5 Palmer St
Salem, MA 01970
- 9 Beds
- 3 Baths
- 2,940 sqft
9 Beds
3 Baths
2,940 sqft
Local Information
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Description
Take advantage of these low interest rates and invest in this spacious 3-family home just blocks away from Downtown Salem. Whether you're an investor looking to add to your portfolio, first time home-buyer looking for some extra rental income, or anywhere in between- this home simply delivers! All 3- units include 3 bedrooms, 1 bathroom, hardwood floors & ceramic tiles, separate living and dining area, high ceilings, and plenty of windows for that beautiful natural light. There is a full basement with coin-op washer/ dryer, oil heat for the first unit. Second and third units gas heat. All three units are deleaded. About a mile and a half from Salem Willows, with plenty of local restaurants, and shopping centers in between, and minutes from rt. 107, rt. 1A, and rt. 128.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.
Home Highlights
Parking
No Info
Outdoor
Porch
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
No Info
Home Details for 5 Palmer St
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Interior Details BasementAtticNumber of Rooms: 18Types of Rooms: Dining Room |
Heating & Cooling Heating: Other, GasHeating Fuel: Other |
Levels, Entrance, & Accessibility Stories: 3Floors: Tile, Hardwood |
Appliances & Utilities DishwasherRefrigerator |
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Exterior Home Features Roof: AsphaltExterior: WoodPorch |
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Year Built Year Built: 1915 |
Property Type / Style Property Type: Multi FamilyArchitecture: Other |
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Units in Building: 3 |
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Lot Area: 2613 sqft |
Price History for 5 Palmer St
| Date | Price | Event | Source |
|---|---|---|---|
| 03/20/2020 | $630,000 | Sold | N/A |
| 11/06/2019 | $645,000 | PriceChange | Agent Provided |
| 06/28/2019 | $659,900 | PriceChange | Agent Provided |
| 05/21/2019 | $669,900 | Listed For Sale | Agent Provided |
| 07/06/2005 | $382,000 | Sold | N/A |
| 08/15/1994 | $126,000 | Sold | N/A |
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $8,551 |
| Assessment | $754,100 |
Home facts updated by county records
Comparable Sales for 5 Palmer St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.09 | Multi-Family Home | $650,000 | 03/23/26 | 5 | 2 | 3,378 | |
0.21 | Multi-Family Home | $910,000 | 08/28/25 | 6 | 3 | 2,943 | |
0.22 | Multi-Family Home | $1,000,000 | 02/02/26 | 9 | 3 | 5,313 | |
0.32 | Multi-Family Home | $735,000 | 02/17/26 | 6 | 3 | 2,594 | |
0.14 | Multi-Family Home | $1,050,000 | 06/04/25 | 8 | 4 | 4,486 | |
0.17 | Multi-Family Home | $602,000 | 08/06/25 | 5 | 2 | 1,674 | |
0.31 | Multi-Family Home | $820,000 | 06/05/25 | 5 | 3 | 2,056 | |
0.35 | Multi-Family Home | $1,149,000 | 07/18/25 | 7 | 4.5 | 2,858 | |
0.07 | Multi-Family Home | $1,475,000 | 06/06/25 | 13 | 6 | 5,320 | |
0.18 | Multi-Family Home | $929,000 | 08/01/25 | 4 | 2 | 2,474 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 5 Palmer St.
What Locals Say about Salem
At least 436 Trulia users voted on each feature.
90 % Say there are sidewalks
86 % Say it's dog friendly
81 % Say it's walkable to restaurants
72 % Say there's holiday spirit
70 % Say streets are well-lit
70 % Say people would walk alone at night
64 % Say car is needed
61 % Say parking is easy
61 % Say it's walkable to grocery stores
60 % Say yards are well-kept
59 % Say kids play outside
56 % Say they plan to stay for at least 5 years
51 % Say neighbors are friendly
50 % Say it's quiet
41 % Say there's wildlife
34 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
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5 Palmer St, Salem, MA 01970 is a 9 bedroom, 3 bathroom, 2,940 sqft multi-family built in 1915. This property is not currently available for sale. 5 Palmer St was last sold on Mar 20, 2020 for $630,000. The current Trulia Estimate for 5 Palmer St is $957,800.

