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1016 Chestnut St., Palmer MA 01550

$474,900

Estimated $1,266/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $237,450

Total Rent: 19200/year

Estimated CAP Rate:

5 Bedrooms

Baths

2616

Total Parking: 14 (4 Garage)

18,295 (0.42)

Fantastic opportunity for income producing or multi generational living! This single-family home is currently being utilized as a two-family, offering flexible living arrangements for today’s needs. Live in one unit while generating rental income from the other potentially offsetting your mortgage. The home has been remodeled and features 5 bedrooms (3bedrooms on one level and. 2 on the second) updated kitchens and bathrooms, enclosed porches, lots of wood floors throughout and much more! Also included is a large 40 ft Lx26 ft wide and 12 foot walls workshop-style garage, ideal for a tradesperson working from home or for additional rental income. A versatile property with strong income potential, buyer to perform due diligence regarding use.

This home has been viewed 2 times

Last Checked: May 4th, 2026 at 8:08am (Source: MLS PIN #73509485)

Gross Income: $19,200

Gross Expenses: $5,957

Net Income Calc: $13,243

Annual Expenses for 1016 Chestnut St., Palmer MA 01550

Total Gross Expenses (Calculated)$5,957/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax5957

Annual Income & Unit Breakdown for 1016 Chestnut St., Palmer MA 01550

Total Gross Income (Calculated)$19,200

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

General Information for 1016 Chestnut St., Palmer MA 01550

Listing ID73509485

Property TypeMulti Family / 2 Family

Price474900 ($181.54/SqFt)

Style2 Family - 2 Units Up/down

CityPalmer

CountyHampden

Neighborhood(s)

Approximate Living Area Total2616

Approximate Lot Size (Acres)0.42

Total Parking14 (4 Garage)

Garage Parking4

Year Built1904

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

Zoningtr

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 1016 Chestnut St., Palmer MA 01550

Lead PaintNone

UFFINo

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsAll Personal Property.

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 1016 Chestnut St., Palmer MA 01550

Real Estate Taxes5957

Tax Year2025

Assessed Value$328,200

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 1016 Chestnut St., Palmer MA 01550

Neighborhood(s)

Area Amenities

Contact Information for 1016 Chestnut St., Palmer MA 01550

Agent

Name: Gwendolyn Levine

Office

Name: Executive Real Estate, Inc.

Phone: 413-596-2212

Payment Calculator

, Interest

Property Taxes 496.42

Principal & Interest 2926.18

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Executive Real Estate, Inc.

Gwendolyn Levine

Agent Phone

Office Phone

(413) 596-2212

Text Agent Call Agent Call Office

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EXIT

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