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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.

More Info

Basic Information

  • Gross Income $82,476
  • Lot Features Other
  • Mls StatusNew
  • Rent Includes Unit 1(Heat, Hot Water), Unit 2(Heat, Hot Water), Unit 3(Heat, Hot Water)

Tax Information

  • Tax Assessed Value $747,100
  • Tax Year 2025
  • Taxes$8,054

Parking

  • Parking Features Off Street
  • Parking Spaces4

Rooms

  • Bathroom3
  • Bathrooms Total Decimal 3
  • Bedrooms6
  • Full Bath3

Basic Information

  • List Price$939,000
  • MLS Number73556225
  • Modification Date07/30/2026
  • Property SubType3 Family

Location

  • Address15 1/2 Palmer
  • Building Number15 1/2
  • CountyEssex
  • StateMA
  • StreetPalmer
  • TownSalem
  • Zip01970

Building

  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationConcrete Perimeter
  • Levels 3
  • Patio And Porch Features Enclosed
  • Rooms14
  • Stories3
  • Units3
  • Year Built1915
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.09

Exterior

  • Fencing Fenced
  • RoofShingle

Utilities

  • Electric Expense 758
  • Heat SystemYes
  • Heating Natural Gas
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 3,968
  • Lot Size Square Feet 4,021
  • Lot Size Units Acres
  • Square Feet3,968

Amenities

  • Amenities
    • House of Worship
    • Laundromat
    • Medical Facility
    • Park
    • Public School
    • Public Transportation
    • T-Station
    • University
  • Appliances IncludedRange, Refrigerator

Legal

  • ZoningR3

Other

  • Date Listed07/29/2026
  • Farm Land Area Units Square Feet

Map Location

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Listed by Francesca Little of Little & Co.,REALTORS®

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