54 Commercial St Palmer, MA ^$ 194,900

54 Commercial St

^$ 194,900

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54 Commercial St

Palmer, MA, 01069

^$ 194,900

Bedrooms5 Baths3.2 Sq 2,566

Monthly Estimate*

^$ 1,231

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Multi-Family Home for sale in Palmer, MA

for $194,900 with 5 bedrooms and 3 full baths, 2 half baths. This 2,566 square foot home was built in 1944 on a lot size of 0.38.

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.

Multi-Family Active

Price

^$ 194,900

Bedrooms

Full Bath

Half Bath

Property Type

Multi-Family

Taxes

^$ 965

Style

3 Family - 3 Units Up/Down

Lot Size

0.38

Year Built

1944

Town/City

Palmer

County/Region

Hampden

MLS | Web ID

73465001

List By

Justine Snyder

Listing Agent

Fine Properties, Inc.

Broker

Affordability Calculator

$1,311

Per Month

Monthly Principal & Interest: $1,231
Monthly Property Taxes: $80
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends

Multi-family listings in Palmer, MA

Average List Price ^$351,466

Percent of Sale Price 80%

About Palmer, MA

12,346 Population

-1% Since 2002

^$55,202 Median Income

43.99 Median Age

23% Households with Children

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Trends Information provided by ATTOM Data Solutions.

Neighborhood & Schools

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Pricing History

Date	Price	Price Change	Description
6/30/2026	$194,900	-2.06%	Price Down
5/29/2026	$199,000	-20.40%	Price Down
2/27/2026	$250,000	-16.64%	Price Down
1/4/2026	$299,900		Listed Price

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54 Commercial St, Palmer, MA, 01069 is a Multi-Family Home for sale at $194,900 with 2,566 sqft and a lot size of 0.38. 54 Commercial St has 5 bedrooms, 3.2 baths, and was built in 1944. The property's zip code is 01069 which is in Palmer, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 7/8/2026.

The real estate information and related content displayed on this site is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. 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. 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.

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54 Commercial St

Multi-Family Home for sale in Palmer, MA

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