54 Commercial St Palmer — Photo 1 of 34
Recent Drop: $130,000
$169,900
Investment Analysis — 54 Commercial St
Palmer, MA 01069 — Thorndike
Based on HUD Small Area Fair Market Rent for Amherst Town-Northampton, MA MSA, a 3-unit multi-family in 01069 carries an estimated $3,910/mo in gross rent — about a 20.42% cap rate and $34,694/yr in estimated NOI at the $169,900 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
4
SqFt
2,566
Style
3 Family - 3 Units Up/Down
Built
1944
Positioned in a high-demand corridor of Massachusetts/New Hampshire, this property offers a rare combination of stability, growth, potential, and modern functionality with flexible layouts and strong tenant appeal. It is ideally suited for many possible outcomes and incomes. Lot 77 is a versatile 0.385-acre, 2268-square-foot building and development site located in Palmer’s VC4 Village Zoning District, offering a rare combination of size, visibility, and zoning flexibility. The property supports a wide range of uses, including retail, office, mixed-use, residential, multi-family, cold storage, and live-work configurations, making it an attractive opportunity for developers, investors, and owner operators.This property has already undergone wetland delineation, and the wetland sketch is available. The town allows a 4-unit multifamily redevelopment without a special permit, and with the additional parking area, the site could accommodate even more units with a special permit.
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 MLS and other third-party data may be inaccurate or out of date.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
Geography
Property History
$169,900
Was $194,900
Jul 16, 2026
MLS® 73465001
$194,900
Was $199,000
Jun 30, 2026
MLS® 73465001
$199,000
Was $250,000
May 29, 2026
MLS® 73465001
$250,000
Was $299,900
Feb 27, 2026
MLS® 73465001
$299,900
Jan 4, 2026
MLS® 73465001
$69,900
May 24, 2011
MLS® 71165609
$69,900
Nov 24, 2010
MLS® 71165609
$69,900
Aug 10, 2010
MLS® 71057413
$69,900
Apr 2, 2010
MLS® 71057413
$150,000
Jan 29, 2008
MLS® 70669263
$150,000
Oct 25, 2007
MLS® 70669263
Listing Agent: Justine Snyder
Listing Office: Fine Properties, Inc.
MLS® Number: 73465001
