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Excellent investment opportunity to own a fully occupied four-unit multifamily property in Palmer. This income-producing asset features a desirable unit mix of three 1-bedroom apartments and one 2-bedroom apartment, providing strong rental demand and diversification.The property currently generates $4,200 per month in gross rental income, offering immediate cash flow for investors looking to expand their portfolio or enter the multifamily market.Conveniently located with easy access to local amenities, shopping, restaurants, schools, and major routes, this property appeals to a broad tenant base. Whether you're a seasoned investor or looking for a turnkey multifamily investment, 1061-1063 Pleasant Street presents an excellent opportunity with stable rental income and long-term upside.

More Info

Basic Information

  • Gross Income $50,400
  • Mls StatusNew
  • Parcel Number M:58 B:201,3147524

Tax Information

  • Tax Assessed Value $312,000
  • Tax Year 2025
  • Taxes$5,663

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Driveway
  • Parking Spaces6

Rooms

  • Bathroom4
  • Bathrooms Total Decimal 4
  • Bedrooms5
  • Full Bath4

Basic Information

  • List Price$399,999
  • MLS Number73545109
  • Modification Date07/07/2026
  • Property SubType4 Family - 4 Units Up/Down

Location

  • Address1061-1063 Pleasant Street
  • Building Number1061-1063
  • CountyHampden
  • StateMA
  • StreetPleasant Street
  • TownPalmer
  • Zip01069

Building

  • BasementFull
  • Building Area Units Square Feet
  • FireplaceYes
  • Fireplaces Total 4
  • FoundationStone
  • Levels 4
  • Rooms16
  • Stories4
  • Units4
  • Year Built1875
  • Year Built Details Actual
  • Year Built Source Public Records

Property

  • Acreage0.14

Interior

  • Flooring Wood, Vinyl

Exterior

  • RoofShingle

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 3,236
  • Lot Size Square Feet 6,098
  • Lot Size Units Acres
  • Square Feet3,236

Amenities

  • AmenitiesMedical Facility, Highway Access, House of Worship, Public School
  • Other AmenitiesBasement, Fireplace

Legal

  • ZoningVC1

Other

  • Date Listed07/06/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Andrew Rodman of Lock and Key Realty Inc.

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