Northampton Multifamily Investment
For Sale
$1,425,000
13 Munroe Street, Northampton, MA 01060
Turnkey Northampton rental property near downtown and Smith College.
Property Size4,500 SF
Price / SF$316.67
Days on Market197
Property Features for 13 Munroe Street
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Multi-family
Building Details
Year Built
1900
Listing Agency:
Delap Real Estate LLC
Listed By:
Joseph Bialek · License #9573270
(413) 404-8191
Source:
Delaprealestate
Added: Apr 8
Changed: Oct 21
Last Checked: Oct 20 at 10:49PM
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 Delap Real Estate LLC
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Investment Insights
Based on property information with market context.
This multifamily property, situated in the heart of Northampton, presents an investment opportunity. The property features 5 updated units, updated electrical systems, and replacement windows. On-site amenities include coin-operated laundry facilities, paved off-street parking, and dedicated storage spaces. The heating system has been updated, and the property includes a backyard with garden space. Each unit has separate utilities. The property is located within walking distance of downtown and Smith College. There is potential for additional income by leasing the two-car garage. The property spans 4,500 square feet.
Key Highlights
- Turnkey, high‑performing rental property in the heart of Northampton.
- Five updated units with separate utilities.
- Updated electrical, replacement windows, and updated heating system.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,439
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,188,780
$1.2M
Cap Rate 7%
$849,129
$849.1K
Cap Rate 9%
$660,433
$660.4K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$113.4K $25.20/SF
− Vacancy
−$5.3K −$1.18/SF
EGI
$108.1K $24.02/SF
− OpEx
−$48.6K −$10.81/SF
NOI
$59.4K $13.21/SF
Area
Hampshire County, MA
Vacancy
4.70%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,188,780
Cap Rate 7%
$849,129
Cap Rate 9%
$660,433
Alternative Uses
Best Use
Apartment 5plus
$849.1K
$743.0K – $990.7K
NOI $59,439 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.74M
$2.40M – $3.20M
NOI $191,830 @ 7.0% cap · market cap 13.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,024
Businesses Nearby
Explore this area
Business Placement
Demographics for 01060, MA
14,461
Population
7,875
Households
1.8
Avg Household Size
42
Median Age
69%
College-Educated
95%
High-School Grad
10.9 sq mi
ZIP Area
1,327
Density / Sq Mi
$75,077
Median Household Income
$49,151
Median Earnings
$1,460
Median Rent
$427,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Turnkey Northampton rental property near downtown and Smith College.
Where is this apartment building located?
The property is located at 13 Munroe Street Northampton, MA.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: Turnkey, high‑performing rental property in the heart of Northampton.; Five updated units with separate utilities.; Updated electrical, replacement windows, and updated heating system.
