Three-Unit Townhouse
New
For Sale
$880,000
11 Maple Avenue, Northampton, MA 01060
Residential units feature separate utilities, in-unit laundry, and access to on-site parking and garage space.
Property Size4,001 SF
Days on Market6
Property Features for 11 Maple Avenue
General Information
Standard status
Active
Size
4,001 SF
Total Parking Spaces
16
Property subtype
Multifamily
Units
Unit Mix
2 x 4BR/2BA, 1 x 1BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$9,292
Amenities
enclosed porch
fenced yard
storage shed
laundry
Building Details
Building Size
4,001 SF
Year Built
1900
Listing Agency:
The Murphys REALTORS, Inc.
Listed By:
David A Murphy
Source:
Classifiedrealtygroup
Added: Aug 26
Changed: Aug 28
Last Checked: Aug 31 at 1:43PM
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 The Murphys REALTORS, Inc.
Investment Insights
Based on property information with market context.
This 4,001-square-foot triplex, built in 1900, combines townhouse-style residences with a third-floor one-bedroom penthouse apartment. The townhouse units include four bedrooms, two bathrooms, living areas, and kitchens equipped with appliances. Laundry facilities and separate utilities serve the units individually.
The property includes a two-car garage, 12 additional parking spaces, enclosed porches on the first and second floors, a partially fenced yard, and a large storage shed. The property is within walking distance of downtown Northampton. Additional parking spaces are rented by the current owner for supplemental income.
The property includes a two-car garage, 12 additional parking spaces, enclosed porches on the first and second floors, a partially fenced yard, and a large storage shed. The property is within walking distance of downtown Northampton. Additional parking spaces are rented by the current owner for supplemental income.
Key Highlights
- 4,001‑square‑foot triplex built in 1900
- Two townhouse‑style units with four bedrooms and two baths, plus a one‑bedroom penthouse apartment
- Separate utilities and laundry facilities for all units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$57,797
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,155,940
$1.2M
Cap Rate 7%
$825,671
$825.7K
Cap Rate 9%
$642,189
$642.2K
Market Conditions
NOI Build-Up for 4,001 SF
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.
Gross rent
$86.4K $21.60/SF
− Vacancy
−$3.9K −$0.96/SF
EGI
$82.6K $20.64/SF
− OpEx
−$24.8K −$6.19/SF
NOI
$57.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,155,940
Cap Rate 7%
$825,671
Cap Rate 9%
$642,189
Alternative Uses
Best Use
Multifamily LT 5
$825.7K
$722.5K – $963.3K
NOI $57,797 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$755.0K
$660.6K – $880.8K
NOI $52,848 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$2.44M
$2.13M – $2.84M
NOI $170,558 @ 7.0% cap · market cap 19.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,334
Businesses Nearby
Explore this area
Business Placement
Demographics for 01060, MA
14,461
Population
7,875
Households
1.8
Avg Household Size
42
Median Age
69%
College-Educated
95%
High-School Grad
10.9 sq mi
ZIP Area
1,327
Density / Sq Mi
$75,077
Median Household Income
$49,151
Median Earnings
$1,460
Median Rent
$427,100
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?
Triplex - Residential units feature separate utilities, in-unit laundry, and access to on-site parking and garage space.
Where is this triplex located?
The property is located at 11 Maple Avenue Northampton, MA.
What is the asking price?
The asking price for this property is $880,000.
What are key features of this property?
This property features: 4,001‑square‑foot triplex built in 1900; Two townhouse‑style units with four bedrooms and two baths, plus a one‑bedroom penthouse apartment; Separate utilities and laundry facilities for all units
