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 Market228
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
(616) 871-9200
Source:
Cbcommunityrealtors
Added: Feb 24
Changed: Oct 8
Last Checked: Oct 10 at 1:35AM
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
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.
Property Analytics
Current Use
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
Questions? Ask Rey
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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
