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$474,900

Active

1016 Chestnut St.

Palmer, MA, 01550

Multi-Family · MLS #73509485

Price/sqft

$182

Days on market

New today

Year built

1904

Lot size

0.42 ac

2,616 sq ft

Sq Ft

0.42 acres

Lot

1904

Year Built

4 car

Garage

Taxes: $5,957 (2025)

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.

Property details

Road type
Public

Listed by Gwendolyn Levine · Executive Real Estate, Inc.

Schedule a showing

1016 Chestnut St.

By submitting you agree to be contacted by Antonio Illas.

Estimated payment

$3,096 / month

Down payment20% · $94,980
Interest rate6.50%

Loan term

Principal & interest
$2,401
Property tax
$496
Home insurance
$198

Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses listed taxes.

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