15 1/2 Palmer Salem — Photo 1 of 28
Recent Drop: $40,000
$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
* Analysis is based on 20 actively listed and recently sold comparable properties strictly within Salem, MA.
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
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)
Listing Agent: Francesca Little
Listing Office: Little & Co., REALTORS®
MLS® Number: 73556225
Browse More Homes in Salem
Explore other active listings in the area.
