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Properties

  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,73484686
  • 17-23 Palmer St, Salem, Massachusetts, 19 Bedrooms Bedrooms, 28 Rooms Rooms,6 BathroomsBathrooms,Residential Income,For Sale,Palmer St,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.

Features
Basement:
Unfinished
Parking:
Deeded
Construction:
Frame
Sewer:
Public Sewer
Water:
Public
Disclosure
Garage Parking
Lead Paint:
Unknown
Additional Information
Market Time:
28
Parking Spaces:
6
Tax Year:
2025
Status:
Active
Price Per Sqft:
$341
Zoning:
R3
No Units:
6
Orig Price:
$2,399,900
LEASE:
Yes
Waterfront:
No
MlsStatus:
Active
Address Map
City:
Salem
State:
MA
County:
Essex
Postal Code:
01970
Longitude:
W71° 6' 30.3''
Latitude:
N42° 30' 56.6''
  • Google Map

Residential Income

17-23 Palmer St, Salem, Massachusetts

19 Bedrooms
6 Total Bathrooms
7,044 Sqft
$2,399,900
Listing ID #73484686
Basic Details
Property Type :
Residential Income
Listing Type :
For Sale
Price :
$2,399,900
Bedrooms :
19
Rooms :
28
Total Bathrooms :
6
Full Bathrooms :
6
Square Footage :
7,044 Sqft
Year Built :
1915
Lot Area :
0.16 Acre
Listing ID :
73484686
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Agent info
Robb Enterprises
  • Stephen E. Robb
  • View website
  • 617-212-0251
  • srobb@robbenterprises.com

Contact Agent

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

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