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$2,099,900
New Listing

19 Palmer St
Salem, MA 01970

For Sale|Multi Family|Active
19
Beds
6
Total Baths
6
Full Baths
7,044
SqFt
$298
/SqFt
1915
Built
County:
Essex

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19 Palmer St19 Palmer St19 Palmer St19 Palmer St
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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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Listing Snapshot
Price 
$2,099,900
Days On Site 
0 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 
73535621
Status 
Active
Property Tax 
$16,019
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
6 hours agoListing updated with changes from the MLS®
9 hours agoListing 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 Elsa Liu 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 2026-06-14 07:38 AM UTC

Neighborhood & Commute
Source: Walkscore
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