What is the estimated cap rate for 2057-2061 High St, Palmer, MA 01080?

Based on rent reported on the MLS listing, 2057-2061 High St, Palmer, MA 01080 (3 units) has an estimated 10.66% cap rate at its $329,900 list price, assuming $4,250/mo gross rent, 5% vacancy, 20% operating expenses, property taxes. These are estimates, not investment advice.

What is the estimated rent for 2057-2061 High St, Palmer, MA 01080?

The MLS listing reports about $4,250/month in total rent for a 3-unit multi-family in 01080. That is in-place rent from the current leases, which can sit below market on a long-held property.

Active

2 Days on market

2057-2061 High St Palmer — Photo 1 of 33

$329,900

Investment Analysis — 2057-2061 High St

Palmer, MA 01080

Based on rent reported on the MLS listing, a 3-unit multi-family in 01080 carries $4,250/mo in gross rent — about a 10.66% cap rate and $35,155/yr in estimated NOI at the $329,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

3,112

Style

3 Family - 3 Units Side by Side

Built

1900

Well maintained 3-family property in a central location offering solid rental income. Updates in the last few years include (but are not limited to) new appliances, fresh paint, new flooring, new cabinets and countertops. Each unit has their own heating system, their own basement area, and separate electric meters. The property includes two parcels, which makes for a large backyard and plenty of private off-street parking, with on-street parking also available. A turnkey investment opportunity in a convenient location.

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 MLS and other third-party data may be inaccurate or out of date.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.

Financials

Original Price$329,900

Annual Taxes$3,605

Parking

Garage0

Off-Street6

Interior Specifications

Total Rooms14

FireplacesNone

FlooringTile

BasementFull, Interior Entry, Concrete, Unfinished

Climate & Utilities

HeatingForced Air, Oil, Individual, Electric

CoolingNone

WaterPublic

SewerPublic Sewer

Building & Exterior

Construction--

RoofShingle, Rubber

FoundationStone, Brick/Mortar

ZoningTR

Property & Lot

Acres0.17

SqFt Lot7,666

Lot FeaturesCorner Lot, Cleared, Gentle Sloping

Amenities & Appliances

Range • Refrigerator • Range Hood

Neighborhood

Park • Medical Facility • Laundromat • Highway Access • Public School

Geography

Listing Provided By

Listing Agent: Matthew Crowner

Listing Office: William Raveis R.E. & Home Services

MLS® Number: 73577553