Duplex with Two-Car
12 Armory Street, Greenfield, MA 01301
For Sale
$310,000
Two apartments pair period woodwork and built-ins with separate utilities, covered porches, and substantial storage.
Property Size2,126 SF
Price / SF$145.81
Days on Market8
Property Features for 12 Armory Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
covered porches
walk-up attic
shed
Building Details
Year Built
Buildings
Listing Agency:
Fitzgerald Real Estate
Listed By:
Corinne A. Fitzgerald · License MA #449000270
(413) 320-9509
Source:
Parksquarerealty
Added: Nov 6
Changed: Nov 12
Last Checked: Nov 12 at 2:17PM
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 Fitzgerald Real Estate
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Investment Insights
Based on property information with market context.
Built in 1900, this 2,126-square-foot duplex contains two apartments, each arranged with five rooms: two bedrooms, a living room, dining room, and kitchen with pantry. Hardwood flooring, built-in features, and original woodwork distinguish the interiors; both units also have updated bathrooms and covered porches. Separate utilities serve the apartments, with natural gas providing heat and hot water. Improvements include a newer roof and added insulation.
A walk-up attic is accessible from the second-floor apartment. Storage is further supported by a two-car garage and a separate shed. The property is at 12 Armory Street in Greenfield, near downtown, the library, YMCA, restaurants, shopping, and Highland Park trails.
A walk-up attic is accessible from the second-floor apartment. Storage is further supported by a two-car garage and a separate shed. The property is at 12 Armory Street in Greenfield, near downtown, the library, YMCA, restaurants, shopping, and Highland Park trails.
Key Highlights
- Two apartments, each with five rooms and two bedrooms
- 2,126 square feet; built in 1900
- Separate utilities; natural gas heat and hot water
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,229
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$564,580
$564.6K
Cap Rate 7%
$403,271
$403.3K
Cap Rate 9%
$313,656
$313.7K
Market Conditions
NOI Build-Up for 2,126 SF
Gross rent
$53.6K $25.20/SF
− Vacancy
−$2.3K −$1.06/SF
EGI
$51.3K $24.14/SF
− OpEx
−$23.1K −$10.86/SF
NOI
$28.2K $13.28/SF
Area
Franklin County, MA
Vacancy
4.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$564,580
Cap Rate 7%
$403,271
Cap Rate 9%
$313,656
Alternative Uses
Best Use
Multifamily LT 5
$446.0K
$390.3K – $520.4K
NOI $31,221 @ 7.0% cap · market cap 10.07%
Second Best
Apartment 5plus
$403.3K
$352.9K – $470.5K
NOI $28,229 @ 7.0% cap · market cap 9.11%
Theoretical Best
Healthcare Medical
$881.6K
$771.4K – $1.03M
NOI $61,711 @ 7.0% cap · market cap 19.91%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,114
Businesses Nearby
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Business Placement
Demographics for 01301, MA
18,042
Population
8,761
Households
2.1
Avg Household Size
45
Median Age
38%
College-Educated
92%
High-School Grad
25.3 sq mi
ZIP Area
713
Density / Sq Mi
$54,347
Median Household Income
$37,630
Median Earnings
$1,098
Median Rent
$253,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments pair period woodwork and built-ins with separate utilities, covered porches, and substantial storage.
Where is this duplex located?
The property is located at 12 Armory Street Greenfield, 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 apartments, each with five rooms and two bedrooms; 2,126 square feet; built in 1900; Separate utilities; natural gas heat and hot water
