Two-Family Residential Income
13 Goodrich Street Pittsfield, MA 01201
13 Goodrich Street, Pittsfield, MA, 01201
$249,900
For Sale
$249,900
Two-family building featuring brand-new on-demand gas baseboard heat on the first floor.
Property Size1,560 SF
Price / SF$160.19
Days on Market694
Property Features for 13 Goodrich Street
General Information
- Standard status
- Active
- Size
- 1,560 SF
- Property subtype
- MultiFamily
Building Details
- Year Built
- 1940
Listing agency
413 REAL ESTATE
(413) 822-7714
Listed by
Scott Higuera · License #9034743
(413) 822-7714
Source
Compass
Added: Aug 27, 2024 Updated: Jul 21 at 6:57AM Checked: Jul 21 at 6:57AM
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 413 REAL ESTATE
Investment Insights
Based on property information with market context.
This two-family residential income property offers two separate units within a single building. Public remarks note brand-new gas on-demand heating with baseboard units on the first floor.
The property is located at 13 Goodrich Street in Pittsfield, Massachusetts.
With a two-family configuration and updated first-floor heating equipment, the building may be well-suited for buyers looking for a straightforward residential income asset.
The property is located at 13 Goodrich Street in Pittsfield, Massachusetts.
With a two-family configuration and updated first-floor heating equipment, the building may be well-suited for buyers looking for a straightforward residential income asset.
Key Highlights
- Two‑family building built in 1940
- Brand‑new on‑demand gas baseboard heat on the first floor
- Heating includes oil and natural gas with a boiler and hot water (oil and natural gas)
Local Financial Insights For Apartment 5plus
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 | $39.3k | $25.20 |
| − Vacancy | −$550 | −$0.35 |
| EGI | $38.8k | $24.85 |
| − OpEx | −$17.4k | −$11.18 |
| NOI | $21.3k | $13.67 |
1,560 SF · lease $25.20/SF/yr · vacancy 1.40% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$332.5K
$290.9K – $387.9K
NOI $23,273 @ 7.0% cap · market cap 9.31%
Second Best
Apartment 5plus
$304.6K
$266.5K – $355.3K
NOI $21,319 @ 7.0% cap · market cap 8.53%
Theoretical Best
Office A
$456.8K
$399.7K – $532.9K
NOI $31,974 @ 7.0% cap · market cap 12.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family building featuring brand-new on-demand gas baseboard heat on the first floor.
Where is this duplex located?
The property is located at 13 Goodrich Street Pittsfield, MA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Two‑family building built in 1940; Brand‑new on‑demand gas baseboard heat on the first floor; Heating includes oil and natural gas with a boiler and hot water (oil and natural gas)
