Live-Work Property with
107 S Main St Sheffield, MA 01257
For Sale
$479,000
MULTI_FAMILY - Colonial, Split Level - Sheffield, MA
Property Size1,765 SF
Lot Size1.51 Acres
Price / SF$271.39
Days on Market106
Property Features for 107 S Main St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Basement, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 1, Bathroom 3
- Parking
- 4
- Interior features
- Cable Avail, Central Vacuum, Fireplace(s), High Speed Wiring, Inlaw/ Guest Qtrs, Walk-In Closet(s)
- Exterior features
- Barn/Stable
- Fireplace
- 1
- Basement
- Dirt Floor
- Appliances
- Washer, Refrigerator, Range, Range Hood, Dryer, Dishwasher, Built-In Gas Oven, Built-In Electric Oven
- Standard status
- Active
- APN
- SHEF M:024.0 B:0001 L:0040.0
- Size
- 1,765 SF
- Lot size
- 1.51 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4499
Utilities
- Utilities
- Cable Available
- Sewer type
- Private Sewer
- Heating system
- Radiant, Oil
- Water source
- Public
Building Details
- Year built
- 1793
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Wood, Laminate
- Building materials
- Wood Frame, Clapboard
- Roof type
- Asphalt
- Architectural style
- Split Level, Colonial
Listing Agency:
HOUSATONIC REAL ESTATE
(413) 274-5065
Listed By:
Judi Panzano · License #9585682
(203) 209-8769
Added: Apr 9
Changed: Jul 22
Last Checked: Jul 23 at 1:06PM
MLS# 249116
Copyright © 2026 Berkshire County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The Hatfield House is a renovated split-level live/work property offering move-in ready space with modern systems and a newly sealed basement. The main residence features the original historic character while functioning as a combined living and work environment. A separate one-bedroom apartment with its own entrance adds flexibility for income or guest use.
A key component of the property is the adjacent 1,200 sq ft three-bay barn with electricity, designed for additional creative or business use. The property is set on 1.51 acres, with protected wetland views, and the site is described as having commercial/residential zoning that allows for a gallery, studio, office, or home business use. The overall configuration supports a mix of privacy and versatility for a Main Street area.
The offering includes residential space plus the outbuilding for work or production related to permitted uses under the noted zoning. Plans are mentioned for a new second-floor bathroom.
A key component of the property is the adjacent 1,200 sq ft three-bay barn with electricity, designed for additional creative or business use. The property is set on 1.51 acres, with protected wetland views, and the site is described as having commercial/residential zoning that allows for a gallery, studio, office, or home business use. The overall configuration supports a mix of privacy and versatility for a Main Street area.
The offering includes residential space plus the outbuilding for work or production related to permitted uses under the noted zoning. Plans are mentioned for a new second-floor bathroom.
Key Highlights
- Main residence built in 1793 with Colonial and split‑level architectural style
- Separate one‑bedroom apartment with its own entrance for guest use or potential income
- Set on 1.5 acres with protected wetland views
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 | $38.1k | $21.60 |
| − Vacancy | −$507 | −$0.29 |
| EGI | $37.6k | $21.31 |
| − OpEx | −$11.3k | −$6.39 |
| NOI | $26.3k | $14.92 |
1,765 SF · lease $21.60/SF/yr · vacancy 1.33% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$376.2K
$329.2K – $438.9K
NOI $26,332 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$344.6K
$301.5K – $402.0K
NOI $24,120 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$516.8K
$452.2K – $602.9K
NOI $36,175 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Silk's Variety
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Duplex - Renovated split-level live-work setup with a separate one-bedroom unit and an adjacent 1,200 sq ft electric barn.
Where is this duplex located?
The property is located at 107 S Main St Sheffield, MA.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Main residence built in 1793 with Colonial and split‑level architectural style; Separate one‑bedroom apartment with its own entrance for guest use or potential income; Set on 1.5 acres with protected wetland views
