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7 Thompson Street Palmer — Photo 1 of 42

7 Thompson Street Palmer — Photo 1 of 42

$349,900

Investment Analysis — 7 Thompson Street

Palmer, MA 01069

Based on HUD Small Area Fair Market Rent for Amherst Town-Northampton, MA MSA, a 3-bedroom in 01069 carries an estimated $1,850/mo in gross rent — about a 3.22% cap rate and $11,278/yr in estimated NOI at the $349,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2

SqFt

1,344

Style

Single Family

Built

1997

OPEN HOUSE CANCELLED! Room to live, room to grow, and a location close to Lake Thompson! This inviting 3-bedroom, 2-bath ranch offers comfortable one-level living with an open, functional layout and exciting potential to create even more space. The living room flows naturally into the dining room, where sliders lead to the deck—perfect for entertaining, outdoor dining, or simply enjoying the fresh air. Three comfortable bedrooms, two full baths, and convenient first-floor laundry make everyday living easy. And there's even more potential below! The spacious basement offers an excellent opportunity to expand the home's usable living space and create the rooms you've been dreaming of. Imagine a finished lower level with a family or recreation room, home office, gym, playroom, hobby space, or guest area. With plenty of room to work with, the basement provides the opportunity to customize and add valuable functionality over time. Outside, enjoy a welcoming front porch, large yard, and deck with plenty of space for relaxing, gardening, entertaining, and enjoying the outdoors. Conveniently located close to Lake Thompson, this home combines the ease of ranch-style living with the flexibility to grow into the space you need. Whether you're looking for comfortable one-level living, room to expand, or a place to create your own vision, this ranch is ready to welcome you home!

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 672 sq ft (the lesser of 900 sq ft or half the 1,344 sq ft principal dwelling). Lot size: 25,059 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

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.

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Property Details

Financials

Original Price$349,900
Annual Taxes$5,594

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms6
FireplacesNone
FlooringWood, Tile, Carpet
BasementFull, Interior Entry, Bulkhead

Climate & Utilities

HeatingBaseboard, Oil
CoolingWindow Unit(s)
WaterPrivate
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningSR

Property & Lot

Acres0.58
SqFt Lot25,059
Lot FeaturesCleared, Level

Amenities & Appliances

Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Park • Highway Access

Geography

Floorplan Breakdown

Structural Layout

First
Bedroom 2Bedroom 3Bathroom 2
Main,First
Living RoomDining RoomKitchenPrimary BedroomBathroom 1
Living Room
Lvl Main,First

Flooring - Wall to Wall Carpet, Window(s) - Bay/Bow/Box, Cable Hookup, Exterior Access

Dining Room
Lvl Main,First

Ceiling Fan(s), Flooring - Wood, Exterior Access, Slider

Kitchen
Lvl Main,First

Flooring - Stone/Ceramic Tile, Chair Rail, Dryer Hookup - Electric, Washer Hookup, Beadboard

Primary Bedroom
Lvl Main,First

Closet, Flooring - Wall to Wall Carpet

Bedroom 2
Lvl First
Bedroom 3
Lvl First

Closet, Flooring - Wall to Wall Carpet

Bathroom 1
Lvl Main,First

Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl First

Bathroom - Full, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Dana Ivers

Listing Office: Coldwell Banker Realty - Western MA

MLS® Number: 73584104