Duplex with Separate
1089 Main Street, Holyoke, MA 01040
For Sale
New
$295,000
Separate entrances and electric meters support a return to two distinct residential units.
Property Size2,118 SF
Lot Size0.12 Acres
Price / SF$139.28
Days on Market2
Property Features for 1089 Main Street
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Charles J Davignon Real Estate Agency
Listed By:
Charles J Davignon · License MA #452500741
(413) 330-5969
Source:
413realestate
Added: Nov 12
Last Checked: Nov 12 at 2:16PM
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 Charles J Davignon Real Estate Agency
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Investment Insights
Based on property information with market context.
This 2,118-square-foot duplex, built in 1900, is currently configured as a single-family residence. It can be divided into a first-floor four-room, one-bedroom unit and a second- and third-floor five-room, three-bedroom unit. Separate egress routes and electric meters are already in place. Improvements include a newer roof, vinyl siding, replacement windows, a modern kitchen and baths, and an updated common gas hot-air furnace and water heater. The property also has front porches, rear and yard decks, a double-width paved driveway, and a storage shed. A fenced side corner lot of approximately 5,025 square feet is included.
The property is on Main Street in Holyoke, with access to Routes 5, 391, 91, and 90. Zoning is RA.
The property is on Main Street in Holyoke, with access to Routes 5, 391, 91, and 90. Zoning is RA.
Key Highlights
- 2,118‑square‑foot duplex built in 1900
- Configurable as a 4‑room/1‑bedroom unit and a 5‑room/3‑bedroom unit
- Separate egress routes and electric meters are in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,709
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$514,180
$514.2K
Cap Rate 7%
$367,271
$367.3K
Cap Rate 9%
$285,656
$285.7K
Market Conditions
NOI Build-Up for 2,118 SF
Gross rent
$49.3K $23.28/SF
− Vacancy
−$2.6K −$1.21/SF
EGI
$46.7K $22.07/SF
− OpEx
−$21.0K −$9.93/SF
NOI
$25.7K $12.14/SF
Area
Hampden County, MA
Vacancy
5.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$514,180
Cap Rate 7%
$367,271
Cap Rate 9%
$285,656
Alternative Uses
Best Use
Multifamily LT 5
$396.3K
$346.8K – $462.4K
NOI $27,741 @ 7.0% cap · market cap 9.40%
Second Best
Apartment 5plus
$367.3K
$321.4K – $428.5K
NOI $25,709 @ 7.0% cap · market cap 8.71%
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,376 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
660
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
$255,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Holyoke, MA
Properties on Market for Duplexes in Holyoke
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances and electric meters support a return to two distinct residential units.
Where is this duplex located?
The property is located at 1089 Main Street Holyoke, MA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 2,118‑square‑foot duplex built in 1900; Configurable as a 4‑room/1‑bedroom unit and a 5‑room/3‑bedroom unit; Separate egress routes and electric meters are in place
