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3157-3159 Main St, Palmer, MA, 01069

5beds
2baths
3,772sqft
$350,000
$93price/sqft
$3,091/moest. monthly cost
$123,640/yrincome needed

About This Home

Great opportunity to own a spacious multifamily property featuring two generously sized units, each offering three bedrooms plus a versatile flex room with potential for a walk-in closet, home office, or additional storage. Both units feature a first-floor bathroom and convenient pantry space. One unit will be delivered vacant offering an excellent option for an owner-occupant or a new tenant. With flexible living spaces and strong investment potential, this property is a great addition to an investment portfolio or an opportunity to make homeownership more affordable with rental income. Major updates between 2016-2019 including, brand new roof, all new electrical wiring throughout including new service, new plumbing, duct work, high efficiency furnaces and water heaters. Unit 3159 has newer windows, flooring and updated kitchen. With all the major things taken care of, this multifamily is a home run.

Getting Around

32
WalkingCar-Dependent
0
TransitVery Limited Transit
14
BikeSomewhat Bikeable

Schools

3/10
5/10
Palmer High SchoolGrades 7-122.3 mi

Construction

Condition

  • Year built: 1880

Materials

  • Foundation: Stone
  • Roof: Shingle
  • Construction materials: Frame

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex

Interior

Appliances

  • Appliances included: Range,Refrigerator

Basement

  • Has basement: Yes
  • Basement: Full,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Walk-Up Attic,Heated Attic,Bathroom With Tub & Shower,Living Room,Kitchen
  • Finished area above ground: 3,772

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 3,772
  • Total interior livable area: 3,772 sqft

Property

Details

  • Parcel number: 3150008
  • Zoning: TR

Lot

  • Lot size: 3,485 sqft
  • Features: Level

Parking

  • Total spaces: 4
  • Parking features: Open
  • Has uncovered spaces: Yes
  • Uncovered spaces: 4

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

Hurricane
Inland Flooding
Ice Storm

FEMA Declared Disasters Across Massachusetts Counties

Hurricane

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,769$21,228
Home Insurance *$168$2,016
Property Taxes $411$4,932
Electricity $743$8,925
Total$3,091$37,092
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$105,977/yr
40% on housing$92,730/yr
45% on housing$82,426/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.9%
8.9%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: -0.2%
-0.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$93This listing

vs Other Active Listings

Avg $/sqft

ZIP 01069$188
Hampden County$188

vs Homes Sold Last Month

Median $/sqft

ZIP 01069$220
Hampden County$227

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-07-12Listed for sale$350,000

For Sale by Agent

AgentElizabeth Salois Team
BrokerageBerkshire Hathaway HomeServices Realty Professionals

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