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1016 Chestnut St., Palmer MA 01550

Palmer, MA 01550
$474,900
Est. $3,098/month
5
Beds
2
Baths
2,616
Sq Ft
$182
Price/Sq Ft
0.42
Acres
1904
Year Built
2 Family - 2 Units Up/Down
Type
12 hours 13 minutes
Time on Market
Active Listed Apr 29, 2026 • MLS# 73509485 Copied!

About this home

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.

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Property Overview

Property Type
2 Family - 2 Units Up/Down
Listing Type
For Sale
Year Built
1904
Bedrooms
5
Full Bathrooms
2
Living Area
2,616 sq ft
Total Rooms
9
Stories
2
Levels
2

Facts & Features

4 Car Garage

Home Facts

Type Residential Income
Style 2 Family - 2 Units Up/Down
Year Built 1904
Living Area 2,616 sq ft
Lot Size 0.42 acres
Bedrooms 5
Full Baths 2
Total Rooms 9

Interior

Heating None
Cooling None
Flooring Wood, Tile
Appliances None
Fireplace None
Basement None
Laundry None
Features Living Room, Kitchen, Laundry Room

Exterior

Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch Deck

Parking

Garage Spaces 4
Has Garage Yes
Features Off Street
Total Spaces 10

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $5,957
Assessed Value $328,200

Interior Features

Flooring: Wood, Tile
Appliances:
Interior Features: Living Room, Kitchen, Laundry Room
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1904
Structure Type:
Exterior Materials:
Roof:
Foundation: Concrete Perimeter
Stories: 2

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch: Deck
Fencing:
Other Structures:
Lot Features: Level
Road Surface:

Parking & Garage

Garage Spaces: 4
Total Parking Spaces: 10
Parking Features: Off Street

Location

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Neighborhood

1016 Chestnut St., Palmer MA 01550

Palmer, MA 01550

Walkability

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Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $496
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Property Timeline

🏠
Listed for Sale
Apr 29, 2026
$474,900
Original listing
Agent: Gwendolyn Levine Office: Executive Real Estate, Inc.

Price & Status History

Date Event Price Change
Apr 29, 2026 New Listing Added $474,900 —

Market Statistics

Time on Market
12 hours 13 minutes
Price per Sq Ft
$182

Tax History

Year Taxes Assessment
2025 $5,957 $328,200

Financial Details

Annual Property Tax
$5,957
Tax Year 2025
Assessed Value
$328,200

Listing Information

Listing Agent Gwendolyn Levine
Listing Office Executive Real Estate, Inc.
Agent MLS ID M9502241
Office MLS ID AC1693
Listing Data Updated Apr 29, 2026 1:19 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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