12-Unit Garden-Style Apartment
1282-1290 South Main Street, Palmer, MA 01069
For Sale
Contact for pricing
Three two-story buildings contain larger-format rentals with a mix of two-, three-, and four-bedroom layouts.
Property Size16,631 SF
Lot Size1.01 Acres
Price / SF$114.24
Days on Market14
Property Features for 1282-1290 South Main Street
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Financials
Asking Price
Cap Rate
Site & Location
Highway Access
Road Access
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Buildings
Stories
Construction
Listing Agency:
M&A Real Estate
Listed By:
Peter Mlaguzi · License #Florida/BK3295292
(617) 233-1476
Source:
Crexi
Added: Oct 27
Changed: Nov 8
Last Checked: Nov 8 at 3:31PM
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 M&A Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 12-unit garden-style apartment property in Palmer spans 1.01 acres and comprises three two-story, wood-frame buildings with 16,631 square feet of gross building area. The unit mix includes eight four-bedroom apartments, two three-bedroom apartments, and two two-bedroom apartments, totaling 42 bedrooms. All units are occupied, and tenants pay utilities, including heat and hot water.
The property is near the junction of Routes 20, 32, and 181, less than two miles from I-90 Exit 63. Springfield is approximately 12 miles west, while Worcester is about 30 miles east. The stated underwriting reflects a 10.4% capitalization rate.
The property is near the junction of Routes 20, 32, and 181, less than two miles from I-90 Exit 63. Springfield is approximately 12 miles west, while Worcester is about 30 miles east. The stated underwriting reflects a 10.4% capitalization rate.
Key Highlights
- 12 apartments with 42 bedrooms: eight four‑bedroom, two three‑bedroom, and two two‑bedroom units
- Three two‑story wood‑frame buildings with 16,631 square feet of gross building area
- Property occupies 1.01 acres in Palmer, Massachusetts
Property Analytics
Lease Details
12
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
401
Businesses Nearby
Explore this area
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
$251,300
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Hampden County, MA
Properties on Market for Apartment buildings in Hampden County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Three two-story buildings contain larger-format rentals with a mix of two-, three-, and four-bedroom layouts.
Where is this apartment building located?
The property is located at 1282-1290 South Main Street Palmer, MA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 12 apartments with 42 bedrooms: eight four‑bedroom, two three‑bedroom, and two two‑bedroom units; Three two‑story wood‑frame buildings with 16,631 square feet of gross building area; Property occupies 1.01 acres in Palmer, Massachusetts
