Excellent investment opportunity to own a fully occupied four-unit multifamily property in Palmer. This income-producing asset features a desirable unit mix of three 1-bedroom apartments and one 2-bedroom apartment, providing strong rental demand and diversification.The property currently generates $4,200 per month in gross rental income, offering immediate cash flow for investors looking to expand their portfolio or enter the multifamily market.Conveniently located with easy access to local amenities, shopping, restaurants, schools, and major routes, this property appeals to a broad tenant base. Whether you're a seasoned investor or looking for a turnkey multifamily investment, 1061-1063 Pleasant Street presents an excellent opportunity with stable rental income and long-term upside.
| MLS # | 73545109 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1875 |
| Days On Site | 83 |
| Listing Provided By | Lock and Key Realty Inc. | Andrew Rodman |
| Bed(s) | 5 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 3,236 |
| Basement | Y |
| Story(s) | 4 |
| Units | 4 |
| Zoning | VC1 |
| Acreage | 0.14 |
| Rooms Total | 16 |
|---|---|
| Fireplaces Total | 4 |
| Fireplace Yes / No | Yes |
| Flooring | Wood, Vinyl |
| Roof | Shingle |
|---|---|
| Foundation Details | Stone |
| Garage Yes / No | No |
|---|---|
| Parking Features | Paved Drive, Driveway |
| Open Parking Yes / No | Yes |
| Sewer | Public Sewer |
|---|
| Tax Annual Amount | 5663 |
|---|---|
| Tax Assessed Value | 312000 |
| Tax Year | 2025 |
| Community Features | Medical Facility, Highway Access, House of Worship, Public School |
|---|---|
| Senior Community Yes / No | No |
| State | MA |
|---|---|
| County | Hampden |
| City | Palmer |
| Zip Code | 01069 |
| Area | Hampden |
| Listing VS Median (in 01069) | |
Price: $399,999 low | high Med: $364,450 sqft: 3,236 low | high Med: 1,681 $ / sqft: $124 low | high Med: $227 On site: 83 low | high Med: 47 | |
| State | MA |
|---|---|
| County | Hampden |
| City | Palmer |
| Zip Code | 01069 |
| Area | Hampden |
| Listing VS Median (in 01069) | |
Price: $399,999 low | high Med: $364,450 sqft: 3,236 low | high Med: 1,681 $ / sqft: $124 low | high Med: $227 On site: 83 low | high Med: 47 | |