Renovated Duplex with Three-Bay
For Sale
$449,000
107 S Main St, Sheffield, MA 01257
MultiFamily, Sheffield, MA
Property Size1,765 SF
Lot Size1.51 Acres
Price / SF$254.39
Days on Market150
Property Features for 107 S Main St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi, Residential
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Basement, Bathroom 3
Parking
4
Interior features
Cable Avail, Central Vacuum, Fireplace(s), High Speed Wiring, Inlaw/ Guest Qtrs, Walk-In Closet(s)
Exterior features
Barn/Stable
Fireplace
1
Basement
Dirt Floor
Appliances
Washer, Refrigerator, Range, Range Hood, Dryer, Dishwasher, Built-In Gas Oven, Built-In Electric Oven
Lot features
Irregular Shape
Elementary school
Undermountain
Middle school
Mount Everett
High school
Mount Everett
Directions
Rt 7 to Sheffield, MA Less than 1 mile south on Rt 7 toward CT on your left side.
Subdivision
South Registry
Standard status
Active
APN
SHEF M:024.0 B:0001 L:0040.0
Size
1,765 SF
Lot size
1.51 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4499
Utilities
Utilities
Cable Available
Sewer type
Private Sewer
Heating system
Oil, Electric (Heating), Hot Water(Heating)
Water source
Public
Building Details
Year built
1793
Floors in Building
2
Number of units
2
Flooring type
Laminate, Wood, Tile - Ceramic
Building materials
Wood Frame, Clapboard
Roof type
Asphalt
Architectural style
Colonial, Split Level
Listing Agency:
HOUSATONIC REAL ESTATE
(413) 274-5065
Listed By:
Judi Panzano · License #9585682
(203) 209-8769
Added: Apr 9
Changed: Aug 19
Last Checked: Sep 5 at 10:06PM
MLS# 249116
Copyright © 2026 Berkshire County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1793, this duplex property includes a renovated main residence with historic character, modern systems, and a sealed basement, along with a separate one-bedroom apartment with its own entrance. The property contains 1,765 square feet on 1.51 acres and includes three bathrooms, a fireplace, public water, and private sewer.
An adjacent 1,200-square-foot barn offers three bays and electricity, providing additional space for gallery, studio, office, or home business use. Commercial/residential zoning supports the property's live/work configuration, while wetland views contribute to the setting. The property is located at 107 S Main St in Sheffield, Massachusetts, with a Main Street address and proximity to downtown Great Barrington.
An adjacent 1,200-square-foot barn offers three bays and electricity, providing additional space for gallery, studio, office, or home business use. Commercial/residential zoning supports the property's live/work configuration, while wetland views contribute to the setting. The property is located at 107 S Main St in Sheffield, Massachusetts, with a Main Street address and proximity to downtown Great Barrington.
Key Highlights
- Duplex configuration with a separate one‑bedroom apartment and private entrance
- 1,765 square feet on 1.51 acres
- Adjacent 1,200‑square‑foot barn with three bays and electricity
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,332
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$526,640
$526.6K
Cap Rate 7%
$376,171
$376.2K
Cap Rate 9%
$292,578
$292.6K
Market Conditions
NOI Build-Up for 1,765 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$38.1K $21.60/SF
− Vacancy
−$507 −$0.29/SF
EGI
$37.6K $21.31/SF
− OpEx
−$11.3K −$6.39/SF
NOI
$26.3K $14.92/SF
Area
Berkshire County, MA
Vacancy
1.33%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$526,640
Cap Rate 7%
$376,171
Cap Rate 9%
$292,578
Alternative Uses
Best Use
Multifamily LT 5
$376.2K
$329.2K – $438.9K
NOI $26,332 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$344.6K
$301.5K – $402.0K
NOI $24,120 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$516.8K
$452.2K – $602.9K
NOI $36,175 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
120
Businesses Nearby
Explore this area
Business Placement
Demographics for 01257, MA
2,140
Population
1,238
Households
1.7
Avg Household Size
53
Median Age
41%
College-Educated
100%
High-School Grad
33.9 sq mi
ZIP Area
63
Density / Sq Mi
$80,227
Median Household Income
$40,907
Median Earnings
$1,161
Median Rent
$432,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Historic property pairs a separate apartment with a powered barn and flexible commercial/residential zoning.
Where is this duplex located?
The property is located at 107 S Main St Sheffield, MA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Duplex configuration with a separate one‑bedroom apartment and private entrance; 1,765 square feet on 1.51 acres; Adjacent 1,200‑square‑foot barn with three bays and electricity
