Active
19 Palmer St
Salem, MA 01970
Residential Income · Active · MLS #73535621
Listing Courtesy of Realty ONE Group Cosmopolitan | Elsa Liu
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MLS PIN data
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.
Property information
Details at a glance
Interior
- Rooms
- 28
Building
- Style
- 5-9 Family
- Year built
- 1915
- Parking
- 6
- Foundation
- Concrete Perimeter
- Roof
- Shingle
Land & utilities
- Lot size
- 0.16 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- R3
Financial
- Annual taxes
- $16,019
- Assessment year
- 2025
Listing history
Price and status timeline
No additional public listing history was supplied for this property.
Property value estimate
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Comparable sales
Recent properties for context
Recent comparable sales are not available for this property.
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Condition signals
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Local market context
How this home compares in Salem
Active city listing statistics from MLS PIN as of September 6, 2026. Asking prices are not completed-sale values.
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About 19 Palmer St
Can I schedule a private showing?
Yes. Request a tour of 19 Palmer St and a Bean Group agent will help coordinate an available time with the listing side.
Can you help me evaluate this property?
Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
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Availability varies by property and source. Request the documents you need and we will help obtain what is available.