Date
Details
Price
Change
Source
9/10/2026
Listed
$1,999,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/23
$1,999,000 Just Listed
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1/23
Property Description
NEW PRICE!!! 9.81% CAP RATE | $250K+ GROSS INCOME | $196K+ NOI | 6 UNITS / 20 BEDROOMS! Exceptional opportunity to acquire a strong cash-flowing 6-unit multifamily in desirable Salem. Featuring an attractive unit mix of two spacious 4-bedroom units and four 3-bedroom units, the property generates approximately $250K in gross annual income with an estimated $196K NOI. Additional income from on-site laundry and storage, with further upside through future rent optimization and operational efficiencies. Convenient access to Boston via MBTA Commuter Rail and close to Salem's vibrant downtown, waterfront, restaurants, shopping, and entertainment. Newly repositioned at $1.999M, offering a compelling 9.81% cap rate, strong in-place income, immediate cash flow, and long-term upside potential.
Full Property Details
Full Property Details for 21 Palmer St
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General
- Price: $1,999,000
- Taxes: $18,974 (2026)
- Status: Active
- Type: Multi-Family
- MLS ID: 73575709
- Updated: 9/10/2026
- Added to Site: 1 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 6
Bedrooms
- Total Bedrooms: 20
Parking
- Parking Features: Deeded
Location
- County: Essex
Structural Information
- Basement: Yes
- Stories/Levels: 3
- Square Feet: 7,044
- Year Built: 1915
Lot Features
- Lot Size (Acres): 0.16
Financial Considerations
- Tax Amount: $18,974
- Tax Year: 2026
Disclosures and Reports
- Exclusions: Personal Properties
- Disclosures/Rstr.: Measurements are approximate. Buyer/Buyer's agent to perform due diligence and verify all listing information. Detailed financials and property information are available upon request. Please email listing agent to obtain the OM.
Listed by Realty ONE Group Cosmopolitan, Elsa Liu
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Listing agent
— 21 Palmer St —
Elsa Liu
Realty ONE Group Cosmopolitan
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 21 Palmer St
School District:Salem School District, Salem, MA
| Name | Grades | Distance |
|---|---|---|
Saltonstall School 211 Lafayette Street, Salem, MA 01970 | K-8 | 0.2 mi |
Carlton Elementary School 10 Skerry Street, Salem, MA 01970 | K-5 | 1.1 mi |
Horace Mann Laboratory 79 Willson Street, Salem, MA 01970 | K-5 | 1.1 mi |
Collins Middle School 29 Highland Avenue, Salem, MA 01970 | 6-8 | 0.7 mi |
Salem Prep High School 2 Museum Place Mall, Salem, MA 01970 | 9-12 | 0.5 mi |
Salem High School, Salem, MA 77 Willson Street, Salem, MA 01970 | 9-12 | 1.2 mi |
Bates Elementary School, Salem, MA 53 Liberty Hill Avenue, Salem, MA 01970 | K-5 | 1.5 mi |
Witchcraft Heights Elementary School 1 Frederick Street, Salem, MA 01970 | K-5 | 1.5 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 21 Palmer St
Estimate the Cost
Estimate the Cost for 21 Palmer St
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- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 1Total Bath
- 1,128Sq. Ft.
Listed by Beth Clark (781) 820-1090
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 5Total Baths
- 5,280Sq. Ft.
- Townhouse
- Active
- Updated 2 days ago
- 2Beds
- 3Total Baths
- 1,590Sq. Ft.
- Single Family
- Active
- Updated 2 hours ago
- 3Beds
- 3Total Baths
- 1,463Sq. Ft.
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- Single Family
- Active
- Updated 1 day ago
- 6Beds
- 3Total Baths
- 3,819Sq. Ft.
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21 Palmer St, Salem, MA 01970 (MLS# 73575709) is a Multi-Family property with 6 units containing 20 bedrooms and 6 full bathrooms. 21 Palmer St is currently listed for $1,999,000 and was received on September 10, 2026. Want to learn more about 21 Palmer St? 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.