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2 Green St, Palmer MA 01069

Palmer, MA 01069
$929,000
Est. $5,984/month
16
Beds
8
Baths
5,472
Sq Ft
$170
Price/Sq Ft
0.26
Acres
1965
Year Built
8
Parking
4 hours 19 minutes
Time on Market
Active Listed Jul 8, 2026 • MLS# 73546953 Copied! • Updated Jul 8, 2026

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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Property History

Property Timeline

🏠
Listed for Sale
Jul 9, 2026
$929,000
Original listing
Agent: Arthur Ferrara Office: Landmark, REALTORS®

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
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%
Heating Baseboard
Cooling None
Flooring Vinyl
Appliances Washer, Dryer, Range, Microwave, Refrigerator
Fireplace None
Basement None
Laundry None
Features Living Room, Kitchen, Remodeled
Construction Frame
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features Paved Drive, Off Street
Total Spaces 8
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
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures Solar Domestic Hot Water Pre-heat System Is Owned And Will Be Transferred In As-is Condition.
Possession None
Accepted Financing None
Structure Type []
House Color yellow
Sq Ft Source Public Record
Documents None
County Hampden

Property Overview

Property Type
5-9 Family
Listing Type
For Sale
Year Built
1965
Bedrooms
16
Full Bathrooms
8
Living Area
5,472 sq ft
Total Rooms
32
Stories
5
Levels
5

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: 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 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 $1,087
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

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 Jul 8, 2026 9:41 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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