Luxury Residential Group: 19 Palmer St, Salem, MA

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.

offered at

$2,099,900

Status: New
Listing ID: 73535621
Bedrooms: 19
Full Baths: 6
Living Area: 7,044 sqft 654 m² Convert
Lot Size: 7,052 sqft 655 m² Convert
Acres: 0.16

Additional Details

Type: Multi-Family, Multi Family

Zip Code: 01970

Levels: 3

Parking

Garage Capacity: 6

Parking: Deeded

Parking Spaces: 6

Rooms and Dimensions

Total Units: 6

Total Floors: 3

Total Rooms: 28

Has Basement: Yes

LRG Boston

(617) 233-5800

19 Palmer St

Salem, MA