Active

99 Days on market

1644-1646 N Main St Palmer — Photo 1 of 41

$369,000

Investment Analysis — 1644-1646 N Main St

Palmer, MA 01069

Based on rent reported on the MLS listing plus HUD Small Area Fair Market Rent for 1 vacant unit, a 2-unit multi-family in 01069 carries an estimated $3,150/mo in gross rent — about a 6.74% cap rate and $24,855/yr in estimated NOI at the $369,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

2,054

Style

Multi Family

Built

1900

Back on Market!! Well-maintained two-family home conveniently located just two minutes from Baystate Wing Hospital and the Mass Pike, providing easy access for commuters and everyday amenities. The vacant second-floor unit offers 3 bedrooms, making it an excellent opportunity for an owner-occupant or investor seeking market-rate rental income. The occupied first-floor unit features 2 bedrooms. Both apartments include spacious enclosed porches, separate laundry hookups in the basement, and ample storage. Recent improvements include new vinyl siding, vinyl replacement windows throughout, LVP flooring and granite countertops in the vacant unit, a new roof (2024), and both electrical panels replaced in 2024. Each unit is served by its own forced-air furnace, both replaced within the last five years. Off-street parking adds to the property's convenience and appeal.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.