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Listed price in listed location currency (USD).
$2,399,900

1966

MLS® 73484686

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 7044 sqft
Garage No
Taxes $16,019
Days Active 0
Lot Size 0.16 acres
Approx. Age 1915
Avg. Price Per Sqft $340
MLS® Number 73484686

Property Address: 17-23 Palmer St, Salem, MA, 01970-4909

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number73484686
Laundry Level
Central VacNo
FireplaceNo
Acreage0.16
Exterior
GarageNo
Approx. Age1915
BasementUnfinished
DrivewayDeeded
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 10, 2026List Date
$2,399,900List Price
  • Commute

Commute

Starting Address
Destination Address
17-23 Palmer St, Salem, MA

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