19 Palmer St

Salem, MA, 01970

Multi-Family · MLS #73535621

Price/sqft

$298

Days on market

79 days

Year built

1915

Lot size

0.16 ac

7,044 sq ft

Sq Ft

0.16 acres

Lot

1915

Year Built

Taxes: $16,019 (2025)

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.