
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.
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.
No longer available to tour
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Park • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstFlooring - Wall to Wall Carpet, Window(s) - Bay/Bow/Box, Cable Hookup, Exterior Access
Dining Room
Lvl Main,FirstCeiling Fan(s), Flooring - Wood, Exterior Access, Slider
Kitchen
Lvl Main,FirstFlooring - Stone/Ceramic Tile, Chair Rail, Dryer Hookup - Electric, Washer Hookup, Beadboard
Primary Bedroom
Lvl Main,FirstCloset, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl FirstBedroom 3
Lvl FirstCloset, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl Main,FirstBathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl FirstBathroom - Full, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile
Listing Agent: Dana Ivers
Listing Office: Coldwell Banker Realty - Western MA
MLS® Number: 73584104
No longer available to tour








