Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    516-518 Union St North Adams, MA 01247

    Sponsored
    For Sale
    $149,900

    MULTI_FAMILY - North Adams, MA

    Property size:
    2,132 SF
    Lot size:
    0.13 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 20 at 12:06 am

    Property Features for 516-518 Union St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CA
    Rooms
    Bedroom 5, Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 6
    Bedrooms
    6
    Bathrooms
    2
    APN
    M:122 B:0000 L:9,2702262
    Parking
    2
    Size
    2,132 SF
    Lot size
    0.13 Acres

    Building Details

    Year built
    1900
    Floors in Building
    4
    Number of units
    2

    We can help!

    Listing Contact
    Rochelle Jonswold

    Keller Williams Realty North Central (978) 840-9000

    Listing agent Rochelle Jonswold

    Listing date Feb 18, 2026

    MLS# 73478097 Listing URL

    Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    North Adams Multifamily Property

    This multifamily property, located in North Adams, Massachusetts, features six bedrooms and two bathrooms. Significant work has already been completed on the 2,132 square-foot structure, presenting an opportunity to bring the project to completion. The property is situated on a 0.1256-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    North Adams
    County
    Berkshire
    State
    Massachusetts
    Longitude
    -73.092568
    Latitude
    42.698923

    Nearby Similar for Sale

    • $299,900
      Pending

      North Adams Multi-Family Duplex

      Multi-family duplex in North Adams, Massachusetts for sale.
      129-133 Franklin St, North Adams, MA 01247
      View Details
    • $275,000
      2,664 SF

      Rented Triplex in North Adams

      Income-generating, low-maintenance triplex near shops, restaurants, and attractions.
      86 W Main St, North Adams, MA 01247
      View Details
    • New
      $99,900
      2,518 SF

      North Adams Multifamily Renovation Project

      Two-unit property in North Adams, ready for renovation.
      27 Hall St, North Adams, MA 01247
      View Details
    • New
      $119,900
      2,623 SF

      Spacious Two-Unit Property

      Large two-unit property with open floorplans, ready to renovate.
      56 Liberty St, North Adams, MA 01247
      View Details
    • New
      $199,000
      2,540 SF

      Renovated Duplex in North Adams

      Spacious, renovated duplex with two units and six bedrooms.
      17-19 Bracewell Ave, North Adams, MA 01247
      View Details
    • $174,950
      3,710 SF

      Income-Producing Multifamily Property

      Multifamily property offering income-producing investment potential in North Adams, MA.
      11-15 Perry St, North Adams, MA 01247
      View Details
    • $279,900

      Renovated Two-Family Home

      Income-producing two-family home with recent renovations and tenant occupancy.
      33-35 Hall St, North Adams, MA 01247
      View Details
    • Contact for pricing

      Greylock WORKS Loft

      Corner loft with historic character and modern design.
      520 State Rd, North Adams, MA 01247
      View Details
    • Contact for pricing

      Greylock WORKS Loft

      South-facing 2BR loft with modern amenities and Berkshire views.
      520 State Rd, North Adams, MA 01247
      View Details
    • Contact for pricing

      North Adams Multifamily Investment Opportunity

      Three updated units near downtown, Mass MoCA, and MCLA.
      23-27 Gallup St, North Adams, MA 01247
      View Details
    • $399,900

      Victorian Quadplex with Income Potential

      Victorian quadplex in central location, ideal for owner occupancy.
      31 Dover St, North Adams, MA 01247
      View Details
    • Contact for pricing

      Large Three-Family Home

      Three-family home with investment potential in North Adams, Massachusetts.
      30 Dover St, North Adams, MA 01247
      View Details

    FAQs

    What type of property is this?
    Duplex - Six-bedroom, two-bath multifamily property in North Adams, Massachusetts.
    Where is this duplex located?
    The property is located at 516-518 Union St North Adams, MA.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: - Large 6-bedroom layout offers significant living space or rental potential.; - Multifamily structure provides opportunity for multiple income streams or extended family living.; - Significant work already completed, reducing initial renovation burden.
    (978) 840-9000
    Request Owner's contact information
    516-518 Union St North Adams, MA 01247
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    516-518 Union St
    North Adams, MA 01247
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    516-518 Union St North Adams, MA 01247
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Rochelle Jonswold
    (978) 840-9000 (978) 860-3609
    Learn more
    Google sign-in failed. Please try again or use another login method.