If you or your clients have been searching for a meticulously maintained, turn-key four-unit property, 1039-1041 Central Street is the ideal find for both first-time investors looking to move right into the vacant unit and let the remaining tenants cover the mortgage, and seasoned investors seeking a high-performing asset that is already beating the 1% rule. Featuring three currently occupied units and one intentionally left vacant for immediate move-in readiness, every unit has been recently updated and offers split utilities with electric heat, complemented by a newer roof, updated mechanicals, a hardwired security system, convenient on-site laundry in the basement, and ample off-street parking just minutes from the Mass Pike. As an added bonus for those looking to scale quickly, this property can also be purchased as a portfolio package with an upcoming six-unit building in nearby Monson, MA, making it a rare, high-yield opportunity you won't want to miss.
For sale
$555,000
1039-1041 Central St, Palmer, MA 01069
4beds
2,328sqft
4 Family - 4 Units Up/Down
Built in 1870
-- sqft lot
$-- Zestimate®
$238/sqft
$-- HOA
What's special
Hardwired security systemNewer roofAmple off-street parking
- 22 days
- 215
- 10
Zillow last checked:
Listing updated:
Listed by:
The Merrill Group 413-478-8354,
Naples Realty Group 413-650-1314
Source: MLS PIN,MLS#: 73583322
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Features
- Flooring: Vinyl
- Basement: Full,Dirt Floor
- Has fireplace: No
Interior area
- Total structure area: 2,328
- Total interior livable area: 2,328 sqft
- Finished area above ground: 2,328
Property
Parking
- Total spaces: 8
- Parking features: Paved Drive, Off Street
- Uncovered spaces: 8
Lot
- Size: 0.31 Acres
- Features: Level
Details
- Parcel number: M:0058 B:0181 L:0000,3147503
- Zoning: TR
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 4 Family - 4 Units Up/Down
Materials
- Frame, Post & Beam
- Foundation: Stone, Brick/Mortar
- Roof: Shingle
Condition
- Year built: 1870
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Palmer
Financial & listing details
- Price per square foot: $238/sqft
- Tax assessed value: $262,600
- Annual tax amount: $4,908
- Date on market: 9/28/2026
- Total actual rent: 5550
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/28/2026 | Listed for sale | $555,000$238/sqft |
Source: MLS PIN #73583322 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment






