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3055 Pine Street Palmer — Photo 1 of 28

3055 Pine Street Palmer — Photo 1 of 28

$325,000

Investment Analysis — 3055 Pine Street

Palmer, MA 01009

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 3-bedroom in 01009 carries an estimated $2,240/mo in gross rent — about a 4.65% cap rate and $15,122/yr in estimated NOI at the $325,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1.5

SqFt

1,184

Style

Single Family

Built

1958

Step inside and immediately notice how fresh, bright, and comfortable this beautifully refreshed home feels. Recently painted throughout in neutral tones, the home has a clean, updated look and an easy one-level layout. The living room opens into the dining area and kitchen, creating a connected space that works well for both everyday living and entertaining. Luxury vinyl flooring runs through the main living areas and hallway, while brand-new wall-to-wall carpeting adds warmth and comfort to the bedrooms. The kitchen features stainless steel appliances, an attractive backsplash, and plenty of space to prepare meals while still being part of the conversation. The primary bedroom offers the added convenience of a private half bath. A heated breezeway provides additional usable space and connects the home to the attached garage. Out back, a large deck overlooks the spacious yard, offering plenty of room for outdoor dining, entertaining, gardening, or simply enjoying some fresh air. Located in an established residential neighborhood, this home combines comfortable one-level living with fresh updates, a functional floor plan, and indoor and outdoor spaces that are ready to enjoy.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 592 sq ft (the lesser of 900 sq ft or half the 1,184 sq ft principal dwelling). Lot size: 22,264 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

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.

Open Houses

Property Details

Financials

Original Price$325,000
Annual Taxes$5,307

Parking

Garage1
Off-Street5

Interior Specifications

Total Rooms6
Fireplaces2
FlooringTile, Vinyl, Carpet, Flooring - Vinyl
BasementFull

Climate & Utilities

HeatingBaseboard, Oil
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningTR

Property & Lot

Acres0.51
SqFt Lot22,264
Lot FeaturesWooded, Gentle Sloping

Amenities & Appliances

Range • Dishwasher • Microwave • Refrigerator

Neighborhood

Public Transportation • Shopping

Geography

Floorplan Breakdown

Structural Layout

First
Primary Bedroom
Main,First
Living RoomDining RoomKitchenBedroom 2Bedroom 3Bathroom 1Bathroom 2
Living Room
Lvl Main,First

13 x 12

Ceiling Fan(s), Flooring - Vinyl, Lighting - Overhead

Dining Room
Lvl Main,First

13 x 10

Flooring - Vinyl, Exterior Access, Slider, Lighting - Overhead

Kitchen
Lvl Main,First

11 x 10

Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Lighting - Pendant, Lighting - Overhead

Primary Bedroom
Lvl First

11 x 14

Bathroom - Half, Ceiling Fan(s), Closet, Flooring - Wall to Wall Carpet, Lighting - Overhead

Bedroom 2
Lvl Main,First

11 x 10

Bedroom 3
Lvl Main,First

10 x 9

Closet, Flooring - Wall to Wall Carpet, Lighting - Overhead

Bathroom 1
Lvl Main,First

7 x 10

Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Lighting - Sconce, Lighting - Overhead

Bathroom 2
Lvl Main,First

6 x 4

Bathroom - Half, Flooring - Stone/Ceramic Tile, Lighting - Sconce

Listing Provided By

Listing Agent: Gene Ostrovskiy

Listing Office: NRG Real Estate Services, Inc.

MLS® Number: 73579306