Building Details

Building Size 1,988 SF

Year Built 1988

Listing Agency: William Raveis R.E. & Home Services Show Phone

Listed By: Stiles & Dunn Show Phone

Source: Iverty

Added: Sep 9 Changed: Nov 1 Last Checked: Nov 1 at 4:29AM

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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 William Raveis R.E. & Home Services

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Investment Insights

Based on property information with market context.

This contemporary duplex property combines a spacious main residence with a legal one-bedroom apartment positioned above the garage. The primary dwelling includes an open living and dining arrangement, vaulted ceilings, skylights, maple hardwood flooring, two first-floor primary suites, two additional upstairs bedrooms, and multiple full baths. One main-level suite includes accessibility-oriented features, while the other offers a Jacuzzi tub, separate shower, and stackable laundry setup. A fireplace, large deck, walkout lower level, wood stove, and substantial storage add functional variety.

The property occupies 2.45 acres and abuts Town of Pelham conservation land, providing a rural setting near Amherst, UMass, and the surrounding Valley area. The lower level has a slider and five windows, supporting potential office, recreation, family, or fitness use. Additional features include a newer furnace, newer hot water heater, first-floor laundry hookups, whole-house vacuum, and leased solar panels that provide most of the property's electricity.

Key Highlights

• Legal one‑bedroom apartment above the garage
• 2.45 acres adjoining Town of Pelham conservation land
• Two first‑floor primary suites, including one with accessibility features

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$54,547

Cap Rate

9.09%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,090,940 $1.1M

Cap Rate 7%

$779,243 $779.2K

Cap Rate 9%

$606,078 $606.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,776 SF

Gross rent

$81.6K $21.60/SF

− Vacancy

−$3.6K −$0.96/SF

EGI

$77.9K $20.64/SF

− OpEx

−$23.4K −$6.19/SF

NOI

$54.5K $14.45/SF

Area

Hampshire County, MA

Vacancy

4.46%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,090,940

Cap Rate 7%

$779,243

Cap Rate 9%

$606,078

Alternative Uses

Best Use

Multifamily LT 5

$779.2K

$681.8K – $909.1K (±1% cap)

NOI $54,547 @ 7.0% cap · market cap 9.09%

Second Best

Apartment 5plus

$712.5K

$623.5K – $831.3K (±1% cap)

NOI $49,876 @ 7.0% cap · market cap 8.31%

Theoretical Best

Office A

$2.30M

$2.01M – $2.68M (±1% cap)

NOI $160,966 @ 7.0% cap · market cap 26.83%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Location Intelligence

Trade Area within ½ mile

9

Businesses Nearby

Explore this area Business Placement

Demographics for 01002, MA

27,558

Population

11,089

Households

2.5

Avg Household Size

30

Median Age

74%

College-Educated

97%

High-School Grad

53.3 sq mi

ZIP Area

517

Density / Sq Mi

$69,411

Median Household Income

$22,570

Median Earnings

$1,561

Median Rent

$449,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Flexible duplex configuration with an accessible suite, separate apartment, and adaptable lower-level space.

Where is this duplex located?

The property is located at 105-107 North Valley Rd Pelham, MA.

What is the asking price?

The asking price for this property is $599,900.

What are key features of this property?

This property features: Legal one‑bedroom apartment above the garage; 2.45 acres adjoining Town of Pelham conservation land; Two first‑floor primary suites, including one with accessibility features