
15 1/2 Palmer Salem — Photo 1 of 28
Recent Drop: $40,000
$899,000
Salem, MA 01970
Beds
6
Baths
3
SqFt
3,968
Style
3 Family
Built
1915
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.
* Analysis is based on 20 actively listed and recently sold comparable properties strictly within Salem, MA.
Range • Refrigerator
Public Transportation • Park • Medical Facility • Laundromat • House of Worship • Public School
Was $939,000
Aug 4, 2026
MLS® 73556225
Jul 28, 2026
MLS® 73556225
44,738
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
$85K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
50.4%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
992 housing units permitted in the last 12 months (-15% vs the prior 12 months) — 515 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jun '26)
Listing Agent: Francesca Little
Listing Office: Little & Co., REALTORS®
MLS® Number: 73556225
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