Three-Unit Multifamily
For Sale
$895,000
33-37 Cottage St, Amherst, MA 01002
Three separate apartments include shared laundry, appliances, and off-street parking in Amherst.
Property Size2,417 SF
Days on Market69
Property Features for 33-37 Cottage St
General Information
Standard status
Active
Size
2,417 SF
Total Parking Spaces
7
Property subtype
Multifamily
Units
Unit Mix
3 bedrooms & 1.5 baths, 2 bedrooms & 1 full bath
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$9,076
Amenities
coin-operated laundry room
Building Details
Building Size
2,417 SF
Year Built
1870
Listing Agency:
Berkshire Hathaway HomeServices Realty Professionals
Listed By:
Burke Group
(413) 262-1565
Source:
Classifiedrealtygroup
Added: Jul 29
Changed: Oct 5
Last Checked: Oct 5 at 3:49PM
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 Berkshire Hathaway HomeServices Realty Professionals
Investment Insights
Based on property information with market context.
This 2,417-square-foot triplex, constructed in 1870, contains three independent apartments with a combined seven bedrooms and five baths. The unit configuration includes one three-bedroom apartment with 1.5 baths and two two-bedroom apartments with one full bath each. Improvements include a coin-operated laundry room, included appliances, three electrical meters, and four hot water tanks. Seven off-street parking spaces serve the property.
The property is located at 33-37 Cottage Street in Amherst, adjacent to Amherst High School fields and within walking distance of downtown, Amherst College, UMass, restaurants, and shopping. Separate entrances and utility metering support distinct unit operations, while the existing layout accommodates either an investment property or an owner-occupant arrangement.
The property is located at 33-37 Cottage Street in Amherst, adjacent to Amherst High School fields and within walking distance of downtown, Amherst College, UMass, restaurants, and shopping. Separate entrances and utility metering support distinct unit operations, while the existing layout accommodates either an investment property or an owner-occupant arrangement.
Key Highlights
- Three‑unit property totaling 2,417 SF
- Seven bedrooms and five baths across three separate units
- Unit mix: 3BR/1.5BA, 2BR/1BA, and 2BR/1BA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,915
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$698,300
$698.3K
Cap Rate 7%
$498,786
$498.8K
Cap Rate 9%
$387,944
$387.9K
Market Conditions
NOI Build-Up for 2,417 SF
Gross rent
$52.2K $21.60/SF
− Vacancy
−$2.3K −$0.96/SF
EGI
$49.9K $20.64/SF
− OpEx
−$15.0K −$6.19/SF
NOI
$34.9K $14.45/SF
Area
Hampshire County, MA
Vacancy
4.46%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$698,300
Cap Rate 7%
$498,786
Cap Rate 9%
$387,944
Alternative Uses
Best Use
Multifamily LT 5
$498.8K
$436.4K – $581.9K
NOI $34,915 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$456.1K
$399.1K – $532.1K
NOI $31,925 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,034 @ 7.0% cap · market cap 11.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,167
Businesses Nearby
Explore this area
Business Placement
Demographics for 01002, MA
27,558
Population
11,089
Households
2.5
Avg Household Size
30
Median Age
74%
College-Educated
97%
High-School Grad
53.3 sq mi
ZIP Area
517
Density / Sq Mi
$69,411
Median Household Income
$22,570
Median Earnings
$1,561
Median Rent
$449,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three separate apartments include shared laundry, appliances, and off-street parking in Amherst.
Where is this triplex located?
The property is located at 33-37 Cottage St Amherst, MA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Three‑unit property totaling 2,417 SF; Seven bedrooms and five baths across three separate units; Unit mix: 3BR/1.5BA, 2BR/1BA, and 2BR/1BA
