For Sale
Multi family home for sale at 21 Palmer St, Salem, MA 01970 | MLS# 73575709 | Listing updated on 2026-09-14
Photo 1 of Multi family home for sale at 21 Palmer St, Salem, MA 01970 | MLS# 73575709 | Listing updated on 2026-09-14
Photo 2 of Multi family home for sale at 21 Palmer St, Salem, MA 01970 | MLS# 73575709 | Listing updated on 2026-09-14
Photo 3 of Multi family home for sale at 21 Palmer St, Salem, MA 01970 | MLS# 73575709 | Listing updated on 2026-09-14
Photo 4 of Multi family home for sale at 21 Palmer St, Salem, MA 01970 | MLS# 73575709 | Listing updated on 2026-09-14
19+
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$1,999,000

Monthly Est:$9,950

  • Beds Icon20 Beds
  • Beds Icon
    6 Baths
  • Beds Icon7,044sqft

21 Palmer St, Salem, MA 01970

$9,950/moEst:

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  • Multi Family

  • Built in 1915

  • $-- HOA

  • 0.16 acre lot

  • $284/sq.ft

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 Salem’s vibrant downtown, waterfront, restaurants, shopping, and entertainment. Newly repositioned at $1.999M, ...

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  • Houzeo last checked: 10 minutes ago
  • Listing updated: September 14, 2026 at 7:05 am
  • Listing Provided by: Elsa Liu (508) 838-6442 | Realty ONE Group Cosmopolitan (781) 219-3200
  • Source: MLS Property Information Network-MA | MLS#: 73575709 MLS Property Information Network-MA

Part of

Building
21 Palmer St
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Property Details

  • Status

    Active

  • Type

    Multi Family

  • No. of Stories

    3

  • County

    Essex County

  • City

    Salem

  • Neighborhood

    --

  • Year Built

    1915

  • HOA Fees

    -

  • Finished Area

    7,044 sqft

  • Lot Size

    0.16 acre lot

  • Basement Area

    - sqft

  • MLS Name

    MLS Property Information Network

  • MLS Number

    73575709

  • MLS Status

    Active

  • Days on Market

    10

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Facts & Features

Rooms

  • Bedrooms & bathrooms

    Bedrooms: 20

    Bathrooms: 6

Interior

  • Sewer

    Public Sewer

Construction

  • Year Built

    Year Built: 1915

  • Home type

    Multi Family

  • Construction Materials

    Frame

  • Roof

    Shingle

  • Foundation Details

    Concrete Perimeter

Utilities & Energy

  • Water Source

    Public

  • Basement

    Unfinished

  • Parking Features

    Deeded

Other Features

  • Lot Features

    Corner Lot

  • Patio And Porch Features

    Porch, Covered

  • Disclosures

    Measurements Are Approximate. Buyer/buyer's Agent To Perform Due Diligence And Verify All Listing Information. Detailed Financials And Property Information Are Available Upon Request. Please Email Listing Agent To Obtain The Om.

Price History

DateEventPrice

09/10/2026

Source: mls_logoMLS Property Information Network-MA #73575709

Listed for Sale

$1,999,000

$284/sqft

Based on information provided to and compiled by MLS Property Information Network, Inc. covering through Sep 21, 2026, 04:45AM. 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. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified. © 2026 MLS Property Information Network, Inc. All Rights Reserved.

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