15 1/2 Palmer Salem — Photo 1 of 28
Recent Drop: $40,000
$899,000
Investment Analysis — 15 1/2 Palmer
Salem, MA 01970
Based on rent reported on the MLS listing, a 3-unit multi-family in 01970 carries $6,528/mo in gross rent — about a 5.73% cap rate and $51,481/yr in estimated NOI at the $899,000 list price. Adjust every assumption in the calculator below.
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.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Refrigerator
Neighborhood
Public Transportation • Park • Medical Facility • Laundromat • House of Worship • Public School
Geography
Property History
$899,000
Was $939,000
Aug 4, 2026
MLS® 73556225
$939,000
Jul 28, 2026
MLS® 73556225
Listing Agent: Francesca Little
Listing Office: Little & Co., REALTORS®
MLS® Number: 73556225