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Two-Family Residential Income Property

137 Housatonic St Lenox, MA 01240

137 Housatonic St, Lenox, MA, 01240
$350,000
Pending
For Sale
Claim this Listing
$350,000
Pending

MULTI_FAMILY - Lenox, MA

Property Size1,708 SF
Lot Size0.29 Acres
AddedMay 22
Days on Market55
Last RefreshJul 15 at 7:06 pm

Property Features for 137 Housatonic St

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Rooms
Bedroom 3, Basement, Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1
Parking features
Off Street
Basement
Dirt Floor
Appliances
Washer, Refrigerator, Dryer, Dishwasher
Standard status
Pending
Size
1,708 SF
Lot size
0.29 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
3410

Utilities

Sewer type
Public Sewer
Water source
Public

Building Details

Year built
1890
Number of units
2
Flooring type
Carpet, Linoleum, Wood
Building materials
Wood Frame, Aluminum
Roof type
Asphalt

Listing agent Maureen White-Kirkby License #131083

Listing office BERKSHIRE HATHAWAY HOMESERVICES BARNBROOK REALTY 271 MAIN ST, GREAT BARRINGTON, MA

Listing date May 22, 2026

MLS# 249641 Listing URL

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.

This two-family residential income property offers two separate units with distinct layouts. The first-floor unit includes two bedrooms along with a spacious living area and kitchen. The upstairs unit provides one bedroom and one bathroom, and includes a fireplace and a back deck. The home is being sold as-is, and the listing notes that there is no negotiation on inspection issues.

The property is located in Lenox, with the remarks stating it is minutes from downtown. Utilities include natural gas, and the home is served by town water and town sewer.

For buyers seeking a straightforward two-unit setup, the configuration supports different tenant profiles with a larger first-floor plan and a smaller upstairs unit with additional living features like a fireplace and deck. The roof replacement in 2021 is a concrete improvement that may help with near-term maintenance planning, while the as-is sale terms should be considered as part of any due diligence.

Key Highlights

  • Two‑family home built in 1890, minutes from downtown Lenox
  • First‑floor unit features 2 bedrooms with a spacious living area and kitchen
  • Upstairs unit offers 1 bedroom, 1 bathroom, a fireplace, and a back deck

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $36.9k $21.60
− Vacancy −$491 −$0.29
EGI $36.4k $21.31
− OpEx −$10.9k −$6.39
NOI $25.5k $14.92
1,708 SF · lease $21.60/SF/yr · vacancy 1.33% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$364.0K
$318.5K – $424.7K (±1% cap)
NOI $25,481 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$333.4K
$291.8K – $389.0K (±1% cap)
NOI $23,341 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$500.1K
$437.6K – $583.5K (±1% cap)
NOI $35,007 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Dental Office Auto Repair Shop Big Box & Wholesale Store Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store HVAC Service Garden Center Cafe & Coffee Shop Barber Shop (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Two-unit residential property featuring updated roof, natural gas, and town water and sewer service.
Where is this duplex located?
The property is located at 137 Housatonic St Lenox, MA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two‑family home built in 1890, minutes from downtown Lenox; First‑floor unit features 2 bedrooms with a spacious living area and kitchen; Upstairs unit offers 1 bedroom, 1 bathroom, a fireplace, and a back deck
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