About this home
Excellent investment opportunity to own a fully occupied four-unit multifamily property in Palmer. This income-producing asset features a desirable unit mix of three 1-bedroom apartments and one 2-bedroom apartment, providing strong rental demand and diversification.The property currently generates $4,200 per month in gross rental income, offering immediate cash flow for investors looking to expand their portfolio or enter the multifamily market.Conveniently located with easy access to local amenities, shopping, restaurants, schools, and major routes, this property appeals to a broad tenant base. Whether you're a seasoned investor or looking for a turnkey multifamily investment, 1061–1063 Pleasant Street presents an excellent opportunity with stable rental income and long-term upside.
Listing last checked: Listing updated:
Listed by Andrew Rodman · Lock and Key Realty Inc. · MLS #73545109
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Details at a glance
Interior4 property facts
- Rooms
- 16
- Flooring
- Wood, Vinyl
- Basement
- Yes · Full
- Fireplaces
- 4
Building5 property facts
- Style
- 4 Family - 4 Units Up/Down
- Year built
- 1875
- Parking
- 6
- Foundation
- Stone
- Roof
- Shingle
Land & utilities5 property facts
- Lot size
- 0.14 acres
- Water
- Public
- Sewer
- Public Sewer
- Pool
- Not reported
- Zoning
- VC1
Financial2 property facts
- Annual taxes
- $5,663
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $399,999 asking price. Adjust the assumptions to your situation.
Known monthly costs$2,495 / monthAdjust
- Principal & interest
- $2,023
- Property tax
- $472
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $5,663. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
More property insights
Automated value estimate $388,214
Estimated range $341,494–$434,933.
Automated estimates are not appraisals or guarantees of market value.
Request a professional market analysisPhoto-based condition insights
Overall presentation: average
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About 1061-1063 Pleasant St
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