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    Victorian 9-Unit Multifamily Property
    Updated: Feb 26
    Victorian 9-Unit Multifamily Property

    465 Chapel, Lee, MA 01238

    $995,000
    5,690 sqft 2.50 AC lot
    Victorian multifamily built in 1880 with 9 residential units that are fully occupied
    Unit mix includes 2 efficiency 1‑bedroom units, 1 spacious 2‑bedroom unit, and 6 standard 1‑bedroom units
    Each unit layout features a living room and full kitchen
    On‑site amenities include private parking for up to 16 vehicles and a coin‑operated washer and dryer for supplemental income
    Recent updates: furnace and chimney liner both less than one year old
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    This listing looks promising.

    Here's a quick look at some key insights for

    465 Chapel, Lee, MA 01238

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    • Est. Cap Rate

      7.8%
      Above avg (5.9%)

    • Est. NOI

      $78K
      Annual

    • Price @ 7% Cap

      $1.11M
      Above asking

    • Property Type

      Apartments (Generic)
      Built 1880
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    Mixed-Use Building with Street-Level Retail
    Updated: Jun 6
    Mixed-Use Building with Street-Level Retail

    236 Main, Lee, MA 01238

    $975,000
    9,024 sqft
    Mixed‑use building built in 1950 on Main Street with six residential apartments and one street‑level commercial storefront
    Main Street location provides street‑level commercial frontage plus residential rental units
    Offers diversified income potential from both residential tenants and a commercial storefront tenant
    View details
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Lee, MA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    14-Unit Brick Apartment Building
    14-Unit Brick Apartment Building

    40 Reed Street, Pittsfield, MA 01201

    $1,150,000
    9,928 sqft

    Multifamily property offering one-bedroom residences, separate utilities, off-street parking, and shared laundry.

    View details
    Five-Unit Apartment Building
    Five-Unit Apartment Building

    53 Mahaiwe, Great Barrington, MA 01230

    $600,000
    3,502 sqft

    Five-unit multifamily property offering four one-bedroom units and one two-bedroom unit, with on-site parking.

    View details
    Apartment Building with Historic Character
    Apartment Building with Historic Character

    40-42 Henry Ave, Pittsfield, MA 01201

    $320,000

    Multifamily property with natural gas service, hot water, and an asphalt exterior.

    View details
    55-Unit Expansion Opportunity
    55-Unit Expansion Opportunity

    0 Stanley Dr, Great Barrington, MA 01230

    $2,500,000
    23.00 AC lot

    Semi-completed 55-unit expansion project in Great Barrington, Massachusetts.

    View details

    Lee, MA Apartment Buildings Market Trends and Statistics

    Explore 2 apartment buildings for sale in Lee, MA on our real estate platform. These investment opportunities span a total of 14,714 square feet of properties for sale, with an estimated market value of $1,970,000.

    Sale prices for two-family homes in Lee, MA start at $975,000, averaging $985,000, and reaching up to $995,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 6,077
    Population Growth (5Y) -0.2%
    Median Household Income $74,797
    College Educated 79.9%

    High-Yield Neighborhoods for Investment

    Identify Lee submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    01238 $975K

    Taxes & Financing

    Tax Rate (average for all types) 1.12%
    Property Tax per SF $23.51 per SF
    Tax Rate vs County Average 0.89 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Berkshire County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Berkshire County

    Residential Income

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