1016 Chestnut St

2,616 Sq. Ft.
$182 / Sq. Ft.
2,616
Sq. Ft.
$182
per Sq. Ft.

Description

Fantastic opportunity for income producing or multi generational living! This single-family home is currently being utilized as a two-family, offering flexible living arrangements for today’s needs. Live in one unit while generating rental income from the other potentially offsetting your mortgage. The home has been remodeled and features 5 bedrooms (3bedrooms on one level and. 2 on the second) updated kitchens and bathrooms, enclosed porches, lots of wood floors throughout and much more! Also included...Fantastic opportunity for income producing or multi generational living! This single-family home is currently being utilized as a two-family, offering flexible living arrangements for today’s needs. Live in one unit while generating rental income from the other potentially offsetting your mortgage. The home has been remodeled and features 5 bedrooms (3bedrooms on one level and. 2 on the second) updated kitchens and bathrooms, enclosed porches, lots of wood floors throughout and much more! Also included is a large 40 ft Lx26 ft wide and 12 foot walls workshop-style garage, ideal for a tradesperson working from home or for additional rental income. A versatile property with strong income potential, buyer to perform due diligence regarding use.
  1. Listed by Gwendolyn Levine • Executive Real Estate, Inc.

Property Details for 1016 Chestnut Street

Town
Palmer
Area
MA-Palmer
Garage Spaces
4
Open Parking Spaces
6.00
Parking Spaces Total
10
LISTING UPDATED: 05/03/2026 04:09 AM

Property Details for 1016 Chestnut Street

StatusActive
MLS #73509485
Days on Market52
Taxes$5,957 / year
HOA Fees-
Property TypeMulti Family
MLS TypeMulti-family / 2 Family - 2 Units Up/Down
Year Built1904
CountyHampden County

Location

Listing Courtesy of Executive Real Estate, Inc., Gwendolyn Levine
Add your commute

Building Information for 1016 Chestnut Street

Stories2Residences2Year Built1904Building Size-Lot Size0.42 AC / 18,295 SF

Payment Calculator

$2,863 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,366

Property Taxes

$496

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 1016 Chestnut Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Living Area: 2616.0
  • Color: WHITE
  • SqFt with Basement: No
  • Total Units: 2
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Num of Baths: 2.0
  • Num of Full Baths: 2
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 2.00
  • Bathrooms Total Integer: 2
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Tile
  • Interior Features: Living Room, Kitchen, Laundry Room
  • SpaYN: No
Exterior Features
  • Exterior Features: Deck
  • Lot Description: Level
  • Patio And Porch Features: Deck
Parking Features
  • Covered Spaces: 4.00
  • Garage: Yes
  • Garage Parking: Off-Street
  • Parking Features: Off-Street
  • Parking Features: Off-Street
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • UFFI: Unknown
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: PROPERTY IS ZONED SF BUT USED AS MF. Neither seller or listing agent/broker make any representations as to the accuracy of any information contained herein. Buyer/Buyer Agent must conduct their own due diligence,verification and research and are relying solely on the results thereof
Tax Information
  • Tax ID: 3146920
  • Assessments: $328,200
  • Book: 10351
  • Tax Year: 2025
  • Zoning: tr
Building / Association Information
Living Characteristics
  • Beds Total: 5
  • Total Living Levels: 2
Other Building Characteristics
  • Foundation: Concrete Perimeter
  • Levels: 2
Income / Expenses
  • GOI: $19,200.00
  • NOI: $19,200.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Rental Info
Rental Info
  • Total Actual Rent: $1,600.00

Property History for 1016 Chestnut Street

DateEvent & SourcePriceAppreciation
Apr 16, 2026

Listed (Active)

MLS PIN #73502679

$474,900
Apr 16, 2026

Listed (Active)

MLS PIN #73509485

$474,900
Jul 1, 1998

Sold (Public Record)

Public Record #87419163

$83,000
DateEvent & SourcePrice
04/16/2026

Listed (Active)

MLS PIN #73502679

$474,900
04/16/2026

Listed (Active)

MLS PIN #73509485

$474,900
07/01/1998

Sold (Public Record)

Public Record #87419163

$83,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1016 Chestnut Street

Taxable ValueLand$56,600Additions$271,600Total$328,200
Tax Record2025$5,957 ($496 / month)
Home Facts
Beds5Baths2Total Finished SqFt2,616 SqFtAbove Grade Finished SqFt2,616 SqFtUnfinished Basement SqFt1,308 SqFtStories2Lot Size18,295 SqFtStyleSingle Family ResidenceYear Built1904ZoningTRCountyHAMPDENAPNPALM M:55 B:47

Schools near 1016 Chestnut Street

This home is within Palmer School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 12
Rating
School
Distance
Old Mill Pond Elementary School
PublicPK to 6

Palmer High School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

1016 Chestnut Street is a multi-family home for sale in Palmer, MA 01069. This property was listed for sale on April 16, 2026 by Executive Real Estate, Inc., it's currently listed at $474,900. It has been on the market for a total of 52 days and was last sold on July 1, 1998. This listing's school district is Palmer School District. Nearby schools include Old Mill Pond Elementary School, Palmer High School and West Area. 1016 Chestnut Street is a 5-bed, 2-bath, 2,616 sqft multi-family home built in 1904.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Executive Real Estate, Inc., Gwendolyn Levine

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.