Northampton Multifamily Investment
13 Munroe Street Northampton, MA 01060
13 Munroe Street, Northampton, MA, 01060
$1,425,000
For Sale
$1,425,000
Turnkey Northampton rental property near downtown and Smith College.
Property Size4,500 SF
Price / SF$316.67
Days on Market87
Property Features for 13 Munroe Street
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Property subtype
- Multi-family / 5+ Family - 5+ Units Up/Down
Building Details
- Year Built
- 1900
Listing Agency
Delap Real Estate LLC
(413) 586-9111
Listed by
Joseph Bialek · License #9573270
(413) 586-9111
Source
Compass
Added: Apr 22 Checked: Jul 17 at 6:09 am
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
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.
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 | $113.4k | $25.20 |
| − Vacancy | −$5.3k | −$1.18 |
| EGI | $108.1k | $24.02 |
| − OpEx | −$48.6k | −$10.81 |
| NOI | $59.4k | $13.21 |
4,500 SF · lease $25.20/SF/yr · vacancy 4.70% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
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.
