Multifamily Apartment
109 College Street South Hadley, MA 01075
109 College Street, South Hadley, MA, 01075
$710,000
For Sale
$710,000
Five apartments totaling eight bedrooms and five and a half baths in an 1850-built building.
Property Size4,080 SF
Lot Size0.50 Acres
Price / SF$174.02
Days on Market56
Property Features for 109 College Street
General Information
- Standard status
- Active
- Size
- 4,080 SF
- Lot size
- 0.50 Acres
- Property subtype
- Multi-family
Building Details
- Year Built
- 1850
Listing agency
Coldwell Banker Realty - Western MA
Listed by
Marge Thibodeau
(413) 584-5700
Source
Murphyrealtors
Added: May 28 Updated: Jul 21 at 8:07AM Checked: Jul 22 at 7:37AM
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 Coldwell Banker Realty - Western MA
Investment Insights
Based on property information with market context.
Located at 109 College Street in South Hadley, this spacious multifamily apartment building offers 4,080+ square feet of living space on a generous 1/2-acre lot. Built in 1850, the property includes 5 apartments with a total of 8 bedrooms and 5 1/2 bathrooms, and it is described as having many updates.
The building is positioned minutes from Mount Holyoke College, Village Commons, local shops and restaurants, and public transportation. It also notes easy access to major routes while remaining in a residential neighborhood.
This versatile structure is presented as an opportunity for investors seeking additional multifamily exposure or ownership of a multi-unit property. A must-see showing is encouraged given the building’s size, unit count, and updates.
The building is positioned minutes from Mount Holyoke College, Village Commons, local shops and restaurants, and public transportation. It also notes easy access to major routes while remaining in a residential neighborhood.
This versatile structure is presented as an opportunity for investors seeking additional multifamily exposure or ownership of a multi-unit property. A must-see showing is encouraged given the building’s size, unit count, and updates.
Key Highlights
- Built in 1850, this versatile multi‑family home features 5 apartments totaling 8 bedrooms and 5.5 bathrooms.
- More than 4,000 SF of living space on a 1/2‑acre lot.
- Multi‑family layout includes 5 spacious apartments across 8 BR and 5.5 baths.
Local Financial Insights For Apartment 5plus
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 | $102.8k | $25.20 |
| − Vacancy | −$4.8k | −$1.18 |
| EGI | $98.0k | $24.02 |
| − OpEx | −$44.1k | −$10.81 |
| NOI | $53.9k | $13.21 |
4,080 SF · lease $25.20/SF/yr · vacancy 4.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$769.9K
$673.6K – $898.2K
NOI $53,891 @ 7.0% cap · market cap 7.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.48M
$2.17M – $2.90M
NOI $173,926 @ 7.0% cap · market cap 24.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Five apartments totaling eight bedrooms and five and a half baths in an 1850-built building.
Where is this apartment building located?
The property is located at 109 College Street South Hadley, MA.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: Built in 1850, this versatile multi‑family home features 5 apartments totaling 8 bedrooms and 5.5 bathrooms.; More than 4,000 SF of living space on a 1/2‑acre lot.; Multi‑family layout includes 5 spacious apartments across 8 BR and 5.5 baths.
