For sale

Price cut: $25K (6/8)

$449,900

1016 Chestnut St, Palmer, MA 01069

5beds

2,616sqft

$3,041/mo

Get pre-qualified

Single Family Residence

Built in 1904

0.42 Acres Lot

$446,200 Zestimate^®

$172/sqft

$-- HOA

What's special

Enclosed porchesUpdated kitchens and bathrooms

Fantastic opportunity for income producing or multi generational living! This single-family home is currently being utilized as a two-family, offering flexible living arrangements for today’s needs. Live in one unit while generating rental income from the other potentially offsetting your mortgage. The home has been remodeled and features 5 bedrooms (3bedrooms on one level and. 2 on the second) updated kitchens and bathrooms, enclosed porches, lots of wood floors throughout and much more! Also included is a large 40 ft Lx26 ft wide and 12 foot walls workshop-style garage, ideal for a tradesperson working from home or for additional rental income. A versatile property with strong income potential, buyer to perform due diligence regarding use.

124 days

142

11

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 2
Full bathrooms: 2

Primary bedroom

Features: Flooring - Wood
Level: First

Bedroom 2

Features: Flooring - Wood
Level: First

Bedroom 3

Features: Flooring - Wood
Level: First

Primary bathroom

Features: No

Dining room

Features: Flooring - Stone/Ceramic Tile
Level: First

Kitchen

Features: Flooring - Stone/Ceramic Tile, Cabinets - Upgraded, Remodeled
Level: First

Living room

Features: Flooring - Wood
Level: First

Heating

Forced Air, Oil

Cooling

None

Appliances

Laundry: First Floor

Features

Flooring: Wood, Tile
Has basement: No
Has fireplace: No

Interior area

Total structure area: 2,616
Total interior livable area: 2,616 sqft
Finished area above ground: 2,616

Property

Parking

Total spaces: 12
Parking features: Detached, Paved Drive, Off Street
Garage spaces: 4
Uncovered spaces: 8

Features

Patio & porch: Porch - Enclosed, Deck - Wood
Exterior features: Porch - Enclosed, Deck - Wood

Lot

Size: 0.42 Acres

Details

Parcel number: 3146920
Zoning: TR

Construction

Type & style

Home type: SingleFamily
Architectural style: Colonial
Property subtype: Single Family Residence

Materials

Foundation: Concrete Perimeter, Other

Condition

Year built: 1904

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Public Transportation, Medical Facility, Laundromat, Highway Access, Public School

HOA

Has HOA: No

Location

Region: Palmer

Financial & listing details

Price per square foot: $172/sqft
Tax assessed value: $328,200
Annual tax amount: $5,957
Date on market: 4/16/2026

Estimated market value

$446,200

$424,000 - $469,000

$2,850/mo

Price history

Date	Event	Price
6/8/2026	Price change	$449,900-5.3%$172/sqft
Source: MLS PIN #73509485 Report a problem
4/16/2026	Listed for sale	$474,900+472.2%$182/sqft
Source: MLS PIN #73502679 Report a problem
7/1/1998	Sold	$83,000$32/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,957 +22.3%	$328,200 +25.8%
2024	$4,871 +3.5%	$260,900 +7.7%
2023	$4,708 +0.7%	$242,200 +10.9%
2022	$4,674 +5%	$218,400 +11%
2021	$4,451 +34.8%	$196,700 +4.2%
2020	$3,301 -21%	$188,700
2019	$4,178 +3.2%	$188,700 +2.9%
2018	$4,049 +2.4%	$183,400
2017	$3,956 +8.1%	$183,400 +6.6%
2016	$3,661	$172,100