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

17-23 Palmer St

Salem, MA ID #73484686

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17-23 Palmer St

- Salem, MA ID #73484686

Property Description

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 a high NOI, offering an attractive cap rate of approximately 8.5%. Based on typical financing assumptions, projected Year-1 cash flow is approximately $64,000 with a healthy DSCR of about 1.46. The building includes six residential units plus additional income from laundry and storage. Conveniently located near MBTA commuter rail with easy access to Boston and Salem’s vibrant downtown, waterfront, restaurants, and retail. Excellent opportunity for investors seeking stable income with long-term upside potential.

Additional Details

  • Status: ACT
  • Type: Multi-Family, 5-9 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

Location

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17-23 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.