
1016 Chestnut St. Palmer — Photo 1 of 18
Recent Drop: $25,000
$449,900
Palmer, MA 01069
Beds
5
Baths
2
SqFt
2,616
Style
2 Family - 2 Units Up/Down
Built
1904
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.
* Analysis is based on 22 actively listed and recently sold comparable properties strictly within Palmer, MA.
Was $474,900
Jun 8, 2026
MLS® 73509485
Apr 16, 2026
MLS® 73509485
8,821
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
$80K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
25.7%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
359 housing units permitted in the last 12 months (+20% vs the prior 12 months) — 74 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jun '26)
Listing Agent: Gwendolyn Levine
Listing Office: Executive Real Estate, Inc.
MLS® Number: 73509485
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