19 Palmer St, Salem, MA 01970
19 Palmer St, Salem, MA 01970,Video Tour
19 Palmer St, Salem, MA 01970
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BHRE Brad Hutchinson Real Estate

BHRE Brad Hutchinson Real Estate

+1(781) 665-2222
$2,099,900
Est. payment /mo
19 Beds
6 Baths
7,044 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5-9 Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,044 sqft

Price per Sqft $298

MLS Listing ID 73535621

Bedrooms 19

Full Baths 6

Year Built 1915

Annual Tax Amount $16,019

Tax Year 2025

Lot Size 6,969 Sqft

Acres 0.16

Property Sub-Type 5-9 Family

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.

Location

State MA

County Essex

Zoning R3

Direction Located between Lafayette St and Salem St

Rooms

Basement Unfinished

Exterior

Roof Type Shingle

Total Parking Spaces 6

Garage No

Building

Lot Description Corner Lot

Story 3

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Others

Senior Community false

Virtual Tour https://my.matterport.com/show/?m=JxWT8UY4XRv&mls=1

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Listed by Realty ONE Group Cosmopolitan

NEARBY SCHOOLS & PROPERTIES

BHRE Brad Hutchinson Real Estate

At Brad Hutchinson Real Estate, our main goal is simple: to assist buyers and sellers with making the best, most knowledgeable real estate decisions that are right for you. Whether you’re searching for houses for sale, commercial investment opportunities, or apartments for rent, our independent, committed staff is ready to assist you. We have over 60 years of experience serving clients in and around Melrose and Boston's North Shore.

+1(781) 665-2222

sales@bradhutchinson.com

193 Green Street, Melrose, Massachusetts, 02176, United States

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19 Palmer St