from last year
-12.4 below state avg
412 students
Diverse
Rising School
Grades K-05
C+
Bentley Academy Innovation School
1.1 mi
|
#568 of 824
|
Score: 42.3
Improved 143 spots from last year
-16 below state avg
286 students
Moderate
Rising School
Grades PK-05
Salem Early Childhood School
1.1 mi
106 students
Diverse
Diverse Student Body
Grades PK
C-
Horace Mann Laboratory School
1.1 mi
|
#671 of 824
|
Score: 37.4
Improved 50 spots from last year
-20.8 below state avg
293 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
B-
Carlton School
1.1 mi
|
#468 of 824
|
Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students
Diverse
Grades K-05
B
Witchcraft Heights School
1.5 mi
|
#388 of 824
|
Score: 48.1
Improved 162 spots from last year
-10.1 below state avg
455 students
Diverse
Rising School
Diverse Student Body
Grades K-05
B+
Bates School
1.5 mi
|
#325 of 824
|
Score: 50.0
Improved 254 spots from last year
-8.2 below state avg
410 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
Middle Schools
1 school
C+
Collins Middle School
0.7 mi
|
#219 of 352
|
Score: 39.5
Improved 60 spots from last year
-18.7 below state avg
611 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
High Schools
2 schools
B+
Salem Academy Charter School
0.3 mi
|
#139 of 346
|
Score: 56.7
Improved 97 spots from last year
-1.5 below state avg
480 students
Diverse
10 sports
• 568 athletes
High Graduation Rate
Rising School
College Ready Curriculum
Grades 06-12
B
Salem High School
1.2 mi
|
#144 of 346
|
Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 students
Diverse
18 sports
• 1,080 athletes
Early College Program
Career Tech Programs
College Ready Curriculum
Strong Athletics
Grades 09-12
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
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Property Tax
$1,335
Homeowners Insurance
$200
PMI (if <20% down)
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Loan Summary
Total of 360 payments
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Rate Impact
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Payment Over Time
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.
Location
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Neighborhood
19 Palmer St, Salem MA 01970
Salem, MA 01970
Listing Information
Listing Agent
Elsa Liu
Listing Office
Realty ONE Group Cosmopolitan
Office Phone
781-219-3200
Agent MLS ID
CN252197
Office MLS ID
AN6811
Listing Data Updated
Jul 28, 2026 3:05 AM 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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