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$939,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 3 Units
  • 6 Total Beds
  • 0.09 Acres
  • Updated 16 hours ago
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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.

Full Property Details for 15 1/2 Palmer

General

  • Price: $939,000
  • Taxes: $8,054 (2025)
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 73556225
  • Updated: 7/29/2026
  • Added to Site: 2 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 6

Parking

  • Parking Features: Off Street

Location

  • County: Essex

Structural Information

  • Stories/Levels: 3
  • Square Feet: 3,968
  • Year Built: 1915

Lot Features

  • Lot Size (Acres): 0.09

Financial Considerations

  • Tax Amount: $8,054
  • Tax Year: 2025

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

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Listing agent

— 15 1/2 Palmer —

  • Francesca Little

    Little & Co., REALTORS®

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 15 1/2 Palmer

School District:Salem School District, Salem, MA
NameGradesDistance
Saltonstall School
211 Lafayette Street, Salem, MA 01970
K-80.1 mi
Carlton Elementary School
10 Skerry Street, Salem, MA 01970
K-51.1 mi
Horace Mann Laboratory
79 Willson Street, Salem, MA 01970
K-51.1 mi
Collins Middle School
29 Highland Avenue, Salem, MA 01970
6-80.7 mi
Salem Prep High School
2 Museum Place Mall, Salem, MA 01970
9-120.5 mi
Salem High School, Salem, MA
77 Willson Street, Salem, MA 01970
9-121.2 mi
Bates Elementary School, Salem, MA
53 Liberty Hill Avenue, Salem, MA 01970
K-51.5 mi
Witchcraft Heights Elementary School
1 Frederick Street, Salem, MA 01970
K-51.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 15 1/2 Palmer Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/28/2026
Listed
$939,000
386.53%
MLS
2/01/2010
Sold
$193,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 15 1/2 Palmer

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,343
3%
$647,500
5%
2024
$7,132
4%
$613,800
11%
2023
$6,889
5%
$550,700
11%
2022
$6,580
4%
$496,600
8%
2021
$6,323
13%
$458,200
19%
2020
$5,576
2%
$385,900
7%
2019
$5,459
7%
$361,500
9%
2018
$5,102
5%
$331,700
8%
2017
$4,858
1%
$306,300
—
2016
$4,800
18%
$306,300
24%
2015
$4,068
8%
$247,900
10%
2014
$3,776
—
$225,700
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 15 1/2 Palmer

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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

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15 1/2 Palmer, Salem, MA 01970 (MLS# 73556225) is a Multi-Family property with 3 units containing 6 bedrooms and 3 full bathrooms. 15 1/2 Palmer is currently listed for $939,000 and was received on July 28, 2026. Want to learn more about 15 1/2 Palmer? Do you have questions about finding other Multi-Family real estate for sale in North Lawrence? You can browse all North Lawrence real estate or contact a Coldwell Banker agent to request more information.

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