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1061-1063 Pleasant St, Palmer MA 01069

Palmer, MA 01069
$399,999
Est. $2,695/month
5
Beds
4
Baths
3,236
Sq Ft
$124
Price/Sq Ft
0.14
Acres
1875
Year Built
6
Parking
11 hours 15 minutes
Time on Market
Active Open House Listed Jul 6, 2026 • MLS# 73545109 Copied! • Updated Jul 6, 2026

Open House Schedule

11
Jul
Saturday, July 11
10:00 AM - 12:00 PM EDT

About this home

Excellent investment opportunity to own a fully occupied four-unit multifamily property in Palmer. This income-producing asset features a desirable unit mix of three 1-bedroom apartments and one 2-bedroom apartment, providing strong rental demand and diversification.The property currently generates $4,200 per month in gross rental income, offering immediate cash flow for investors looking to expand their portfolio or enter the multifamily market.Conveniently located with easy access to local amenities, shopping, restaurants, schools, and major routes, this property appeals to a broad tenant base. Whether you're a seasoned investor or looking for a turnkey multifamily investment, 1061–1063 Pleasant Street presents an excellent opportunity with stable rental income and long-term upside.

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Recently Sold Nearby

Property History

Property Timeline

🏠
Listed for Sale
Jul 6, 2026
$399,999
Original listing
Agent: Andrew Rodman Office: Lock and Key Realty Inc.

Tax History

Year Taxes Assessment
2025 $5,663 $312,000

Financial Details

Annual Property Tax
$5,663
Tax Year 2025
Assessed Value
$312,000

Facts & Features

Home Facts

Type Residential Income
Style 4 Family - 4 Units Up/Down
Year Built 1875
Living Area 3,236 sq ft
Lot Size 0.14 acres
Bedrooms 5
Full Baths 4
Total Rooms 16

Investment Metrics

Units 4
Unit 1 Rent $1,100/mo · Y
Unit 2 Rent $1,000/mo · Y
Unit 3 Rent $1,050/mo · N
Unit 4 Rent $1,050/mo · N
Total Monthly Rent $4,200/mo
Gross Income $50,400
Net Operating Income $50,400
Cap Rate 12.60%
Heating None
Cooling None
Flooring Wood, Vinyl
Appliances None
Fireplace None
Fireplaces 4
Basement Full
Laundry None
Features None
Construction None
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features Paved Drive, Driveway
Total Spaces 6
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $5,663
Assessed Value $312,000
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures Buyers And Buyers Agent To Any And All Due Diligence
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
1875
Bedrooms
5
Full Bathrooms
4
Living Area
3,236 sq ft
Total Rooms
16
Stories
4
Levels
4

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring: Wood, Vinyl
Appliances:
Interior Features:
Windows:
Basement: Full
Laundry:
Security:

Construction & Materials

Year Built: 1875
Structure Type:
Exterior Materials:
Roof: Shingle
Foundation: Stone
Stories: 4

Heating, Cooling & Utilities

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

Exterior & Lot

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

Parking & Garage

Total Parking Spaces: 6
Parking Features: Paved Drive, Driveway

Special Features

Fireplaces: 4
Fireplace Type:
Community Amenities: Medical Facility, Highway Access, House of Worship, Public School
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
E

Elementary Schools

2 schools
C-
Old Mill Pond School
2.2 mi | #702 of 824 | Score: 35.5
Dropped 69 spots from last year
-22.7 below state avg
677 students Moderate
Grades PK-06
Quarry Hill Community School
3.0 mi
120 students Moderate
Grades PK-K
M

Middle Schools

1 school
C
Granite Valley School
3.0 mi | #643 of 824 | Score: 38.5
Dropped 181 spots from last year
-19.7 below state avg
400 students Less Diverse
Grades 01-06
H

High Schools

3 schools
B-
Palmer High School
2.1 mi | #200 of 346 | Score: 51.4
Improved 97 spots from last year
-6.8 below state avg
416 students Moderate
15 sports • 550 athletes
Rising School College Ready Curriculum Strong Athletics
Grades 07-12
C
Pathfinder Regional Vocational-Technical High School
2.4 mi | #265 of 346 | Score: 45.0
Dropped 41 spots from last year
-13.3 below state avg
660 students Less Diverse
15 sports • 496 athletes
Career Tech Programs College Ready Curriculum Strong Athletics
Grades 09-12
C
Monson High School
2.8 mi | #256 of 346 | Score: 45.7
Dropped 85 spots from last year
-12.5 below state avg
280 students Moderate
15 sports • 520 athletes
Strong AP Program College Ready Curriculum Strong Athletics
Grades 07-12
Learn about these ratings

Monthly Payment Calculator

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

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $472
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.

Location

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Neighborhood

1061-1063 Pleasant St, Palmer MA 01069

Palmer, MA 01069

Listing Information

Listing Agent Andrew Rodman
Listing Office Lock and Key Realty Inc.
Office Phone 413-282-8080
Agent MLS ID CN218763
Office MLS ID AN5521
Listing Data Updated Jul 6, 2026 1:55 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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