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Property view

68-72 Palmer, 
Salem, MA 01970

$2,175,000

22

Beds

10

Baths

11,768

Sq Ft

Multi-Family

Sold

Listed by

Dan Pouladian

North Shore Realty Advisors

617-548-7737

MLS#

73164474

Source:

MLSPIN

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About This Home

68-72 Palmer

Rare investment opportunity in Salem. This oversized ten (10) unit 4-story red brick building boasts an ideal unit-mix of four (4) one-bedroom, six (6) three-bedrooms with nine (9) surface parking spots and is a total of 14,872 ± SF. All units feature open floor plans with lots of natural light, Salem Harbor views, large rooms, and laundry facilities on site. Tenants are responsible for separately metered utilities such as heat, hot water, and electric. Located within walking distance to Derby Street and Downtown Salem, the Palmer Street location presents a great opportunity for tenants who work downtown and is only .8 miles from Salem Depot Commuter Rail Station for a 20-minute ride to Boston. 68-72 Palmer Street allows investors an opportunity to acquire a rare oversized 10-unit value-add brick building with 22 bedrooms within a supply-constrained urban dense area in one of the strongest transit-oriented North Shore communities.

Home Facts

Multi-Family

10 Baths

22 Bedrooms

Built in 1915

Price Summary

2,050,000

$174 per Sq. Ft.

MLS #:

73164474

Sold:

November 14, 2023

Rooms & Interior

Bedrooms

Total Bedrooms:

22

Bathrooms

Total Bathrooms:

10

Full Bathrooms:

10

Interior

Living Area:

11,768 Sq. Ft.

Structure

Structure

Year Built:

1915

Lot

Lot Size (Sq. Ft):

6,229

Finances & Disclosures

Finances

Price:

$2,050,000

Price per Sq. Ft:

$174 per Sq. Ft.

Source:MLSPIN
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 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 or leasing 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 or leasing. 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.