Multi-Generational Residential Income
1114 South East Street Amherst, MA 01002
For Sale
$850,000
A main home with a separate handicapped-accessible one-bedroom apartment plus ample conserved land for added privacy.
Property Size3,220 SF
Price / SF$263.98
Days on Market135
Property Features for 1114 South East Street
General Information
- Standard status
- Active
- Size
- 3,220 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1972
Listing Agency:
Brick & Mortar
(413) 259-8888
Listed By:
Kate Hogan · License #9075035
(413) 259-8888
Source:
Compass
Added: Mar 12
Changed: Jul 23
Last Checked: Jul 23 at 8:17AM
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 Brick & Mortar
Investment Insights
Based on property information with market context.
This multi-generational residential income property offers a main residence with an open-concept layout, including an eat-in kitchen, dining area, and living room that opens to a deck. The main level features two bedrooms, an office/third bedroom, and a full bath, with refinished floors. The lower level includes a family room, additional bedroom, bath, and storage.
A foyer connects to a private handicapped accessible one-bedroom apartment built in 1988. The apartment includes a kitchen, full bath, laundry, and a side deck. The home is set back from the road, with the surrounding property described as including privacy-enhancing grounds.
The property totals 16.6 acres, with 14.6 acres conserved through Kestrel Land Trust. Set in South Amherst at 1114 South East Street, it’s positioned for convenient access to local amenities while retaining a private, secluded setting.
A foyer connects to a private handicapped accessible one-bedroom apartment built in 1988. The apartment includes a kitchen, full bath, laundry, and a side deck. The home is set back from the road, with the surrounding property described as including privacy-enhancing grounds.
The property totals 16.6 acres, with 14.6 acres conserved through Kestrel Land Trust. Set in South Amherst at 1114 South East Street, it’s positioned for convenient access to local amenities while retaining a private, secluded setting.
Key Highlights
- 16.6‑acre property in South Amherst with scenic views and a mix of wooded, cleared level and gentle‑sloping land
- Main residence plus separate handicapped‑accessible 1‑bedroom apartment (built 1988) with its own kitchen, full bath, laundry, and side deck
- 4 total bathrooms (3 full, 1 half) and 2 fireplaces; home includes multiple living spaces such as living room, dining room, family room, and office/den
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 | $69.6k | $21.60 |
| − Vacancy | −$3.1k | −$0.96 |
| EGI | $66.4k | $20.64 |
| − OpEx | −$19.9k | −$6.19 |
| NOI | $46.5k | $14.45 |
3,220 SF · lease $21.60/SF/yr · vacancy 4.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$664.5K
$581.4K – $775.3K
NOI $46,515 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$607.6K
$531.7K – $708.9K
NOI $42,532 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$1.96M
$1.72M – $2.29M
NOI $137,265 @ 7.0% cap · market cap 16.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Amherst Bilingual Studio
Training Center
FAQs
What type of property is this?
Duplex - A main home with a separate handicapped-accessible one-bedroom apartment plus ample conserved land for added privacy.
Where is this duplex located?
The property is located at 1114 South East Street Amherst, MA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 16.6‑acre property in South Amherst with scenic views and a mix of wooded, cleared level and gentle‑sloping land; Main residence plus separate handicapped‑accessible 1‑bedroom apartment (built 1988) with its own kitchen, full bath, laundry, and side deck; 4 total bathrooms (3 full, 1 half) and 2 fireplaces; home includes multiple living spaces such as living room, dining room, family room, and office/den
