Two-Unit Brick
116-118 West St, Holyoke, MA 01040
For Sale
New
$310,000
Both residences have two bedrooms, an eat-in kitchen, and basement laundry hookups, with separate electric utilities.
Property Size1,866 SF
Price / SF$166.13
Days on Market6
Property Features for 116-118 West St
General Information
Standard status
Size
Property subtype
Zoning
Net Operating Income
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Asking Price
Taxes and HOA fees
Annual Taxes
Amenities
basement laundry hookups
Building Details
Building Size
Year Built
Stories
Construction
Listing Agency:
eXp Realty LLC
(888) 854-7493
Listed By:
The Aimee Kelly Crew
(413) 313-2127
Source:
Churchillprop
Added: Nov 4
Changed: Nov 7
Last Checked: Nov 8 at 4:30AM
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 eXp Realty LLC
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Investment Insights
Based on property information with market context.
This brick duplex contains two residences, each arranged with two bedrooms, one full bathroom, and an eat-in kitchen. The second-floor unit also has a bonus room that can serve as flexible interior space. Basement laundry hookups and separate electric utilities are provided. The building contains 1,866 square feet and was built in 1900.
The property is at 116-118 West St in Holyoke, Massachusetts, with a low-maintenance lot. Nearby amenities listed include a community garden, park, shopping, dining, and schools; major routes are also in the surrounding area.
The property is at 116-118 West St in Holyoke, Massachusetts, with a low-maintenance lot. Nearby amenities listed include a community garden, park, shopping, dining, and schools; major routes are also in the surrounding area.
Key Highlights
- Two residences, each with 2 bedrooms and 1 full bath
- 1,866‑square‑foot brick building, constructed in 1900
- Second‑floor unit includes a bonus room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,440
Cap Rate
7.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,800
$488.8K
Cap Rate 7%
$349,143
$349.1K
Cap Rate 9%
$271,556
$271.6K
Market Conditions
NOI Build-Up for 1,866 SF
Gross rent
$36.9K $19.80/SF
− Vacancy
−$2.0K −$1.09/SF
EGI
$34.9K $18.71/SF
− OpEx
−$10.5K −$5.61/SF
NOI
$24.4K $13.10/SF
Area
Hampden County, MA
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,800
Cap Rate 7%
$349,143
Cap Rate 9%
$271,556
Alternative Uses
Best Use
Multifamily LT 5
$349.1K
$305.5K – $407.3K
NOI $24,440 @ 7.0% cap · market cap 7.88%
Second Best
Apartment 5plus
$323.6K
$283.1K – $377.5K
NOI $22,650 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,504 @ 7.0% cap · market cap 25.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,149
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
$255,300
Median Home Value
Market
Average Price Trend$/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 - Both residences have two bedrooms, an eat-in kitchen, and basement laundry hookups, with separate electric utilities.
Where is this duplex located?
The property is located at 116-118 West St Holyoke, MA.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 full bath; 1,866‑square‑foot brick building, constructed in 1900; Second‑floor unit includes a bonus room
