4014 School St, Palmer MA 01079

Palmer, MA 01079 • Thorndike
$525,000
Est. $3,437/month
9
Beds
5.5
Baths
3,058
Sq Ft
$172
Price/Sq Ft
0.44
Acres
1914
Year Built
25
Days on Market
Pending Price Drop -$54,000 Listed Oct 21, 2025 • MLS# 73445192 Copied!

About this home

Excellent investment or owner-occupant opportunity! This well-kept 5-unit property is ideally situated near local amenities, the MA Pike, and major routes. Each unit offers a mix of wood, carpet, tile, and vinyl flooring, separate gas and electric meters, town water and sewer, and two off-street parking spaces. Unit A features 2 bedrooms, 1.5 baths, and a decorative fireplace. Units B–D each include 2 bedrooms and 1 bath, while Unit E offers 1+ bedroom, 1 bath, a flexible office/den space, a slider, and a built-in AC unit. Shared amenities include a grassy backyard, welcoming porch, and coin-op laundry in the basement. A 1-bay garage provides storage potential (door needs replacement). All units have been updated under current ownership, and one unit is currently vacant—offering immediate leasing flexibility or an owner-occupancy option. With strong area rents and well-maintained systems, this property delivers stable income, growth potential, and long-term value for any savvy investor

Property Overview

Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
1914
Bedrooms
9
Full Bathrooms
5
Half Bathrooms
1
Living Area
3,058 sq ft
Total Rooms
20
Stories
5
Levels
5

Facts & Features

1 Car Garage

Home Facts

Type Residential Income
Style 5+ Family - 5+ Units Up/Down
Year Built 1914
Living Area 3,058 sq ft
Lot Size 0.44 acres
Bedrooms 9
Full Baths 5
Half Baths 1
Total Rooms 20

Interior

Heating Natural Gas
Cooling None
Flooring Wood, Vinyl, Carpet, Laminate, Tile
Appliances Washer, Dryer, Range, Refrigerator
Fireplace None
Fireplaces 1
Basement Walk-out Access, Garage Access, Sump Pump, Unfinished
Laundry None
Features Laundry Room, Bathroom With Tub, Internet Available - Unknown, Living Room, Kitchen

Exterior

Construction Frame
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch Porch, Deck - Wood

Parking

Garage Spaces 1
Has Garage Yes
Features Paved Drive, Off Street, Assigned, Paved
Total Spaces 11

Utilities

Electric Individually Metered
Water Public, Individual Meter
Sewer Public Sewer
Gas None
Other For Electric Range

Financial

Annual Tax $6,983
Assessed Value $368,100

Interior Features

Flooring: Wood, Vinyl, Carpet, Laminate, Tile
Appliances: Washer, Dryer, Range, Refrigerator
Interior Features: Laundry Room, Bathroom With Tub, Internet Available - Unknown, Living Room, Kitchen
Windows:
Basement: Walk-Out Access, Garage Access, Sump Pump, Unfinished
Laundry:
Security:

Construction & Materials

Year Built: 1914
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Other
Stories: 5

Heating, Cooling & Utilities

Heating: Natural Gas
Cooling: None
Hot Water: Electric, Propane Gas, Tank, Tankless
Water Source: Public, Individual Meter
Sewer: Public Sewer
Energy Features: Varies per Unit

Exterior & Lot

Exterior Features:
Patio & Porch: Porch, Deck - Wood
Fencing:
Other Structures:
Lot Features: Gentle Sloping, Level
Road Surface:

Parking & Garage

Garage Spaces: 1
Total Parking Spaces: 11
Parking Features: Paved Drive, Off Street, Assigned, Paved

Special Features

Fireplaces: 1
Fireplace Type:
Community Amenities: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, Public School

Location

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Neighborhood

Thorndike

4014 School St, Palmer MA 01079

Palmer, MA 01079

Walkability

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Schools

Elementary School
Old Mill Pond
Rating information coming soon
Middle School
Palmer High
Rating information coming soon
High School
Palmer High/Pathfinder
Rating information coming soon

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 $582
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
Oct 21, 2025
$525,000
Original listing
Agent: Lauren Mace Office: William Neylon Real Est.

Price & Status History

Date Event Price Change
Oct 21, 2025 New Listing Added $525,000

Market Statistics

Days on Market
25 days
Price per Sq Ft
$172
Total Price Drop
-$54,000

Tax History

Year Taxes Assessment
2024 $6,983 $368,100

Financial Details

Annual Property Tax
$6,983
Tax Year 2024
Assessed Value
$368,100

Listing Information

Listing Agent Lauren Mace
Listing Office William Neylon Real Est.
Agent MLS ID CN253009
Office MLS ID K01227
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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Market Analytics for Palmer, MA

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