17-23 Palmer St Salem, MA ^$ 2,399,900

17-23 Palmer St

^$ 2,399,900

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17-23 Palmer St

Salem, MA, 01970

^$ 2,399,900

Bedrooms19 Baths6.0 Sq 7,044

Monthly Estimate*

^$ 14,777

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Multi-Family Home for sale in Salem, MA

for $2,399,900 with 19 bedrooms and 6 full baths. This 7,044 square foot home was built in 1915 on a lot size of 0.16.

Strong cash-flowing 6-unit multifamily investment opportunity in desirable Salem, MA. The property generates approximately $248,724 in gross annual income and a high NOI, offering an attractive cap rate of approximately 8.5%. Based on typical financing assumptions, projected Year-1 cash flow is approximately $64,000 with a healthy DSCR of about 1.46. The building includes six residential units plus additional income from laundry and storage. Conveniently located near MBTA commuter rail with easy access to Boston and Salem’s vibrant downtown, waterfront, restaurants, and retail. Excellent opportunity for investors seeking stable income with long-term upside potential.

Multi-Family Active

Price

^$ 2,399,900

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 16,019

Style

5-9 Family

Lot Size

0.16

Year Built

1915

Town/City

Salem

County/Region

Essex

MLS | Web ID

73484686

List By

Elsa Liu

Listing Agent

Realty One Group Cosmopolitan

Broker

Affordability Calculator

$16,112

Per Month

Monthly Principal & Interest: $14,777
Monthly Property Taxes: $1,335
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% 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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Nearby

Trends

Multi-family listings in Salem, MA

Average List Price ^$1,572,506

Percent of Sale Price 34%

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.

Neighborhood & Schools

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Pricing History

Date	Price	Price Change	Description
3/10/2026	$2,399,900		Listed Price

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17-23 Palmer St, Salem, MA, 01970 is a Multi-Family Home for sale at $2,399,900 with 7,044 sqft and a lot size of 0.16. 17-23 Palmer St has 19 bedrooms, 6.0 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 6.25% 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 3/11/2026.

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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17-23 Palmer St

Multi-Family Home for sale in Salem, MA

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