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INVESTMENT SNAPSHOT
About this property
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.
Property details
| Units | 2 |
| Living area | 2,616 sqft |
| Lot size | 18,295 sqft |
| Year built | 1904 |
| Price / sqft | $182 |
| County | Hampden |
| MLS # | 73509485 |
Listing status
| Days on market | 17 days |
| Listed on | April 16, 2026 |
Taxes & financials
| Annual property tax | $5,957 |
| Tax year | 2025 |
| Assessed value | $328,200 |
| Zoning | tr |
| Gross income (actual) | $19,200/yr |
| Net operating income (actual) | $19,200/yr |
| Total actual rent | $1,600/mo |
Building & lot
| Stories | 2 |
| Total rooms | 9 |
| Lot size | 0.42 acres |
| Garage spaces | 4 |
| Parking spaces | 10 |
| Parking | Off Street |
| Foundation | Concrete Perimeter |
| Flooring | Wood, Tile |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Palmer →
Listing courtesy of Executive Real Estate, Inc. — Gwendolyn Levine. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 1016 Chestnut St., Palmer MA 01550 have?
It is a 2-unit multi-family property with 2,616 sqft of living area, built in 1904.
How long has 1016 Chestnut St., Palmer MA 01550 been on the market?
1016 Chestnut St., Palmer MA 01550 has been listed for 17 days (since April 16, 2026).
What is the price per unit?
At a list price of $474,900 across 2 units, that works out to roughly $237,450 per unit.
What are the property taxes on 1016 Chestnut St., Palmer MA 01550?
Annual property taxes are $5,957 (2025), on an assessed value of $328,200.
What is the price per square foot?
At $474,900 for 2,616 sqft, that's about $182 per square foot.
Is there parking?
4 garage spaces and 10 total parking spaces (off street).
Where is this property located?
1016 Chestnut St., Palmer MA 01550 is in Palmer, Hampden County, MA 01550.
