15 1/2 Palmer Salem, MA ^$ 939,000

15 1/2 Palmer

^$ 939,000

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15 1/2 Palmer

Salem, MA, 01970

^$ 939,000

Bedrooms6 Baths3.0 Sq 3,968

Monthly Estimate*

^$ 5,929

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Multi-Family Home for sale in Salem, MA

for $939,000 with 6 bedrooms and 3 full baths. This 3,968 square foot home was built in 1915 on a lot size of 0.09.

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.

Multi-Family Active

Price

^$ 939,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 8,054

Style

3 Family

Lot Size

0.09

Year Built

1915

Town/City

Salem

County/Region

Essex

MLS | Web ID

73556225

List By

Francesca Little

Listing Agent

Little & Co., Realtors®

Broker

Affordability Calculator

$6,600

Per Month

Monthly Principal & Interest: $5,929
Monthly Property Taxes: $671
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Trends

Multi-family listings in Salem, MA

Average List Price ^$1,528,425

Percent of Sale Price 63%

About Salem, MA

44,026 Population

9% Since 2002

^$64,141 Median Income

39.51 Median Age

23% Households with Children

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Trends Information provided by ATTOM Data Solutions.

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Pricing History

Date	Price	Price Change	Description
7/29/2026	$939,000		Listed Price

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15 1/2 Palmer, Salem, MA, 01970 is a Multi-Family Home for sale at $939,000 with 3,968 sqft and a lot size of 0.09. 15 1/2 Palmer has 6 bedrooms, 3.0 baths, and was built in 1915. The property's zip code is 01970 which is in Salem, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 7/30/2026.

The real estate information and related content displayed on this site 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.

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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15 1/2 Palmer

Multi-Family Home for sale in Salem, MA

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