Turn-Key Duplex
For Sale
$399,000
1022-1024 Hampden Street, Holyoke, MA 01040
Well-maintained duplex on a corner lot with enclosed porches, fenced yard, and separate utilities for two floors.
Property Size2,553 SF
Price / SF$156.29
Days on Market217
Property Features for 1022-1024 Hampden Street
General Information
Standard status
Active
Size
2,553 SF
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Amenities
enclosed porches
Building Details
Year Built
1900
Year Renovated
2018
Stories
2
Tenancy
Multi
Listing Agency:
5 College REALTORS Northampton
Listed By:
Robert Goggins
(413) 575-3586
Source:
Cbcommunityrealtors
Added: Mar 20
Changed: Oct 21
Last Checked: Oct 20 at 10:51PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,438
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$668,760
$668.8K
Cap Rate 7%
$477,686
$477.7K
Cap Rate 9%
$371,533
$371.5K
Market Conditions
NOI Build-Up for 2,553 SF
Gross rent
$50.5K $19.80/SF
− Vacancy
−$2.8K −$1.09/SF
EGI
$47.8K $18.71/SF
− OpEx
−$14.3K −$5.61/SF
NOI
$33.4K $13.10/SF
Area
Hampden County, MA
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$668,760
Cap Rate 7%
$477,686
Cap Rate 9%
$371,533
Alternative Uses
Best Use
Multifamily LT 5
$477.7K
$418.0K – $557.3K
NOI $33,438 @ 7.0% cap · market cap 8.38%
Second Best
Apartment 5plus
$442.7K
$387.4K – $516.5K
NOI $30,989 @ 7.0% cap · market cap 7.77%
Theoretical Best
Office A
$1.57M
$1.38M – $1.84M
NOI $110,143 @ 7.0% cap · market cap 27.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
Explore this area
Business Placement
Demographics for 01040, MA
38,238
Population
17,057
Households
2.2
Avg Household Size
39
Median Age
24%
College-Educated
79%
High-School Grad
21.2 sq mi
ZIP Area
1,804
Density / Sq Mi
$51,892
Median Household Income
$41,801
Median Earnings
$1,016
Median Rent
$255,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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 $399,000.
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
