15 1/2 Palmer, Salem, MA 01970

Salem
Local realty services provided by:Better Homes and Gardens Real Estate The Shanahan Group
15 1/2 Palmer,Salem, MA 01970
$899,000
  • 6 Beds
  • 3 Baths
  • 3,968 sq. ft.
  • Multi-family
  • Active
Listed by: francesca little, francesca little
Office: little & co., realtors®
MLS#:73556225
Source:MLSPIN

Price summary

  • Price:$899,000
  • Price per sq. ft.:$226.56

About this home

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.

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Home facts

  • Year built:1915
  • Listing ID #:73556225
  • Updated:September 18, 2026 at 11:32 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:3
  • Full bathrooms:3
  • Rooms Total:14
  • Kitchen Description:Range, Refrigerator
  • Living area:3,968 sq. ft.

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Roof:Shingle
  • Year built:1915
  • Building area:3,968 sq. ft.
  • Lot area:0.09 Acres
  • Construction Materials:Frame
  • Exterior Features:Enclosed
  • Foundation Description:Concrete Perimeter

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$899,000
  • Price per sq. ft.:$226.56
  • Tax amount:$8,054 (2025)

Features and amenities

  • Appliances:Range, Refrigerator

Parking

  • Total parking spaces:4
  • Parking description:Off Street
The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein.

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