70 Summer Street Palmer — Photo 1 of 38
Recent Drop: $70,000
$80,000
Investment Analysis — 70 Summer Street
Palmer, MA 01079 — Thorndike
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a home in 01079 carries an estimated $1,060/mo in gross rent — about a 10.48% cap rate and $8,382/yr in estimated NOI at the $80,000 list price. Adjust every assumption in the calculator below.
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Residential
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Great opportunity to build on this nearly 3-acre lot with close proximity to area amenities including shopping, dining, and highway access. Enjoy water frontage and views on a small private pond to the rear of the lot, as well as scenic vista views of the surrounding valley and mountains. Town water and sewer service on street. No plans or other information available. Buyer to perform all due diligence regarding any intended use. This lot abuts 82 Summer Street which is also currently for sale (MLS # 73557000). Both properties can be purchased together.
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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping • Park
Geography
Property History
$80,000
Was $150,000
Jul 30, 2026
MLS® 73480888
$150,000
Feb 27, 2026
MLS® 73480888
Listing Agent: The Bay State Team
Listing Office: REMAX Connections
MLS® Number: 73480888