For Sale · Multi-Family
15 1/2 Palmer
Salem, MA 01970
Price cut: $40,000
$899,000
$939,000
$227 per sq ft
- 6
- beds
- 3
- baths
- 3,968
- sq ft
Est. payment: $5,367/mo Estimated. Taxes and insurance included.
- Lot (sq ft)
- 4,021
- Year Built
- 1915
- Type
- Multi-Family
- Status
- For Sale
- Property taxes (2025)
- $8,054
- Assessed value
- $747,100
- Days on Market
- 11
About this home
Located on a quiet side street just moments from downtown Salem, this deleaded three-family property presents an outstanding investment opportunity with a proven rental history. The Property features three (3) spacious two-bedroom units, making it an attractive option for both investors and owner-occupants seeking stable income. Well maintained throughout, the property includes modern high efficiency Navien heating systems, a convenient coin-operated laundry area, covered rear porches, a fenced in backyard for shared outdoor space and parking for all three units. The Property is currently occupied by long-term tenants, providing immediate and consistent rental income. The owner pays for heat and hot water, tenants are responsible for electric.
Facts & features
Interior
- Total rooms
- 14
- Appliances
- Range, Refrigerator
Systems & utilities
- Heating
- Natural Gas
- Water
- Public
- Sewer
- Public Sewer
Exterior & parking
- Parking
- Off Street
- Total parking
- 4
- Patio & porch
- Enclosed
Construction
- Construction materials
- Frame
- Foundation
- Concrete Perimeter
- Roof
- Shingle
- Year built
- 1915
Flood risk
Location
Courtesy of Little & Co., REALTORS®
MLS #: 73556225 · Updated: August 8, 2026
Listing data is provided in part by MLS PIN and PrimeMLS/NEREN and is for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed.
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