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Jen Hurley
REALTOR®
(781) 504-4255
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21 Palmer St
Salem, MA 01970

$1,999,000

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Listing Details

  • $1,999,000
  • MLS# 73575709
  • Type Multi Unit - Multiple
  • Status Active
  • 20
    Bedrooms
  • 6 full
    Bathrooms
  • 7,044
    Square Feet
  • 0.162 acres
    Lot Size
  • 1915
    Year Built
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Listed By

Agency Name: Realty ONE Group Cosmopolitan
Agent Name: Elsa Liu
Agency Phone: 781-219-3200

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Shown By

Agent Name: Jen Hurley
Agent Phone: (781) 504-4255
Agency Title: Donahue Real Estate Co.

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Home Value Estimate

Description

NEW PRICE!!! 9.81% CAP RATE | $250K+ GROSS INCOME | $196K+ NOI | 6 UNITS / 20 BEDROOMS! Exceptional opportunity to acquire a strong cash-flowing 6-unit multifamily in desirable Salem. Featuring an attractive unit mix of two spacious 4-bedroom units and four 3-bedroom units, the property generates approximately $250K in gross annual income with an estimated $196K NOI. Additional income from on-site laundry and storage, with further upside through future rent optimization and operational efficiencies. Convenient access to Boston via MBTA Commuter Rail and close to Salems vibrant downtown, waterfront, restaurants, shopping, and entertainment....read more

Features

  • 3.0 Stories
  • $18,974 Taxes
  • Public
  • Built in 1915
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Listed By

Agency Name: Realty ONE Group Cosmopolitan
Agent Name: Elsa Liu
Agency Phone: 781-219-3200

agent picture

Shown By

Agent Name: Jen Hurley
Agent Phone: (781) 504-4255
Agency Title: Donahue Real Estate Co.

IDX logo

Jen Hurley
Jen Hurley Office: (781) 504-4255 Cell: (781) 504-4255 Email Me
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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 09/11/2026. The listing information on this page last changed on 09/11/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 09/11/2026 12:05:10 AM EST) or MLSPIN MLS (last updated Thu 09/10/2026 11:38:50 PM EST) or Cape Cod / Islands MLS (last updated Thu 09/10/2026 11:57:19 PM EST). Real estate listings held by brokerage firms other than Donahue Real Estate Co. may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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