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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.

More Info

Basic Information

  • Gross Income $19,200
  • Lot Features Level
  • Mls StatusActive
  • Parcel Number 3146920

Tax Information

  • Tax Assessed Value $328,200
  • Tax Year 2025
  • Taxes$5,957

Parking

  • Covered Spaces 4
  • Garage YN Yes
  • Parking Features Off Street
  • Parking Spaces10

Rooms

  • Bathroom2
  • Bathrooms Total Decimal 2
  • Bedrooms5
  • Full Bath2

Basic Information

  • List Price$474,900
  • MLS Number73509485
  • Modification Date05/03/2026
  • Property SubType2 Family - 2 Units Up/Down

Location

  • Address1016 Chestnut Street
  • Building Number1016
  • CountyHampden
  • StateMA
  • StreetChestnut Street
  • TownPalmer
  • Zip01550

Building

  • Building Area Units Square Feet
  • FoundationConcrete Perimeter
  • Garage Spaces4
  • Levels 2
  • Patio And Porch Features Deck
  • Rooms9
  • Stories2
  • Units2
  • Year Built1904
  • Year Built Details Actual
  • Year Built Source Public Records

Property

  • Acreage0.42

Interior

  • Flooring Wood, Tile
  • Interior Features Living Room, Kitchen, Laundry Room

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 2,616
  • Lot Size Square Feet 18,295
  • Lot Size Units Acres
  • Square Feet2,616

Legal

  • Zoningtr

Other

  • Date Listed04/29/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Gwendolyn Levine of Executive Real Estate,Inc.

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