54 Commercial St, Palmer MA 01069
Palmer, MA 01069 • Thorndike
$299,900
$169,900
Est. $1,140/month
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About this home
Positioned in a high-demand corridor of Massachusetts/New Hampshire, this property offers a rare combination of stability, growth, potential, and modern functionality with flexible layouts and strong tenant appeal. It is ideally suited for many possible outcomes and incomes. Lot 77 is a versatile 0.385-acre, 2268-square-foot building and development site located in Palmer’s VC4 Village Zoning District, offering a rare combination of size, visibility, and zoning flexibility. The property supports a wide range of uses, including retail, office, mixed-use, residential, multi-family, cold storage, and live-work configurations, making it an attractive opportunity for developers, investors, and owner operators.This property has already undergone wetland delineation, and the wetland sketch is available. The town allows a 4-unit multifamily redevelopment without a special permit, and with the additional parking area, the site could accommodate even more units with a special permit.
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Recently Sold Nearby
Property History
Market Insights
5
Price Changes
91.4%
Price Range
Property Timeline
Price Reduced
Jul 16, 2026
$169,900
$1,800,000
(-91.38%)
From $1,969,900 to $169,900 (-91.4%)
Price Increased
Jul 16, 2026
$1,969,900
+$1,775,000
(+910.72%)
From $194,900 to $1,969,900 (+910.7%)
Price Reduced
Jun 30, 2026
$194,900
$4,100
(-2.06%)
From $199,000 to $194,900 (-2.1%)
Price Reduced
May 29, 2026
$199,000
$51,000
(-20.4%)
From $250,000 to $199,000 (-20.4%)
Price Reduced
Feb 27, 2026
$250,000
$49,900
(-16.64%)
From $299,900 to $250,000 (-16.6%)
Listed for Sale
Jan 4, 2026
$299,900
Original listing
Agent: Justine Snyder
Office: Fine Properties, Inc.
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/16/2026 | ↓ Price Reduced | $169,900 | $1,800,000 | - | From $1,969,900 to $169,900 (-91.4%) |
| 07/16/2026 | ↑ Price Increased | $1,969,900 | +$1,775,000 | - | From $194,900 to $1,969,900 (+910.7%) |
| 06/30/2026 | ↓ Price Reduced | $194,900 | $4,100 | - | From $199,000 to $194,900 (-2.1%) |
| 05/29/2026 | ↓ Price Reduced | $199,000 | $51,000 | - | From $250,000 to $199,000 (-20.4%) |
| 02/27/2026 | ↓ Price Reduced | $250,000 | $49,900 | - | From $299,900 to $250,000 (-16.6%) |
| 01/04/2026 | 🏠 Listed for Sale | $299,900 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $965 | $52,800 |
Financial Details
Annual Property Tax
$965
Tax Year 2025
Assessed Value
$52,800
Facts & Features
1 Car Garage
Home Facts
Type
Residential Income
Style
3 Family - 3 Units Up/Down
Year Built
1944
Living Area
2,566 sq ft
Lot Size
0.38 acres
Bedrooms
5
Full Baths
3
Half Baths
2
Total Rooms
16
Investment Metrics
Units
3
Unit 1 Rent
— · N
Unit 2 Rent
— · N
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
Walk-out Access
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Garage Spaces
1
Has Garage
Yes
Features
None
Total Spaces
11
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$965
Assessed Value
$52,800
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Seller Disclosures
Roof Recently Patched, Yet May Need Further Work
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Other
Sq Ft Disclosures
Currently gutted- rooms based on layout
Documents
None
County
Hampden
Total market time (incl. prior listings)
197 days
Property Overview
Property Type
3 Family - 3 Units Up/Down
Listing Type
For Sale
Year Built
1944
Bedrooms
5
Full Bathrooms
3
Half Bathrooms
2
Living Area
2,566 sq ft
Total Rooms
16
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
1,283 sq ft above grade
1,283 sq ft below 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:
Appliances:
Interior Features:
Windows:
Basement:
Walk-Out Access
Laundry:
Security:
Construction & Materials
Year Built:
1944
Structure Type:
Exterior Materials:
Roof:
Foundation:
Block
Stories:
3
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 Frontage:
400.00 ft
Road Surface:
Parking & Garage
Garage Spaces:
1
Total Parking Spaces:
11
Parking Features:
Special Features
View:
Yes
View Type:
Scenic View(s)
Community Amenities:
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
0.5 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
0.4 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
0.8 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
Learn about these ratings
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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
$80
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
Thorndike
54 Commercial St, Palmer MA 01069
Palmer, MA 01069
Listing Information
Listing Agent
Justine Snyder
Listing Office
Fine Properties, Inc.
Office Phone
508-614-8258
Agent MLS ID
CN201760
Office MLS ID
AN7118
Listing Data Updated
Jul 20, 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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