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.
- Basement:
- Unfinished
- Parking:
- Deeded
- Construction:
- Frame
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure:
- The home has a whole house Generac Generator. Buyer circumstances changed and therefore pulled out of the deal!
- Garage Parking
- Lead Paint:
- Unknown
- Market Time:
- 24
- Parking Spaces:
- 6
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $298
- Zoning:
- R3
- No Units:
- 6
- Orig Price:
- $2,099,900
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Salem
- State:
- MA
- County:
- Essex
- Postal Code:
- 01970
- Longitude:
- W71° 6' 30.5''
- Latitude:
- N42° 30' 56.7''
Residential Income
19 Palmer St, Salem, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $2,099,900
- 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 :
- 73535621
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
