1039-1041 Central St, Palmer MA 01069
Palmer, MA 01069
$555,000
Est. $3,415/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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About this home
If you or your clients have been searching for a meticulously maintained, turn-key four-unit property, 1039-1041 Central Street is the ideal find for both first-time investors looking to move right into the vacant unit and let the remaining tenants cover the mortgage, and seasoned investors seeking a high-performing asset that is already beating the 1% rule. Featuring three currently occupied units and one intentionally left vacant for immediate move-in readiness, every unit has been recently updated and offers split utilities with electric heat, complemented by a newer roof, updated mechanicals, a hardwired security system, convenient on-site laundry in the basement, and ample off-street parking just minutes from the Mass Pike. As an added bonus for those looking to scale quickly, this property can also be purchased as a portfolio package with an upcoming six-unit building in nearby Monson, MA, making it a rare, high-yield opportunity you won't want to miss.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Sep 28, 2026
$555,000
Original listing
Agent: The Merrill Group
Office: Naples Realty Group
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/28/2026 | 🏠 Listed for Sale | $555,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $4,908 | $262,600 |
Financial Details
Annual Property Tax
$4,908
Tax Year 2026
Assessed Value
$262,600
Facts & Features
Home Facts
Type
Residential Income
Style
4 Family - 4 Units Up/Down
Year Built
1870
Living Area
2,328 sq ft
Lot Size
0.31 acres
Stories
4
Bedrooms
4
Full Baths
4
Total Rooms
16
Investment Metrics
Units
4
Unit 1 Rent
$1,400/mo · Y
Unit 2 Rent
$1,400/mo · Y
Unit 3 Rent
$1,375/mo · Y
Unit 4 Rent
$1,375/mo · N
Total Monthly Rent
$5,550/mo
Gross Income
$66,600
Net Operating Income
$39,736
Operating Expenses
$23,534
Cap Rate
7.16%
Interior
Heating
None
Cooling
None
Flooring
Vinyl
Appliances
None
Fireplace
None
Basement
Full, Dirt Floor
Laundry
None
Features
None
Exterior
Construction
Frame, Post & Beam
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Paved Drive, Off Street
Total Spaces
8
Utilities
Electric
100 Amp Service
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$4,908
Assessed Value
$262,600
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
Information Deemed Reliable But Not Guaranteed. Buyer And Buyer’s Agent To Exercise Due Diligence And Independently Verify All Property Information, Including But Not Limited To Square Footage, Room Count, Lot Dimensions, Boundary Lines, Tax Amounts, Zoning, Permitted Uses, And Utilities. Seller And
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Hampden
Property Overview
Property Type
4 Family - 4 Units Up/Down
Listing Type
For Sale
Year Built
1870
Bedrooms
4
Full Bathrooms
4
Living Area
2,328 sq ft
Total Rooms
16
Stories
4
Levels
4
Floor Layout
Interactive room guide
Floor Layout
Finished Area
2,328 sq ft above grade
Display Options
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Vinyl
Appliances:
Interior Features:
Windows:
Basement:
Full, Dirt Floor
Laundry:
Security:
Construction & Materials
Year Built:
1870
Structure Type:
Exterior Materials:
Frame, Post & Beam
Roof:
Shingle
Foundation:
Stone, Brick/Mortar
Stories:
4
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Electric
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Level
Road Surface:
Parking & Garage
Total Parking Spaces:
8
Parking Features:
Paved Drive, Off Street
Nearby Schools
School District
Palmer School District local
C-
School Safety
2024-25
6.6%
Above Average
5.7%
Suspensions
0.5%
In-School
0.9%
Emergency
1.1% above state avg
Elementary Schools
1 school
C-
Old Mill Pond School
2.1 mi
|
#701 of 825
|
Score: 35.7
Dropped 68 spots from last year
-22.6 below state avg
676 students
Moderate
Grades PK-06
High Schools
2 schools
B-
Palmer High School
2.1 mi
|
#182 of 346
|
Score: 53.6
Improved 115 spots from last year
-4.6 below state avg
392 students
Moderate
15 sports
• 550 athletes
High Graduation Rate
Rising School
College Ready Curriculum
Strong Athletics
Grades 07-12
C
Pathfinder Regional Vocational-Technical High School
2.3 mi
|
#250 of 346
|
Score: 47.1
Dropped 26 spots from last year
-11.1 below state avg
647 students
Moderate
15 sports
• 496 athletes
Career Tech Programs
College Ready Curriculum
Strong Athletics
Strong Attendance
Grades 09-12
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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
$409
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
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.
Location
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Neighborhood
1039-1041 Central St, Palmer MA 01069
Palmer, MA 01069
Listing Information
Listing Agent
The Merrill Group
Listing Office
Naples Realty Group
Office Phone
413-650-1314
Agent MLS ID
TM353196
Office MLS ID
AN6415
Listing Data Updated
Sep 28, 2026 12:44 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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