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554 East 4th St
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Gundersheim Group Real Estate

© 2026 Melanie Gundersheim. All rights reserved.
Equal Housing Opportunity. Information deemed reliable but not guaranteed.

  1. Home
  2. Listings
  3. 2 Green St, Palmer, MA 01069
Active Under Contract
43 Days on market
2 Green St Palmer — Photo 1 of 11

2 Green St Palmer — Photo 1 of 11

$929,000

2 Green St, Palmer, MA 01069

Palmer, MA 01069

Beds

16

Baths

8

SqFt

5,472

Style

5-9 Family

Built

1965

Attention Investors: Turnkey, high-cash-flow 8-unit building featuring a solid rental history and excellent tenant appeal. Every unit offers an identical, spacious 2BR layout, with 6 of the 8 units renovated within the last 10 years for minimal immediate CapEx. Features include ample off-street parking, dedicated tenant storage, and an on-site coin-op laundry facility providing immediate bonus income. Landlord covers heat, hot water, and trash, while tenants pay separate electric and cable. Strategically located for easy commuting near the MA Pike (I-90) and the Palmer business district. Well-maintained with clear value-add potential in the remaining units. All tenants are currently on a month-to-month basis, offering immediate rental upside. Total current gross income is $10,200/month. (For MLS unit detail: Units 6, 7, and 8 each have 4 rooms, 2 bedrooms, 1 bath, stove and refrigerator remain, rent is $1,300/month each.) Add this high-performer to your portfolio today!

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$170/sqft
Local Avg (Palmer)$146/sqft
16% AboveMarket Average

* Analysis is based on 11 actively listed and recently sold comparable properties strictly within Palmer, MA.

Property Details

Financials

Original Price$929,000
Annual Taxes$13,041

Parking

Garage0
Off-Street8

Interior Specifications

Total Rooms32
FireplacesNone
FlooringVinyl
BasementNone

Climate & Utilities

HeatingBaseboard
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningTR

Property & Lot

Acres0.26
SqFt Lot11,326
Lot Features--

Amenities & Appliances

Washer • Dryer • Range • Microwave • Refrigerator

Neighborhood

Shopping • Medical Facility • Highway Access • Public School

Geography

Property History

Listed
$929,000

Jul 8, 2026

MLS® 73546953

Listed
$929,000

Jul 8, 2026

MLS® 73546954

Population

8,821

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$80K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

25.7%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Hampden County

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)

Full Palmer, MA market report ZIP 01069 market data
Listing Provided By

Listing Agent: Arthur Ferrara

Listing Office: Landmark, REALTORS®

MLS® Number: 73546953

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