Updated Duplex with Two-Car
For Sale
$369,900
Pending
1009 Maple Street, Palmer, MA 01069
Two-unit property with flexible living space, accessible features, parking, storage, and recent improvements throughout.
Property Size2,400 SF
Days on Market65
Property Features for 1009 Maple Street
General Information
Standard status
Pending
Size
2,400 SF
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
finished basement rec room
walk-up attic
shed
yard
handicap-accessible bathroom
handicap ramp
deck
Building Details
Building Size
2,400 SF
Year Built
1876
Buildings
1
Listing Agency:
Coldwell Banker Realty - Western MA
(413) 567-8931
Listed By:
Linda Wortman · License #452503986
(413) 330-9458
Source:
Iverty
Added: Aug 14
Changed: Oct 16
Last Checked: Oct 16 at 8:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty - Western MA
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Investment Insights
Based on property information with market context.
This two-unit residential income property, built in 1876, combines substantial living areas with multiple functional improvements. The first-floor residence includes a living room, dining room, kitchen, bedroom, full bath, finished basement recreation room, and a newer primary suite with a handicap-accessible bathroom and roll-in shower. A composite ramp and deck connect the kitchen to the backyard and rear parking. The second-floor unit provides three bedrooms, a living room, kitchen, and family room.
Property improvements include newer windows, updated electrical panels, and a driveway completed in 2024. Additional amenities include a two-car garage, walk-up attic, shed, extensive storage, and a yard. The property is located minutes from schools, parks, downtown, and the Mass Pike. Walk Score is 37 and Bike Score is 26.
Property improvements include newer windows, updated electrical panels, and a driveway completed in 2024. Additional amenities include a two-car garage, walk-up attic, shed, extensive storage, and a yard. The property is located minutes from schools, parks, downtown, and the Mass Pike. Walk Score is 37 and Bike Score is 26.
Key Highlights
- Two‑unit property built in 1876
- First‑floor unit includes a finished basement recreation room and newer primary suite
- Primary suite bathroom has a roll‑in shower and handicap‑accessible design
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,434
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,680
$628.7K
Cap Rate 7%
$449,057
$449.1K
Cap Rate 9%
$349,267
$349.3K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$47.5K $19.80/SF
− Vacancy
−$2.6K −$1.09/SF
EGI
$44.9K $18.71/SF
− OpEx
−$13.5K −$5.61/SF
NOI
$31.4K $13.10/SF
Area
Hampden County, MA
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,680
Cap Rate 7%
$449,057
Cap Rate 9%
$349,267
Alternative Uses
Best Use
Multifamily LT 5
$449.1K
$392.9K – $523.9K
NOI $31,434 @ 7.0% cap · market cap 8.50%
Second Best
Apartment 5plus
$416.2K
$364.2K – $485.5K
NOI $29,132 @ 7.0% cap · market cap 7.88%
Theoretical Best
Office A
$1.48M
$1.29M – $1.73M
NOI $103,542 @ 7.0% cap · market cap 27.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
402
Businesses Nearby
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Business Placement
Demographics for 01069, MA
8,428
Population
4,192
Households
2
Avg Household Size
47
Median Age
25%
College-Educated
86%
High-School Grad
28.1 sq mi
ZIP Area
300
Density / Sq Mi
$79,725
Median Household Income
$50,341
Median Earnings
$929
Median Rent
$251,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with flexible living space, accessible features, parking, storage, and recent improvements throughout.
Where is this duplex located?
The property is located at 1009 Maple Street Palmer, MA.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Two‑unit property built in 1876; First‑floor unit includes a finished basement recreation room and newer primary suite; Primary suite bathroom has a roll‑in shower and handicap‑accessible design
