Turn-Key Duplex
1022-1024 Hampden Street Holyoke, MA 01040
1022-1024 Hampden Street, Holyoke, MA, 01040
$429,000
For Sale
$429,000
Well-maintained duplex on a corner lot with enclosed porches, fenced yard, and separate utilities for two floors.
Property Size2,553 SF
Price / SF$168.04
Days on Market128
Property Features for 1022-1024 Hampden Street
General Information
- Standard status
- Active
- Size
- 2,553 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
5 College REALTORS Northampton
Listed by
Robert Goggins
(617) 750-6378
Source
Benoitrealestate
Added: Mar 18 Updated: Jul 22 at 6:01AM Checked: Jul 22 at 6:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 5 College REALTORS Northampton
Investment Insights
Based on property information with market context.
This turn-key duplex offers two independent units with separate utilities on two floors and independent entrances, designed to simplify day-to-day management. The property includes updated renovations completed in 2018, featuring a newer roof, renovated kitchens and baths, and refinished hardwood floors. Two units also feature enclosed porches, adding usable enclosed space.
Set on a corner lot, the home includes a fenced yard and ample off-street parking. The property is positioned for convenient access to local amenities and highway access.
Recent improvements and a functional two-floor layout make this a practical residential income property for either ownership or investment.
Set on a corner lot, the home includes a fenced yard and ample off-street parking. The property is positioned for convenient access to local amenities and highway access.
Recent improvements and a functional two-floor layout make this a practical residential income property for either ownership or investment.
Key Highlights
- Duplex on a corner lot with enclosed porches on two units
- Extensive 2018 updates include newer roof, renovated kitchens and baths, and refinished hardwood floors
- Separate utilities for two floors with independent entrances
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 | $50.5k | $19.80 |
| − Vacancy | −$2.8k | −$1.09 |
| EGI | $47.8k | $18.71 |
| − OpEx | −$14.3k | −$5.61 |
| NOI | $33.4k | $13.10 |
2,553 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$477.7K
$418.0K – $557.3K
NOI $33,438 @ 7.0% cap · market cap 7.79%
Second Best
Apartment 5plus
$442.7K
$387.4K – $516.5K
NOI $30,989 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$1.57M
$1.38M – $1.84M
NOI $110,143 @ 7.0% cap · market cap 25.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained duplex on a corner lot with enclosed porches, fenced yard, and separate utilities for two floors.
Where is this duplex located?
The property is located at 1022-1024 Hampden Street Holyoke, MA.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Duplex on a corner lot with enclosed porches on two units; Extensive 2018 updates include newer roof, renovated kitchens and baths, and refinished hardwood floors; Separate utilities for two floors with independent entrances
