Boston Luxury Condos and Apartments
355 Boylston St / (617) 233-5800

19 Palmer St

Salem, MA ID #73535621

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19 Palmer St

- Salem, MA ID #73535621

Property 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.

Additional Details

  • Status: NEW
  • Type: Multi-Family, Multi Family
  • Zip Code: 01970
  • Taxes: 16,019
  • Levels: 3
  • Acres: 0.16

Parking

  • Garage Capacity: 6
  • Parking: Deeded
  • Parking Spaces: 6

Rooms/Dimensions

  • Total Units: 6
  • Total Floors: 3
  • Total Rooms: 28
  • Has Basement: Yes

Location

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19 Palmer St, Salem, MA

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Content © 2026 MLS Property Information Network, Inc.
The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Elsa Liu of Realty ONE Group Cosmopolitan. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.