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    215-217 State St Northampton, MA 01060

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    For Sale
    $775,000

    Five-unit property near downtown, bike path, and Smith College.

    Lot size:
    0.22 Acres

    Property Features for 215-217 State St

    General Information

    Lot size
    0.22 Acres

    Building Details

    Year built
    1900

    Source: Delap Real Estate LLC Agent Tess Coburn-Salem

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Five-Unit Multifamily Property For Sale

    This five-unit property, listed for the first time in over 40 years, generates substantial cash flow. Its location provides convenient access to downtown, the bike path, Smith College, and the amenities of King Street. The property includes a large four-bedroom unit featuring exposed beams and cathedral ceilings in the central living space. The three-bedroom unit offers a large kitchen, a walk-in pantry, and natural light from two bay windows. Additionally, there are three one-bedroom units, contributing to rental diversity for stable income. Mature trees enhance privacy. The four-bedroom unit has three parking spaces, while each of the smaller units has one off-street parking space. A coin-operated laundry in the basement provides additional income. Each unit is separately metered, with an additional owner's meter. Several units currently have rents below market value, presenting an opportunity for long-term growth.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Hair Salon Spa & Massage Nail Salon Building Supply Clothing Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Northampton
    County
    Hampshire
    State
    Massachusetts
    Longitude
    -72.6349785
    Latitude
    42.3253886

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    FAQs

    What type of property is this?
    Apartment building - Five-unit property near downtown, bike path, and Smith College.
    Where is this apartment building located?
    The property is located at 215-217 State St Northampton, MA.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: - Excellent cash flow from 5 units.; - Prime location: short walk to downtown, bike path, Smith College, and King St amenities.; - Large 4-bedroom unit with exposed beams and cathedral ceilings.
    (413) 923-7622
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    215-217 State St Northampton, MA 01060
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    215-217 State St Northampton, MA 01060
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