Sold!
$1,250,000
10
Beds
6
Baths
4,032
Living Area
-
Property Description
12 Palmer Street is located in Historic Downtown Salem Massachusetts. This beautiful six (6) unit red brick building boasts an ideal unit-mix of three (3) two-bedroom units, two (2) one-bedroom units, and one (1) studio with tandem parking driveway and one (1) garage parking spot. The property has a total gross square footage of 5,995 ± with a rentable square footage of 4,032±, and features laundry on site along with individual locked storage rooms for additional income. All units feature open floor plans with lots of natural light, hardwood floors and ceramic tile in kitchens. The property has undergone recent capital improvements such as a new rubber roof in 2021, recently installed boiler and hot water tank, window replacements, interior and exterior painting, common area LED lighting, and various renovations within the apartments. Located within walking distance to Derby Street and Downtown Salem, the location presents a great opportunity for tenants who work downtown and commute.
-
Highlights
- Area: South Salem
- Property Class: Residential Income
- Total Rooms: 15
- Status: Closed
- Parking Spots: 2
- Property Type: 5+ Family - 5+ Units Up/Down
- Year Built: 1915
-
Additional Details
- Basement: Full
- Flooring: Tile, Varies, Hardwood
- Foundation Area: 9999
- Road Frontage Type: Public
- Total Number of Units: 6
- Year Built Source: Public Records
- Construction: Brick, Stone
- Foundation: Stone
- Lot Features: Corner Lot
- Roof: Rubber
- Year Built Details: Approximate
- Zoning: R3
-
Amenities
- Community Features: Public Transportation, Park
- Parking Features: Paved Drive, Off Street, Assigned
- Covered Parking Spaces: 1
-
Utilities
- Electric: 220 Volts, Circuit Breakers
- Water Source: Public
- Sewer: Public Sewer
-
Fees / Taxes
- Assessed Value: $1,085,100
- Compensation Based On: Net Sale Price
- Tax Year: 2024
- Total Rent: $7,025
- Buyer Agent Compensation: 2%
- Facilitator Compensation: 1%
- Taxes: $12,609
Similar Listings
Sold
20 Photos
Sold
42 Photos
Sold
42 Photos
Sold
14 Photos
Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of North Shore Realty Advisors.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
