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15 1/2 Palmer St, Salem, MA, 01970

6beds
3baths
3,968sqft
$939,000
$237price/sqft
$6,611/moest. monthly cost
$264,440/yrincome needed

About This Home

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.

Getting Around

95
WalkingWalker's Paradise
38
TransitSome Transit
72
BikeVery Bikeable

Schools

5/10
Saltonstall SchoolGrades K-80.2 mi
--
Salem Prep High SchoolGrades 9-120.5 mi
6/10
Collins Middle SchoolGrades 6-80.7 mi

Construction

Condition

  • Year built: 1915

Materials

  • Foundation: Concrete Perimeter
  • Roof: Shingle
  • Construction materials: Frame

Type & Style

  • Home type: MultiFamily
  • Property subType: 3 Family

Interior

Appliances

  • Appliances included: Range,Refrigerator

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Finished area above ground: 3,968

Heating

  • Heating features: Natural Gas

Interior Area

  • Total structure area: 3,968
  • Total interior livable area: 3,968 sqft

Property

Details

  • Zoning: R3

Features

  • Patio & porch: Enclosed
  • Fencing: Fenced

Lot

  • Lot size: 4,021 sqft
  • Features: Other

Parking

  • Total spaces: 4
  • Parking features: Off Street
  • Uncovered spaces: 4