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$2,399,900
37 Days On Site
17-23 Palmer StSalem, MA 01970
For Sale|Multi Family|Active
19
Beds
6
Total Baths
6
Full Baths
7,044
SqFt
$341
/SqFt
1915
Built
County:
Essex
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Monthly Payment (Est.)
$10,949Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.
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 a high NOI, offering an attractive cap rate of approximately 8.5%. Based on typical financing assumptions, projected Year-1 cash flow is approximately $64,000 with a healthy DSCR of about 1.46. The building includes six residential units plus additional income from laundry and storage. Conveniently located near MBTA commuter rail with easy access to Boston and Salem’s vibrant downtown, waterfront, restaurants, and retail. Excellent opportunity for investors seeking stable income with long-term upside potential.
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Listing Snapshot
Price
$2,399,900
Days On Site
37 Days
Bedrooms
19
Inside Area (SqFt)
7,044 sqft
Total Baths
6
Full Baths
6
Partial Baths
N/A
Lot Size
0.16 Acres
Year Built
1915
MLS® Number
73484686
Status
Active
Property Tax
$16,019
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Public Records
Friends & Family
Recent Activity
| a week ago | Listing updated with changes from the MLS® | |
| a month ago | Listing first seen on site |
General Features
Acres
0.16
Disclosures
Measurements are approximate. Buyer/Buyer's 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.
Foundation
Concrete Perimeter
Number Of Stories
3
Parking
Deeded
Parking Spaces
6
Property Sub Type
Multi Family
Sewer
Public Sewer
SqFt Above
7044
SqFt Total
7044
Water Source
Public
Zoning
R3
Interior Features
Appliances
Gas Water Heater
Basement
Unfinished
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Exterior Features
Construction Details
Frame
Lot Features
Corner Lot
Patio And Porch
PorchCovered
Roof
Shingle
Listing courtesy of The Liu Group of Realty ONE Group Cosmopolitan
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, landlords, 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, leasing or renting 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, leasing or renting. 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.
Last checked 2026-04-17 08:32 AM UTC
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, landlords, 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, leasing or renting 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, leasing or renting. 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.
Last checked 2026-04-17 08:32 AM UTC
Neighborhood & Commute
Source: Walkscore
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