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17-23 Palmer StreetSalem, MA 01970Price: $2,299,900

  • Price: $2,299,900
  • Est. Mortgage of $/month
  • 67 Days on Market
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Federal 30-year interest rate: 6.36% last updated on May 14, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $2,299,900List Price
  • 19Bedrooms
  • 6Bathrooms
  • 0.16Acreage
  • 7,044Square Feet
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17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970
17-23 Palmer Street Salem MA 01970

Listing Tools

Listed by The Liu Group of Realty ONE Group Cosmopolitan
CASH COW! 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.

Property Details of 17-23 Palmer Street

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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. 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. MLSPIN 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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