Triplex with Heated Basement
New
For Sale
$350,000
125 French King Hwy, Greenfield, MA 01301
Three one-bedroom apartments include individually metered electricity and electric baseboard heat.
Property Size1,728 SF
Price / SF$202.55
Days on Market6
Property Features for 125 French King Hwy
General Information
Standard status
Active
Size
1,728 SF
Total Parking Spaces
5
Property subtype
Residential Income
Zoning
GC
Net Operating Income
$10,800
Units
Unit Mix
3 x 1BR
Multifamily Units
3
Individually Metered Utilities
electricity
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,574
Building Details
Building Size
1,728 SF
Year Built
1966
Stories
3
Listing Agency:
Ruggeri Real Estate
Listed By:
Alayna Zellmann · License #9579076
(413) 824-0184
Source:
Laerrealty
Added: Oct 24
Changed: Oct 26
Last Checked: Oct 28 at 5:04AM
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 Ruggeri Real Estate
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Investment Insights
Based on property information with market context.
This 1,728-square-foot triplex in Greenfield was built in 1966 and is zoned GC. It contains three one-bedroom apartments, two of which are occupied; the remaining unit is vacant. That apartment has a kitchen, living room, and separate dining room, along with access to the basement. Four unfinished, heated basement rooms provide additional interior space. Each apartment uses electric baseboard heat and has an individual electricity meter. A new septic system is currently being installed.
The property is located at 125 French King Hwy in Greenfield, Massachusetts. The vacant apartment’s separate dining area and basement access distinguish its layout from a basic one-bedroom configuration.
The property is located at 125 French King Hwy in Greenfield, Massachusetts. The vacant apartment’s separate dining area and basement access distinguish its layout from a basic one-bedroom configuration.
Key Highlights
- Three one‑bedroom apartments; two occupied and one vacant
- 1,728 square feet; built in 1966
- Four unfinished heated rooms in the basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,376
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$507,520
$507.5K
Cap Rate 7%
$362,514
$362.5K
Cap Rate 9%
$281,956
$282.0K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$38.4K $22.20/SF
− Vacancy
−$2.1K −$1.22/SF
EGI
$36.3K $20.98/SF
− OpEx
−$10.9K −$6.29/SF
NOI
$25.4K $14.69/SF
Area
Franklin County, MA
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$507,520
Cap Rate 7%
$362,514
Cap Rate 9%
$281,956
Alternative Uses
Best Use
Multifamily LT 5
$362.5K
$317.2K – $422.9K
NOI $25,376 @ 7.0% cap · market cap 7.25%
Second Best
Apartment 5plus
$327.8K
$286.8K – $382.4K
NOI $22,944 @ 7.0% cap · market cap 6.56%
Theoretical Best
Healthcare Medical
$716.6K
$627.0K – $836.0K
NOI $50,159 @ 7.0% cap · market cap 14.33%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
160
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?
Triplex - Three one-bedroom apartments include individually metered electricity and electric baseboard heat.
Where is this triplex located?
The property is located at 125 French King Hwy Greenfield, MA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Three one‑bedroom apartments; two occupied and one vacant; 1,728 square feet; built in 1966; Four unfinished heated rooms in the basement
