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4014 School St Palmer, MA 01079

For Sale
$525,000

Updated five-unit property near amenities, offering income and growth potential.

Lot size:
0.44 Acres

Property Features for 4014 School St

General Information

Lot size
0.44 Acres

Building Details

Year built
1914

Source: William Neylon Real Est. Agent Lauren Mace

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Well-Kept Five-Unit Multifamily Property

This well-maintained five-unit property presents an opportunity for investment or owner-occupancy. The building is conveniently located near local amenities, the Massachusetts Turnpike, and major routes. Each unit is equipped with separate gas and electric meters, and connected to town water and sewer services. Two off-street parking spaces are allocated to each unit. Flooring materials include a mix of wood, carpet, tile, and vinyl. Unit A features 2 bedrooms and 1.5 bathrooms, along with a decorative fireplace. Units B through D each contain 2 bedrooms and 1 bathroom. Unit E includes 1 bedroom plus a flexible office or den space, a slider, and a built-in air conditioning unit. Shared amenities include a grassy backyard, a porch, and coin-operated laundry facilities in the basement. A one-bay garage offers storage potential, though the door requires replacement. All units have been updated under current ownership, and one unit is currently vacant, providing immediate leasing flexibility or an owner-occupancy option. The property offers stable income, growth potential, and long-term value.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Palmer
County
Hampden
State
Massachusetts
Longitude
-72.3228942
Latitude
42.1573366

FAQs

What type of property is this?
Apartment building - Updated five-unit property near amenities, offering income and growth potential.
Where is this apartment building located?
The property is located at 4014 School St Palmer, MA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: - Strong income and growth potential due to stable area rents and well-maintained systems.; - Updated units under current ownership, with one unit currently vacant for immediate leasing or owner-occupancy.; - Five units with separate gas and electric meters and town water and sewer.
More about this property
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