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Claudia Lavin

I'm Claudia Lavin Rodriguez, a Lexington, MA real estate agent helping first-time buyers, young professionals and families across Greater Boston — from first search to keys.

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Contact

  • 7 Langley Road, Newton, MA, 02459
  • (603) 320-2906
  • claudialavin.re@gmail.com

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Luxury Realty Partners

© 2026 Claudia Lavin. All rights reserved.
Equal Housing Opportunity. Information deemed reliable but not guaranteed.

  1. Home
  2. Listings
  3. 15 1/2 Palmer, Salem, MA 01970
Active
20 Days on market
15 1/2 Palmer Salem — Photo 1 of 28

15 1/2 Palmer Salem — Photo 1 of 28

Recent Drop: $40,000

$939,000
$899,000

$899,000

15 1/2 Palmer, Salem, MA 01970

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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$227/sqft
Local Avg (Salem)$339/sqft
33% BelowMarket Average

* Analysis is based on 20 actively listed and recently sold comparable properties strictly within Salem, MA.

Property Details

Financials

Original Price$939,000
Annual Taxes$8,054

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms14
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

HeatingNatural Gas
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR3

Property & Lot

Acres0.09
SqFt Lot4,021
Lot FeaturesOther

Amenities & Appliances

Range • Refrigerator

Neighborhood

Public Transportation • Park • Medical Facility • Laundromat • House of Worship • Public School

Geography

Property History

Price Drop
$899,000

Was $939,000

Aug 4, 2026

MLS® 73556225

Listed
$939,000

Jul 28, 2026

MLS® 73556225

Population

44,738

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$85K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

50.4%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

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)

Full Salem, MA market report ZIP 01970 market data
Listing Provided By

Listing Agent: Francesca Little

Listing Office: Little & Co., REALTORS®

MLS® Number: 73556225

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