Active
8 Days on market
378 Boston Road W Monson — Photo 1 of 9

378 Boston Road W Monson — Photo 1 of 9

$339,999

Investment Analysis — 378 Boston Road W

Monson, MA 01057

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 2-unit multi-family in 01057 carries an estimated $2,880/mo in gross rent — about a 7.32% cap rate and $24,876/yr in estimated NOI at the $339,999 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2

SqFt

5,865

Style

Multi Family

Built

1930

Versatile two-unit property with additional commercial space located at 378 Boston Rd W in Palmer. This unique property offers 4 bedrooms and 2 full bathrooms with updated interiors and appliances included for both residential units. The property features separate metering, providing flexibility for an owner-occupant or investor. The downstairs unit includes a washer and dryer, an oil-fired furnace, and updated electrical. The second heating system is propane, and mini-splits have also been installed for additional comfort. The roof is approximately four years old, and the seller reports no known plumbing or electrical issues. Additional features include a generator hookup and a basement equipped with a sump pump. The property is serviced by a private well and a septic system that was newly installed in 2023. The well is currently functioning, although the water-pressure unit is in need of replacement. Adding to the opportunity, the sale also includes a small commercial property, creating additional possibilities for an investor, owner-occupant, or buyer seeking a property with mixed-use potential. Convenient Palmer location with residential and commercial components, updated interiors, major recent improvements, and multiple possibilities for future use. Buyer is to perform their own due diligence regarding zoning, permitted uses, commercial space, utilities, and property information.

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.

Property Details

Financials

Original Price$339,999
Annual Taxes$1,390

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms10
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterOther
SewerOther

Building & Exterior

Construction--
RoofAsphalt/Composition Shingles
FoundationOther
ZoningRes

Property & Lot

Acres3.6
SqFt Lot156,816
Lot FeaturesOther

Geography

Property History

Listed
$339,999

Sep 5, 2026

MLS® 73572295

Listed
$339,999

Sep 5, 2026

MLS® 73572289

Terminated
$339,999

Sep 5, 2026

MLS® 73572289

Listing Provided By

Listing Agent: Derek Greene

Listing Office: The Greene Realty Group

MLS® Number: 73572295