2151 Main St. Palmer — Photo 1 of 42
$450,000
Investment Analysis — 2151 Main St.
Palmer, MA 01080 — Three Rivers
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 4-bedroom in 01080 carries an estimated $2,260/mo in gross rent — about a 3.38% cap rate and $15,189/yr in estimated NOI at the $450,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
1.5
SqFt
3,236
Style
Single Family
Built
1923
Seeking a unique distinctive opportunity? This 9+ room, 4-bedroom colonial features 2 fireplaces and an attached commercial building/large space, formerly operated as a family florist. Grand foyer opens up to the very spacious dining room and living room with fireplace and leads to sitting room and kitchen. Very stunning and warm familyroom/library with another fireplace to cozy up to. This property requires renovation but boasts a solid, stately structure. Roll up your sleeves and get to it! Huge return on investment possibility! Amenities include a 3-car garage and approximately 3,236+ sq ft of living space,(see disclosures) situated on a little over half an acre. Zoned NB (Neighborhood Business) zoned for small retail and business uses, with potential for other uses subject to SP/SPA approval per town website/zoning. (Buyer to verify those uses with town). So much potential!!! Don't miss out on this opportunity!
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 3,236 sq ft principal dwelling). Lot size: 23,958 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood
Dining Room
Lvl FirstFlooring - Hardwood
Kitchen
Lvl FirstFlooring - Laminate, Exterior Access
Family Room
Lvl FirstFlooring - Hardwood
Master Bedroom
Lvl SecondCloset, Flooring - Hardwood
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondBedroom 4
Lvl SecondBathroom 1
Lvl FirstBathroom - Half
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub & Shower
Property History
$450,000
Was $350,000
Sep 10, 2026
MLS® 73438135
$350,000
Jan 1, 2026
MLS® 73442664
$350,000
Was $389,900
Oct 22, 2025
MLS® 73438135
$350,000
Oct 12, 2025
MLS® 73442664
$389,900
Oct 1, 2025
MLS® 73438135
Listing Agent: Dawn Currier
Listing Office: Coldwell Banker Realty - Western MA
MLS® Number: 73438135
