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If you or your clients have been searching for a meticulously maintained, turn-key four-unit property, 1039-1041 Central Street is the ideal find for both first-time investors looking to move right into the vacant unit and let the remaining tenants cover the mortgage, and seasoned investors seeking a high-performing asset that is already beating the 1% rule. Featuring three currently occupied units and one intentionally left vacant for immediate move-in readiness, every unit has been recently updated and offers split utilities with electric heat, complemented by a newer roof, updated mechanicals, a hardwired security system, convenient on-site laundry in the basement, and ample off-street parking just minutes from the Mass Pike. As an added bonus for those looking to scale quickly, this property can also be purchased as a portfolio package with an upcoming six-unit building in nearby Monson, MA, making it a rare, high-yield opportunity you won't want to miss.

More Info

Basic Information

  • Gross Income $66,600
  • Lot Features Level
  • Mls StatusNew
  • Parcel Number M:0058 B:0181 L:0000,3147503

Tax Information

  • Tax Assessed Value $262,600
  • Tax Year 2026
  • Taxes$4,908

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street
  • Parking Spaces8

Rooms

  • Bathroom4
  • Bathrooms Total Decimal 4
  • Bedrooms4
  • Full Bath4

Basic Information

  • List Price$555,000
  • MLS Number73583322
  • Modification Date09/29/2026
  • Property SubType4 Family - 4 Units Up/Down

Location

  • Address1039-1041 Central Street
  • Building Number1039-1041
  • CountyHampden
  • StateMA
  • StreetCentral Street
  • TownPalmer
  • Zip01069

Building

  • BasementFull, Dirt Floor
  • Building Area Units Square Feet
  • Construction Materials Frame, Post & Beam
  • FoundationStone, Brick/Mortar
  • Levels 4
  • Rooms16
  • Stories4
  • Units4
  • Year Built1870
  • Year Built Details Actual
  • Year Built Source Public Records

Property

  • Acreage0.31

Interior

  • Flooring Vinyl

Exterior

  • RoofShingle

Utilities

  • Electric 100 Amp Service
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 2,328
  • Lot Size Square Feet 13,697
  • Lot Size Units Acres
  • Square Feet2,328

Amenities

  • Other AmenitiesBasement

Legal

  • ZoningTR

Other

  • Date Listed09/28/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by The Merrill Group of Naples Realty Group

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