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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)

Location

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

Utilities

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

Amenities

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

Tax Information

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

Basic Information

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

Property

  • Acreage0.09

Exterior

  • Fencing Fenced
  • RoofShingle

Property Information

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

Other

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

Parking

  • Parking Features Off Street
  • Parking Spaces4

Rooms

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

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

Map Location

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

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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