BEDS19
BATHS6 full
SQUARE FEET7,044
MLS#73535621
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Unfinished
Basement: Yes
Lot Size: 0.16 Acres
Roof Type: Shingle
Stories: 3.0
Taxes: $16,019
Year Built: 1915
Feature Descriptions
Building Area Total: 7044
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Dwelling Type: 5-9 Family
Exclusions: Personal Properties
Exterior: Frame
Lot Features: Corner Lot
Parking Features: Deeded
Parking Total: 6
Patio And Porch: Porch, Covered
Rooms Total: 28
Sewer: Public Sewer
Units: 6
Water: Public
Listed By / Shown By
Listed By
Agency Name: Realty ONE Group Cosmopolitan
Agent Name: Elsa Liu
Agency Phone: 781-219-3200
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 6,620.85 per month $4,673.47 Principal & Interest $1,334.92 Property Tax $612.47 Homeowner's Insurance
19 Palmer St | MLS# 73535621
This multi-family property located at 19 Palmer St, Salem, MA 01970 is currently listed for sale with an asking price of $2,099,900. Search Salem real estate on www.masiellogrouprealestate.com today.