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15 1/2 PalmerSalem, MA 01970

For Sale

$939,000

Smart Buyer Rebate $4,695

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.

Listed by Francesca Little

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Little & Co., REALTORS®

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978-973-7277

Last updated July 30, 2026

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Source: MLSPin #73556225

Listing Facts

  • TypeMulti-family
  • NeighborhoodSouth Salem
  • Bedrooms6
  • Bathrooms3
  • Days on Prevu3
  • Taxes$8,054/year
  • Size3,968 sqft
  • Price per sqft$237

Amenities

  • Private Outdoor Space
  • Parking

Location

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Listing History

07/28/2026
Listed by Little & Co., REALTORS®
$939,000

Property Details for 15 1/2 Palmer

Association

Amenities

  • Community Features: Public Transportation, Park, Medical Facility, Laundromat, House Of Worship, Public School, T-Station, University

Exterior

Construction

  • Number Of Units Total: 3
  • Roof: Shingle
  • Stories: 3
  • Stories Total: 3
  • Year Built: 1915
  • Year Built Details: Approximate
  • Construction Materials: Frame

Features

  • Fencing: Fenced
  • Patio And Porch Features: Enclosed

Measurements

  • Building Area Total: 3,968
  • Building Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.09
  • Lot Size Area: 0
  • Lot Size Square Feet: 4,021
  • Lot Size Units: Acres

Financial

Residential Income

  • Gross Income: $82,476.00
  • Operating Expense: $20,679.00

Taxes

  • Tax Annual Amount: $8,054.00
  • Tax Assessed Value: $747,100.00
  • Tax Year: 2025

Interior

Features

  • Appliances: Range, Refrigerator

Measurements

  • Living Area: 3,968
  • Living Area Source: Public Record

Rooms

  • Bathrooms Full: 3
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 6
  • Rooms Total: 14

Parking

Parking

  • Open Parking Spaces: 4
  • Parking Features: Off Street
  • Parking Total: 4

Utilities

Equipment

  • Heating: Natural Gas
  • Has Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this multi-family home have?

There are 6 bedrooms and 3 bathrooms in this multi-family home at 15 1/2 Palmer.

Does this multi-family home have parking?

Yes, there are 4 parking spaces available for 15 1/2 Palmer.

What are the annual taxes for 15 1/2 Palmer?

Annual taxes for this multi-family home are estimated at $8,054.

How does 15 1/2 Palmer compare to other multi-family homes in South Salem?

This multi-family home is listed 50% below the average price for multi-family homes in South Salem and has been on the market for 39 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 3,968 sqft.

15 1/2 Palmer is a 6-bedroom, 3-bath multi-family home for sale in Salem MA 01970. Listed on Prevu for 3 days at $939,000. This residence features 3,968 square feet of living space, located in South Salem. The median listing price for multi-family homes in this area is $624,500. The home offers private outdoor space and parking. View other multi-family home listings in Salem.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.