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19 Palmer St, Salem MA 01970

$2,099,900

Estimated $4,740/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $349,983.33

Total Rent: 169008/year

Estimated CAP Rate:

19 Bedrooms

Baths

7044

Total Parking: 6

7,052 (0.16)

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.

This home has been viewed 12 times

Last Checked: June 14th, 2026 at 4:34pm (Source: MLS PIN #73535621)

Gross Income: $169,008

Gross Expenses: $31,797

Net Income Calc: $137,211

Annual Expenses for 19 Palmer St, Salem MA 01970

Total Gross Expenses (Calculated)$31,797/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax16019

Annual Income & Unit Breakdown for 19 Palmer St, Salem MA 01970

Total Gross Income (Calculated)$169,008

Unit 1

Rental Income$0

LeaseY

Bedrooms4

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

LeaseY

Bedrooms4

Bathrooms1 Full

Rent Includes

General Information for 19 Palmer St, Salem MA 01970

Listing ID73535621

Property TypeMulti Family / 5+ Family

Price2099900 ($298.11/SqFt)

Style5-9 Family

CitySalem

CountyEssex

Neighborhood(s)Ipswich

Approximate Living Area Total7044

Approximate Lot Size (Acres)0.16

Total Parking6

Garage Parking0

Year Built1915

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR3

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 19 Palmer St, Salem MA 01970

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsArt

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 19 Palmer St, Salem MA 01970

Real Estate Taxes16019

Tax Year2025

Assessed Value$1,412,600

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 19 Palmer St, Salem MA 01970

Neighborhood(s)Ipswich

Area Amenities

Contact Information for 19 Palmer St, Salem MA 01970

Agent

Name: Elsa Liu

Office

Name: Realty ONE Group Cosmopolitan

Phone: 781-219-3200

Team Members

Payment Calculator

, Interest

Property Taxes 1334.92

Principal & Interest 12938.92

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Realty ONE Group Cosmopolitan

Elsa Liu

Agent Phone

Office Phone

(781) 219-3200

Text Agent Call Agent Call Office

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    [description] => 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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    [unparsed] => 19 Palmer St, Salem MA 01970
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EXIT

39 More Photos

Active

19 Palmer St, Salem MA 01970

$2,099,900

Annual Expenses for 19 Palmer St, Salem MA 01970

Annual Income & Unit Breakdown for 19 Palmer St, Salem MA 01970

General Information for 19 Palmer St, Salem MA 01970

Disclosures for 19 Palmer St, Salem MA 01970

Financial Information for 19 Palmer St, Salem MA 01970

Location Information for 19 Palmer St, Salem MA 01970

Contact Information for 19 Palmer St, Salem MA 01970

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Realty ONE Group Cosmopolitan

Elsa Liu