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1016 Chestnut St., Palmer MA 01069

Palmer, MA 01069
$474,900
$449,900
Est. $2,971/month
5
Beds
2
Baths
2,616
Sq Ft
$172
Price/Sq Ft
0.42
Acres
1904
Year Built
4
Garage Spaces
71
Days on Market
Active Price Drop -$25,000 Listed Apr 29, 2026 • MLS# 73509485 Copied! • Updated Jun 12, 2026

About this home

Fantastic opportunity for income producing or multi generational living! This single-family home is currently being utilized as a two-family, offering flexible living arrangements for today’s needs. Live in one unit while generating rental income from the other potentially offsetting your mortgage. The home has been remodeled and features 5 bedrooms (3bedrooms on one level and. 2 on the second) updated kitchens and bathrooms, enclosed porches, lots of wood floors throughout and much more! Also included is a large 40 ft Lx26 ft wide and 12 foot walls workshop-style garage, ideal for a tradesperson working from home or for additional rental income. A versatile property with strong income potential, buyer to perform due diligence regarding use.

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Recently Sold Nearby

Property History

Market Insights

1
Price Changes
5.3%
Price Range

Property Timeline

Price Reduced
Jun 8, 2026
$449,900 $25,000 (-5.26%)
From $474,900 to $449,900 (-5.3%)
🏠
Listed for Sale
Apr 29, 2026
$474,900
Original listing
Agent: Gwendolyn Levine Office: Executive Real Estate, Inc.

Tax History

Year Taxes Assessment
2025 $5,957 $328,200

Financial Details

Annual Property Tax
$5,957
Tax Year 2025
Assessed Value
$328,200

Facts & Features

4 Car Garage

Home Facts

Type Residential Income
Style 2 Family - 2 Units Up/Down
Year Built 1904
Living Area 2,616 sq ft
Lot Size 0.42 acres
Bedrooms 5
Full Baths 2
Total Rooms 9

Investment Metrics

Units 2
Unit 1 Rent — · N
Unit 2 Rent $1,600/mo · N
Total Monthly Rent $1,600/mo
Gross Income $19,200
Net Operating Income $19,200
Cap Rate 4.27%
Heating None
Cooling None
Flooring Wood, Tile
Appliances None
Fireplace None
Basement None
Laundry None
Features Living Room, Kitchen, Laundry Room
Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch Deck
Garage Spaces 4
Has Garage Yes
Features Off Street
Total Spaces 10
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $5,957
Assessed Value $328,200
Fee Includes None
Amenities None
Optional Fee Includes None
Down Payment Resource Eligible
Seller Disclosures Property Is Zoned Sf But Used As Mf. Neither Seller Or Listing Agent/broker Make Any Representations As To The Accuracy Of Any Information Contained Herein. Buyer/buyer Agent Must Conduct Their Own Due Diligence, Verification And Research And Are Relying Solely On The Results Thereof
Possession None
Accepted Financing None
Structure Type []
House Color WHITE
Sq Ft Source Public Record
Documents None
County Hampden
Total market time (incl. prior listings) 57 days

Property Overview

Property Type
2 Family - 2 Units Up/Down
Listing Type
For Sale
Year Built
1904
Bedrooms
5
Full Bathrooms
2
Living Area
2,616 sq ft
Total Rooms
9
Stories
2
Levels
2

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, Tile
Appliances:
Interior Features: Living Room, Kitchen, Laundry Room
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1904
Structure Type:
Exterior Materials:
Roof:
Foundation: Concrete Perimeter
Stories: 2

Heating, Cooling & Utilities

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

Exterior & Lot

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

Parking & Garage

Garage Spaces: 4
Total Parking Spaces: 10
Parking Features: 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 $496
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

1016 Chestnut St., Palmer MA 01069

Palmer, MA 01069

Listing Information

Listing Agent Gwendolyn Levine
Listing Office Executive Real Estate, Inc.
Office Phone 413-596-2212
Agent MLS ID M9502241
Office MLS ID AC1693
Listing Data Updated Jun 12, 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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