2 Green St, Palmer MA 01069
Palmer, MA 01069
$929,000
Est. $5,984/month
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About this home
Attention Investors: Turnkey, high-cash-flow 8-unit building featuring a solid rental history and excellent tenant appeal. Every unit offers an identical, spacious 2BR layout, with 6 of the 8 units renovated within the last 10 years for minimal immediate CapEx. Features include ample off-street parking, dedicated tenant storage, and an on-site coin-op laundry facility providing immediate bonus income. Landlord covers heat, hot water, and trash, while tenants pay separate electric and cable. Strategically located for easy commuting near the MA Pike (I-90) and the Palmer business district. Well-maintained with clear value-add potential in the remaining units. All tenants are currently on a month-to-month basis, offering immediate rental upside. Total current gross income is $10,200/month. (For MLS unit detail: Units 6, 7, and 8 each have 4 rooms, 2 bedrooms, 1 bath, stove and refrigerator remain, rent is $1,300/month each.) Add this high-performer to your portfolio today!
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Recently Sold Nearby
Property History
Market Insights
Property Timeline
Status: Active under contract
Aug 11, 2026
Active → Active Under Contract
Pending Sale
Aug 7, 2026
Offer accepted, sale pending
Listed for Sale
Jul 9, 2026
$929,000
Original listing
Agent: Arthur Ferrara
Office: Landmark, REALTORS®
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/11/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 08/07/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 07/09/2026 | 🏠 Listed for Sale | $929,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $13,041 | $681,300 |
Financial Details
Annual Property Tax
$13,041
Tax Year 2025
Assessed Value
$681,300
Facts & Features
Home Facts
Type
Residential Income
Style
5-9 Family
Year Built
1965
Living Area
5,472 sq ft
Lot Size
0.26 acres
Stories
5
Bedrooms
16
Full Baths
8
Total Rooms
32
Investment Metrics
Units
8
Unit 1 Rent
$1,300/mo · N
Unit 2 Rent
$1,100/mo · N
Unit 3 Rent
$1,100/mo
Unit 4 Rent
$1,550/mo · N
Total Monthly Rent
$5,050/mo
Gross Income
$123,000
Net Operating Income
$84,961
Operating Expenses
$38,039
Water/Sewer Expense
$7,402
Electric Expense
$1,200
Insurance Expense
$4,000
Cap Rate
9.15%
Interior
Heating
Baseboard
Cooling
None
Flooring
Vinyl
Appliances
Washer, Dryer, Range, Microwave, Refrigerator
Fireplace
None
Basement
None
Laundry
None
Features
Living Room, Kitchen, Remodeled
Exterior
Construction
Frame
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
Individually Metered
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Electric Range, For Electric Oven
Financial
Annual Tax
$13,041
Assessed Value
$681,300
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
Solar Domestic Hot Water Pre-heat System Is Owned And Will Be Transferred In As-is Condition.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
yellow
Sq Ft Source
Public Record
Documents
None
County
Hampden
Total market time (incl. prior listings)
48 days
Property Overview
Property Type
5-9 Family
Listing Type
Sale Pending
Year Built
1965
Bedrooms
16
Full Bathrooms
8
Living Area
5,472 sq ft
Total Rooms
32
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
5,472 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
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:
Washer, Dryer, Range, Microwave, Refrigerator
Interior Features:
Living Room, Kitchen, Remodeled
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1965
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Concrete Perimeter
Stories:
5
Heating, Cooling & Utilities
Heating:
Baseboard
Cooling:
Hot Water:
Oil
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Paved
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
1.4 mi
|
#702 of 824
|
Score: 35.5
Dropped 69 spots from last year
-22.7 below state avg
677 students
Moderate
Grades PK-06
High Schools
2 schools
B-
Palmer High School
1.4 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
1.5 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
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Monthly Payment Calculator
Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$1,087
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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Total principal paid
$0
Total interest paid
$0
Rate Impact
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Current Rate
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+0.5% Rate
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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
2 Green St, Palmer MA 01069
Palmer, MA 01069
Listing Information
Listing Agent
Arthur Ferrara
Listing Office
Landmark, REALTORS®
Office Phone
413-596-4500
Agent MLS ID
M0000474
Office MLS ID
M39600
Listing Data Updated
Aug 25, 2026 3:05 AM 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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