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Sold for $1,250,000 on 09/11/24
  • $1,250,000

    12 Palmer St, Salem, MA 01970

    10beds
    4,032sqft
    5+ Family - 5+ Units Up/Down
    Built in 1915
    -- sqft lot
    $1,277,500 Zestimate®
    $310/sqft
    $3,265 Estimated rent

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    $3,265/mo

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    $3,265/mo

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    $7,776/mo

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    $7,776/mo

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    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: September 11, 2024 at 07:25am

    Listed by:

    Dan Pouladian,

    North Shore Realty Advisors,

    Sara Pouladian

    Bought with:

    Sara Pouladian

    North Shore Realty Advisors

    Source: MLS PIN,MLS#: 73260709

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 6
    • Full bathrooms: 6
    Features
    • Flooring: Tile, Varies, Hardwood
    • Basement: Full
    • Has fireplace: No
    Interior area
    • Total structure area: 4,032
    • Total interior livable area: 4,032 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Paved Drive, Off Street, Assigned
    • Garage spaces: 1
    • Has uncovered spaces: Yes
    Lot
    • Size: 2,465 sqft
    • Features: Corner Lot
    Details
    • Foundation area: 9999
    • Parcel number: 2135541
    • Zoning: R3

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 5+ Family - 5+ Units Up/Down
    Materials
    • Brick, Stone
    • Foundation: Stone
    • Roof: Rubber
    Condition
    • Year built: 1915

    Utilities & green energy

    • Electric: 220 Volts, Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: for Gas Range, for Electric Range, Varies per Unit

    Community & neighborhood

    Community
    • Community features: Public Transportation, Park
    Location
    • Region: Salem

    HOA & financial

    Other financial information
    • Total actual rent: 7025
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    Estimated market value
    $1,277,500