$899,000
15 1/2 Palmer
Salem, MA, 01970
Located on a quiet side street just moments from downtown Salem, this deleaded three-family property presents an outstanding investment opportunity with a proven rental history. The Property features three (3) spacious two-bedroom units, making it an attractive option for both investors and owner-occupants seeking stable income. Well maintained throughout, the property includes modern high efficiency Navien heating systems, a convenient coin-operated laundry area, covered rear porches, a fenced in backyard for shared outdoor space and parking for all three units. The Property is currently occupied by long-term tenants, providing immediate and consistent rental income. The owner pays for heat and hot water, tenants are responsible for electric.
Property Details
Price:
$899,000
MLS #:
73556225
Status:
Active
Beds:
6
Baths:
3
Type:
Multi Family
Subtype:
3 Family
Listed Date:
Jul 28, 2026
Finished Sq Ft:
3,968
Total Sq Ft:
3,968
Lot Size:
4,021 sqft / 0.09 acres (approx)
Year Built:
1915
Units:
3
Schools
Interior
Above Grade Finished Area
3968
Appliances
Range, Refrigerator
Bathrooms
3 Full Bathrooms
Heating
Natural Gas
Levels
3
Exterior
Community Features
Public Transportation, Park, Medical Facility, Laundromat, House of Worship, Public School, T-Station, University
Construction Materials
Frame
Fencing
Fenced
Lot Features
Other
Open Parking Spaces
4
Parking Features
Off Street
Parking Spots
4
Parking Total
4
Patio And Porch Features
Enclosed
Roof
Shingle
Stories
3
Financial
Tax Year
2025
Taxes
$8,054
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Map
Current real estate data for Multi Family in Salem as of Sep 21, 2026
20
Multi Family Listed
120
Avg DOM
323
Avg $ / SqFt
$1,449,385
Avg List Price
Community
- Address15 1/2 Palmer Salem MA
- CitySalem
- CountyEssex
- Zip Code01970
Subdivisions in Salem
Similar Listings Nearby
Property Summary
- 15 1/2 Palmer Salem MA is a Multi Family for sale in Salem, MA, 01970. It is listed for $899,000 To schedule a showing of MLS#73556225 at 15 1/2 Palmer in Salem, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of Little & Co., REALTORS®. 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.
15 1/2 Palmer
Salem, MA